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Peter Schiff On Soros Meeting And The World Reserve Currency

Blog Feb 20, 2012

The World Reserve Currency is on Peter Schiff’s mind as he comments on the Soros meeting at Bretton Woods and that the problem is that the U.S. dollar is the world’s reserve currency and that we have been abusing this status. Peter states that interest rates worldwide are too low and that the U.S. can only run these huge deficits because it has the status of World Reserve Currency.

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Lynette Zang

Chief Market Analyst, ITM Trading

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Tags: Debt, Federal Reserve, U.S. Dollar, world reserve currecny

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