Peter Schiff - it costs 50% more to make a dollar than it did 3 years ago

Peter Schiff - it costs 50% more to make a dollar than it did 3 years ago yet the FEd insists that there is no inflation


Peter Schiff : an Ironic story about Inflation , the Federal Reserve insist in saying that there is no inflation , yet there is a story today that the treasury is thinking about no longer printing One Dollar Bill , and the reason is because it is too expensive , because its cost is rising , they think that it may save us some money if we just make coins , One Dollar Coins which will last a lot longer and so they won't have to be reprinted , the bills that we use , are 70% cotton and 25% linen , cotton prices have gone up dramatically recently , according to this article the cost of printing dollar bill has increased by more than 50% since 2008 , you see the irony here , I mean the Federal Reserve says there is no Inflation yet the cost of printing money is gone up by 50% , for what reason ? well because of all the inflation , because they printing so much money they've driven the cost of the process and now it costs 50% more to make the bills than it cost three years ago despite the fact that the bills buy less ...a Dollar bill today cost 50% more to make than it did three years ago yet it has lower purchasing power in terms of what you could buy with it