David4 Wrote:
Feb 02, 2013 10:49 PM
Peter Schiff makes a point that is seldom mentioned: weakening a currency diminishes the purchasing power of the population, lowering their standard of living. We can bet that the OPEC countries are NOT weakening their currencies as much as we-the-developed-countries are weakening ours. Now an example I would like Peter Schiff to work through is Argentina c. 2000: a strong currency compared to their trading partners led to massive unemployment, which led to the overthrow of their government.