The Season’s Biggest Turkey!

Peter Schiff of Euro Pacific Capital has some alarming words about the USD and an idea about where we are heading:

This week the U.S. dollar was carved up like a Thanksgiving turkey. Against the Swiss franc, Euro, British pound, and Japanese yen, the dollar lost 3%, 2.2%, 2% and 1.8% of its value respectively. To put those declines into perspective, in terms of the Euro the Dow Jones’s 60 point plus decline this week translates into the equivalent of a 320 point decline when measured in euros.

Peter Schiff USD Mover Mike

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