this is my first blog post here and I would like to share with all of you this video with Peter Schiff. The video is 20 days old but it will be actual for much longer time. What about is he talking is sure from the title and from the video. So what are we retail trader going to do?
Immediately after QE3 release I wanted to exchange my US$ which are on my broker's bank account to any other currency (besides €). But after articles like these: link1,link2 etc. I thought that the dollar is really not in so bad position and I let my exchange be. But after seeing talking Peter S. I realised that Bernanke has me drunk with his speech about growing US economy including employment growth (I hope this sentence sounds as same as in my language).
What do you think about this situation? Is it time to exchange your money from dollars or even (at worst) take your money back from the broker?
I think not. But I will keep my eyes open.
There are only two options for USD in my opinion. Economic collapse or WAR. And I know that the politics will choose WAR to keep their seat there.
I hope that everyone of you understand my bad english and this blog post is not one of the worst ever posted here.