Peter Schiff: "It is Sheer Bulls**t"

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How is Peter Schiff: "It is Sheer Bulls**t"

Peter Schiff: "It is Sheer Bulls**t" Video Clips. Duration : 10.73 Mins.

We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Federal Reserve Interest Rates . Visit PeterSchiffBlog for the latest. - It's obvious that everyone who holds assets in dollars will get really hurt. Considering that the Federal Reserve slashed interest rates to zero, they have nothing left in their bag of tricks except for printing more money. On television, there have been many specials that try to make the case that deflation in bad for the economy because falling prices cause people to never buy products. This is utter nonsense. Is that what we see happening in the cell phone market, or in the computer market, or in the plasma television market? People still buy in markets with falling prices. This is just complete propaganda so that people will cheer on the Federal Reserve when they decide to print more money. It's tough to say how much time we have. You'll start to see the dollar falling against other currencies on the global market. It might start out at 5% a week, and no one will be able to notice that a crisis upon us until it has been falling like that for a while. Everyone believes that if a currency crisis falls upon us, the Federal Reserve will be able to avert any widespread damage. But this isn't true, because what will they actually be able to do? Gold and silver isn't your only defense against the currency devaluation. There is other real stuff you can own, including stocks of businesses. Many of them are still near their low even when measured against fiat currency. Many of them yield dividends in the range of 20-30%. This is a great ...

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