PETER SCHIFF

PETER SCHIFF

Thursday, January 26, 2012

Peter Schiff Interview CNBC 26 January 2012

Interest rates and consumer prices in the U.S. are lower than they would be if there wasn't uncertainty in Europe, says Peter Schiff, "well, the weakness in the u.s. dollar. and it's creating the illusion of strength. you talked about Italian bond yields. well, as italian bond yields have come down, so too has the dollar as people are selling dollars to buy back that European debt. it's the downward pressure on the dollar that's sending prices higher. not just stock prices, look at oil prices. look at the price of gold surging. that's what's going on. investors are getting poorer" he added

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