Saturday, January 24, 2015

Peter Schiff: China will Follow Swiss National Bank's Footsteps

In this interview with Bloomberg TV, Peter Schiff makes several predictions. We will track them over time to see how he does. Below you can watch the interview (posted on Youtube). Schiff says US citizens should enjoy the higher dollar today as he predicts China will allow the Yuan to rise against the dollar in the near future.

Other forecasts in this interview:

- US will start up a QE4 by year end 2015 which will force China to allow the Yuan to rise

- The US QE4 program will be larger than QE1, QE2, and QE3 combined

- Chinese citizens standard of living will improve as the Yuan appreciates against the dollar

- US citizens standard of living will fall at the same time for the same reason

- Impact of this change on markets will be much higher than the Swiss Bank news

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