Sunday, July 21, 2013

FEDERAL RESERVE PLAN STOCK MARKET COLLAPSE – PETER SCHIFF: “DOLLAR IS GOING TO COLLAPSE BEFORE THE MARKET DOES”

Federal Reserve Plan Stock Market Collapse

2013 the year the US Dollar will collapse, US Dollar slippery slope to economic collapse

PETER SCHIFF: “DOLLAR IS GOING TO COLLAPSE BEFORE THE MARKET DOES”
I had the opportunity this week to reconnect with Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital. 
It was a powerful interview, as Peter indicated the Fed is trapped in a long-term position of destroying the dollar, while mainstream voices cheer resultant new highs of the stock market. Such dollar debasement Peter explained, means “the price of gold is going to skyrocket”—once the negative propaganda wears off.
When asked if continued money printing is setting the stage for an equities market collapse, Peter said, “I think the dollar is going to collapse before the market [does]…The Fed is propping up asset prices by debasing the dollar—the currency with which those asset prices are denominated.”
“So if you’re going to destroy your currency, then asset prices are not going to collapse…Another way you can look at it is expressed in gold…Stock and real estate prices expressed in gold are going to go down significantly over time.

http://www.silverdoctors.com/peter-schiff-dollar-is-going-to-collapse-before-the-market-does/

 

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