Peter Schiff : Inflationary Nightmare Coming January 24, 2011

Peter Schiff Inflationary Nightmare Coming January 24, 2011



Peter Schiff : Inflation is already here and it is in the first thing you'd expect it to be which is the commodities , inflation is not because of the weather , politicians always want to blame inflation on the weather otr on greedy corporations ...etc.......Inflation "is the consequence of what the government has done to try to stimulate the economy,” he says, referring to quantitative easing and stimulus spending. Basically, the Fed has had to print money in order to pay for this country’s huge deficits, which in turn has pushed up the price of just about everything priced in dollars, which remains the world's reserve currency.