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

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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

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