Excerpt starting @9:12...Schiff breaks down the dilemma.
https://www.youtube.com/watch?v=BfxR0vhu0kY
"Everybody is focused on the de-valuation, which is tiny. TWO or THREE percent. The PRinciple here is what's important. CHina said they do not want to be pegged to the dollar but to 'kinda reflect fundamentals'. Everybody forgets the Dollar has risen over 30% against a basket of currencies over the past couple years. Since the chinese currency is tied to dollars, it TOO rose. However, when the dollar collapses, China will not "fantasy fog lift" it by suppressing the value of the Yuan by purchasing US securities any further, China is not gonna be there to catch us this time.
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