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- Jun 18, 2019
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Unless they undertake some reforms or make necessary changes. In light of this thread, the U.S. economy has held up quite well for the doom being predicted.Oil is still sold in dollars. Yuan (RMB) is not fully convertible. U.S. has the largest well managed and transparent capital market (global business doing their IPO is NYSE). All these are going to support the dollar, for the time being.
But on the long term no doubt Peter Schiff is right. The Value of dollar has to and will continue to decline.
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