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Peter Schiff Explains What Currency War Will Mean For Gold
http://www.zerohedge.com/article/peter-schiff-explains-what-currency-war-will-mean-gold ^

Posted on 11/08/2010 8:50:39 AM PST by tired1

Since the Bretton Woods Agreement was signed in the wake of World War II, the global monetary system has been based on the US dollar. This means that when the Fed decides to create trillions of dollars of inflation, other countries can't simply say, "let them dig their own grave." Instead, because their international transactions are denominated in dollars, they feel a pressure to maintain relatively stable exchange rates between their currencies and the dollar.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; Government
KEYWORDS: economy; gold; inflation; peterschiff

1 posted on 11/08/2010 8:50:41 AM PST by tired1
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To: tired1

The Great Peter Schiff


2 posted on 11/08/2010 9:53:46 AM PST by DontTreadOnMe2009 (So stop treading on me already!)
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To: tired1

The Great Peter Schiff

He shouda been a Senator ...


3 posted on 11/08/2010 9:54:16 AM PST by DontTreadOnMe2009 (So stop treading on me already!)
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To: tired1

The Great Peter Schiff

He shoulda been a Senator ...

or head of the Fed


4 posted on 11/08/2010 9:55:00 AM PST by DontTreadOnMe2009 (So stop treading on me already!)
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To: tired1

The Great Peter Schiff

He should have been a Senator ...

or head of the Fed ...

or President.


5 posted on 11/08/2010 9:55:47 AM PST by DontTreadOnMe2009 (So stop treading on me already!)
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To: DontTreadOnMe2009

Peter Schiff, the last Chairman of the Federal Reserve.


6 posted on 11/08/2010 9:59:01 AM PST by Darth Reardon (No offense to drunken sailors)
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To: tired1

Paper “gold” or the plastic kind that’s only represented by 1s and 0s in market computers?


7 posted on 11/08/2010 2:15:30 PM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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