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“When [the U.S.] decouples, the world will thrive,” Schiff told CNBC. “The world doesn’t need our consumption, we need their production. The global economy is fine without propping up the U.S. economy. We are in serious, serious trouble.”
Schiff said it’s not only a possibility, but “it’s inevitable” that Brazil and China are eventually going to dump the dollar as the international currency of choice. (Watch interview for more of Schiff's reasons why the U.S. dollar is in trouble.)
“As far as I’m concerned, the U.S. has already lost its AAA rated status,” said Schiff.
“Overall, we like the U.S. market,” Hatheway told CNBC. “Buy the U.S. market and [stocks] tilting toward things that are semi-cyclical.”
Originally posted by LostNemesis
To our INCOMPETENT GOVERNMENT: DON'T do ANYTHING. Let it fall, and we will pick up the pieces.... if without you... Then GOOD!!
Originally posted by Tentickles
reply to post by moniker
Seems governments all over the world are taking a page our of our bizzaro economic book.