Saturday, November 28, 2020
Home Uncategorized US killing dollar with addiction to ‘ever-increasing doses of monetary heroin’ –...

US killing dollar with addiction to ‘ever-increasing doses of monetary heroin’ – Peter Schiff

Also on rt.com

© Pixabay.com
US Dollar’s grip on global markets is slipping – Goldman Sachs

Schiff also noted that stimulus doesn’t even make a weak economy strong, “It actually makes a weak economy weaker by addicting it to stimulus.”

According to the veteran stockbroker, the reason the American economy needs the “emergency” tool constantly is because the central bank used it in the first place. “The Fed has so crippled the US economy by giving it the QE crutch that now the only way it can limp along is with that crutch. If you take that crutch away, you know, and the economy completely implodes. It collapses. So, we didn’t cure the economy by coming in with QE. We just created a bubble that is addicted to ever-increasing doses of that monetary heroin.

“We were always going to get more stimulus. The US government and the Fed will keep stimulating the economy by draining it of its life-blood until they completely destroy it by killing the dollar.”

For more stories on economy & finance visit RT’s business section

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Camila Cabello Reaction To Boyfriend Shawn Mendes’ Netflix Documentary Shows That They Are A Dream Couple

Two young singers, Camila Cabello and Shawn Mendes, who are also both very successful in their fields, are almost over a year in their...

Hulk Hogan’s Daughter Brooke Flashes Her Toned Midriff As She Poses Up A Storm In Floral Knotted Shirt

The daughter of iconic WWE wrestler Hulk Hogan and famous singer, Brooke Hogan, has shared yet another stunning pose of herself via her Instagram...

Channing Tatum Surprises Everyone With His New Photo While Explaining Why He Did It

The other day, actor Channing Tatum, who shared a post two months ago, shared a selfie of his new style on his Instagram account,...

Eniko Hart Turns Heads In White Sweatshirt And Leggings As She Heads Out For A Stroll With Daughter Kaori

The successful comedian and actor Kevin Hart‘s wife, Eniko Hart, has shared a recent photo of herself with her newborn daughter, Kaori Mai, on...

Recent Comments