by Joshua Cook, Freedom Outpost:
The dollar index is on a nine-straight month rise. This change has caught investors by surprise and has forced a shift in perspective where the dollar is consistently in a state of debt-fueled decline.
While some minds are changing, Peter Schiff, CEO of EuroPacific Capital, said don’t believe the hype, calling the storyline a “false narrative.”
“I’m surprised it’s rallied this much but that doesn’t mean it’s permanent. When traders wake up to reality and realize how wrong these [bullish dollar] bets are, they’re going to unwind these trades, and the dollar is going to implode very quickly,” he said. “I think the people who have been betting on the dollar and have made a lot of paper profits, if they’re caught in this when it reverses, they’re going to end up losing a lot of money,” he explained.
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