http://usawatchdog.com/were-going-to-… -
Peter Schiff, the CEO of Euro Pacific Precious Metals, says, “The
messes get progressively bigger because the bubbles get progressively
bigger. We have the biggest bubble ever blown right now because we have a
simultaneous bubble in the stock market and the real estate market and
the bond market. . . . The air is coming out of all of them. The Fed
knows this bubble is too big to pop. That’s why the Fed is going to come
back with an even bigger round of QE (money printing) than the last
round. We’re going to be hit with a tsunami of inflation. . . . I think
we’re going to be stuck with a lot of the money, which means it will bid
up consumer prices right here in America. New Fed Chief Janet Yellen
said she wants more inflation. Well, she’s going to get it.”
Schiff thinks the U. S. Dollar
will be in trouble first and not Treasury Bonds. Why? Schiff says, “The
dollar will go poof first. Remember, the Federal Reserve can buy up all
those bonds to stop the prices from collapsing, but in order to do so,
it has to print dollars. But, eventually, the dollar collapses because
the world figures out the game. The Fed can print all the dollars they
want, but they can’t force people to accept them. That is going to be
the problem.” (There is much more in the video interview.)Join Greg Hunter as he goes One-on-One with money manager Peter Schiff.
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