Comments by "Ade M" (@adem5762) on "Peter Schiff"
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Who is Peter Schiff anyway? Oh yes, just a minor economist in a small asset management company. ITs not like he is in Blackrock Inc, Vanguard, or State street the 3 Asset managment companies that control 88% of of the S&P 500...
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But Schiff is is only stating the facts as they occur now. He is not evaluating future US economic strategy. He is correct, the US property bubble must burst completely, coming down 60%. For that to happen the US GOvt need mass unemployment to drive down wages.
What you guys in the US cant figure out is - ir is a strategy that begun in 2010. It was not Trumps idea to bring manufacturing back into the US,,,that imbecile cannot tie his own shoe laces .
It is US govt strategy, and that is the civil servants in Washington, not the RED or BLUE morons.
There is going to be a future struggle between East and West, it is NOT military, it is Economic.
The dollar is unlikely to be tha reserve currency, it will NEVER be the Yuan. To be a reserve currency you need transparency, the Chinese like opacity.
The BRICS Gold backed Development Bank will just be a Con like the transparency of the Chinese economy.
What IS Washingtons complete nightmare is the US imploding. When you have mass unemployment, hungry poor, homeless people (they were the middle class 6 months before) and guns...lots of guns.
That is the nightmare in the US, where cities will BURN.
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