Peter Schiff : Stocks went up but the Cost of Living went up even higher

Peter Schiff : well, it's not just the fed. you have to throw congress in there. they're the ones running the deficits that the fed is monetizing. but the combination of deficit spending and QE is what's destroying the value of the dollar and sending prices higher. stocks are no exception. we're not getting richer because the nominal value of our stocks goes up. most americans are going to get poorer because when they go to spend their dividends or the proceeds from the sale of their stocks, they're going to find the cost of living has gone up a lot faster than their stock portfolios - in CNBC