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Peter Schiff on U.S. Dollar Crisis: "The Dollar Bubble Is Going to Burst"

Peter Schiff, economist, best-selling author, and CEO of Euro Pacific Capital, believes a U.S. dollar crisis is underway. "The dollar is very overvalued...and the dollar is a bubble," he told Newsmax Prime on Aug. 11. "This dollar bubble is going to burst." Indeed, two weeks later and Schiff's prediction proved timely. The U.S. dollar index has suffered a fourth-straight loss, and U.S. markets have plummeted in the worst weekly sell-off in four years. Many blame the surprise yuan devaluation. But Schiff believes investors should be worried about the United States, not China... Tags: CBOE Volatility index , china yuan devaluation , Chinese yuan devaluation , DJIA , Dollar , dollar bubble , dollar crisis , Dow Jones , Dow Jones Industrial Average , Federal Reserve , Peter Schiff , schiff , Stock market selloff , stock selloff , U.S. Dollar , U.S. dollar bubble , U.S. dollar crisis , U.S. Dollar Index , U.S. federal reserve , VIX , Volatility Index , yuan devaluation To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Peter Schiff on U.S. Dollar Crisis: "The Dollar Bubble Is Going to Burst" appeared first on Money Morning - We Make Investing Profitable .
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