Peter Schiff: US dollar has lost its strength

Peter Schiff: US dollar has lost its strength


As Russia is set to receive a huge economic boost due to the announcement today that they will host the World Cup in 2018, the United States is still suffering from a sluggish economy that is not producing jobs. At the height of the financial crisis, major financial institutions needed a bailout from the US government but the US yet to impose stricter financial regulations, weakening the US dollar

Peter Schiff: "US in process of collapsing"

Peter Schiff: "US in process of collapsing"

As the US financial crisis continues, the G20 has started to take place in South Korea. Going into the meetings the US hopes to "rebalance" the world's economies. Can US treasury Secretary Timothy Geithner do anything substantial at the G20 meetings? Peter Schiff from Euro Pacific Capital says for the US to continue its failed policy and blame other countries for what is an American problem makes no sense.