http://www.youtube.com/watch?v=HuXUIxrDZ8E
Good explanation of the expanding money supply, and what will happen as China de-pegs its currency from the U.S. dollar.
Peter Schiff says:
"China now realizes that inflation is creating... a mood in the country that is not conducive to what they are trying to achieve. They have been afraid of rocking the boat,
And now they realize that the cost of propping up the U.S. dollar and the U.S. economy is greater than the cost of allowing it to collapse, so I think they are going to be moving quicker....
....As the Chinese currency increases in strength, the dollar must decrease, and so Americans experience higher prices, falling purchasing poser, and a lower standard of living, and that is what's coming, unfortunately."
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