Dollar is UP , Gold and Oil Down Counter trend rally

Peter Schiff Vlog for today talks about the strength of the dollar the weakness in Gold and Oil a counter trend rally , Peter says that he do not think that the dollar is going to go any higher than where it is now and that the gold is not going to lose any ground , Investors should keep on looking at gold as a safe heaven against the inflation , The news of today about the supreme court blocking the government plans for Chrysler , Peter sees some hope in here , a good number of Chrysler assets are being turned to FIAT , some of the creditors have files lawsuit to prevent the transfer of the assets to the Italian auto maker FIAT , apparently FIAT is getting the assets for free although they are promising not to lay off any workers , but they are not paying any money and this has nothing to help the creditors , hopefully this won't set up a precedent , because otherwise who would lend money in the future to an American company , Peter talks later about the European election and how the trend in general is "away from socialism" less government ...this while America is being slowly and totally socialized under the Obama administration ...Peter ends by talking about his CNBC interview this morning , the bailout , inflation gloom and doom and the terrible things is super government is doing to this country , we gonna need foreign credit and foreign capital , Peter Schiff says that he is against the fact that the US government borrow money from foreign sources but he agrees that American companies need foreign money and foreign markets in order to grow and prosper...

The American Economy is a Giant Ponzi Scheme ready to Collapse : Peter Schiff

The Reserve Currency Status Corrupted America :
Gold is money and only gold can replace the dollar , if we move to the Euro as a reserve currency , ultimately it is going to corrupt Europe just like the Reserve Currency Status corrupted America there is no way we are debt back , we are going to default no matter what the credit rating agency are saying , are we going to be honest and restructure our the debt or are we going to keep on solving the problems by printing more money and issuing junk bonds ...we will end up like Argentina ....There gonna be a massive inflation Says Peter Schiff This morning on CNBC , he also talked about the massive inflation the debt that we are sinking in the federal reserve continuing to print more and more money out of thin air , the GDP is highly inflated with phony numbers , teaser rates , we are like Bernie Madoff running a giant Ponzi scheme ..people bought houses using teaser rates ...we do not know how long this recession will last