Will China Pull a “Switzerland” on the U.S. Dollar?

The Peter Schiff Show

  • Thursday, January 15, will be remembered as the day Switzerland abandoned its peg to the Euro
  • The Swiss defended their policy to peg to the Euro, but suddenly reversed, limiting their losses
  • They admitted they were wrong
  • Although the Swiss stock market went down in their currency, it was up in every other currency
  • Gold is up against everything except the Swiss franc
  • The news in the Swiss market will be a tremor compared to the earthquake if the Chinese abandon their peg both to the Hong Kong Dollar and the Yuan
  • America will win the currency war to the detriment of the American people