US to Win Currency War, Then ‘Implode’: Schiff

By: Jeff Cox
CNBC.com
Tuesday, 12 Feb 2013

HOLLYWOOD, Fla. — The U.S. will win the global currency race to the bottom but decimate its economy in the process, economist Peter Schiff said.

With global central banks using currency manipulation to spur growth, capital markets have been awash in talk of what the fallout will be for investing strategies and consumers who may have to bear the weight of inflation.

Longtime Federal Reserve critic Schiff said the central bank is being forced to prop up an ailing U.S. economy and the only way it can is by weakening the dollar.

“There is a currency war going on,” Schiff said at the Inside ETFs conference presented by Index Universe. “The irony of a currency war which makes it different from other wars is the object is to kill itself. Unfortunately, I think the U.S. is going to win the currency war.”

The Rest…HERE

This entry was posted on Friday, February 15th, 2013 at 11:51 am and is filed under Civil Unrest, Civil War II, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.