Peter Schiff appeared on CNBC to discuss the QE3 program recently announced by the Federal Reserve.
The end result is not going to turn out well for holders of government bonds and dollars. Precious metals are the only safe haven from governments.
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3 comments to Peter Schiff Warning – Get Out of the Dollar NOWThe Peter Schiff Blog: Videos, Articles, and SummariesThe Peter Schiff Blog consists of articles and videos from Peter Schiff. A summary of each video is also provided. This page is updated with Peter Schiff's investment advice and commentary on stock recommendations, the global financial markets, and the economy. |
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Gotta love it since most of my income is foreign RT @peterschiffblog: Peter Schiff Warning: Get Out of the Dollar NOW http://t.co/k3aYWQyK
Schiff is a a genius! This is a “must listen” for everyone who enjoys Costco and Walmart pricing: thinking it will last forever….it will not. Soon the juice that run our Treasury’s printing presses (the purchasers of our TBills: China, Japan) will demand more % and the days of buying cheap consumer stuff will be over.
Hey…maybe we can start producing “stuff” again and selling it abroad (to the Chinese Costoco’s)? The problem is that American’s will get a rude awakening to what are global wages.
Schiff is a a genius! This is a “must listen” for everyone who enjoys Costco and Walmart pricing: thinking it will last forever….it will not. Soon the juice that run our Treasury’s printing presses (the purchasers of our TBills: China, Japan) will demand more % and the days of buying cheap consumer stuff will be over.
Hey…maybe we can start producing “stuff” again and selling it abroad (to the Chinese Costoco’s)? The problem is that American’s will get a rude awakening to what are global wages.