Over the last few months the dollar has dropped significantly against most other major currencies. The decline doesn’t benefit Americans in any way because as the currency depreciates it loses buying power which results in inflation. The last thing the country needs right now is a currency eroding in value considering we’re in the middle of a depression.
According to the president of the Dallas branch of the world’s most powerful private bank (The Federal Reserve) this is a good thing that Americans should embrace. We should all take his statement as a warning that hyperinflation is just around the corner. We should also prepare for it accordingly. In the following video Peter Schiff explains steps you can take to insulate yourself from the coming inflationary period.
No comments:
Post a Comment