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Schiff: Don't Worry About China's Currency When US Dollar Will CollapseNewsmaxAug. 13, 2015 |
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 The U.S. economy has plenty of problems, but China’s devaluation of its currency isn’t one of them, Peter Schiff, CEO of Euro Pacific Capital, told Newsmax TV. However, the impending collapse of the US dollar should be getting all of the attention of investors, he warned Newsmax Prime. China rattled global financial markets Tuesday by devaluing its currency — an effort, in part, to revive economic growth. The yuan's value declined 1.9 percent, its biggest one-day drop in a decade. The move could help Chinese companies by making their products less expensive in global markets. U.S. stocks plummeted, partly on fears about a worsening economic slowdown in China. Read More 
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