Peter Schiff - What to Expect After DOW 13000 :"....there is only one reason that the price of oil are going up the price of gasoline are going up here in the United States and that's because the federal reserve has to print a lot of money to monetize all these bunch of deficits they keep interest rates artificially low , the result of that is that oil prices are rising and it's a global phenomenon because remember we export our dollars all around the world and so foreign central banks buy them by printing their own money so this is all monetary driven , it's our fault , there is nobody else to blame , it is not the fault of Iran , it is a tax , we are paying higher gasoline prices because we have lower payroll taxes this is how they're financing government , they are not taking our purchasing power through taxation they are taking it through inflation , and it is not just oil prices , americans are going to have to get used to a much higher cost of living , the price of everything is going to go up and it is going to go up and it is going to go sky high..."
THE PETER SCHIFF BLOG : An Unofficial Tracking of Peter Schiff and The Libertarian Austrian School of Economics
PETER SCHIFF
Popular Posts This Month
-
Here are some of Peter Schiff's Quotes , Please feel free to post more , and I'll make sure to add them to this list ...let's ma...
-
A very strong debate yesterday on MSNBC between Peter Schiff and the host on the Ed show on two major topics the healthcare reform and the s...
-
as you may have noticed it this morning many blogs hosted on blogger including mine were reporting this strange Error bX-r1ezpk ... fortuna...
-
Peter Schiff : We need to have a Massive Recession and Peter Schiff: Why College Tuition Is So Expensive Lessons from the Crisis: The Limits...
-
President Obama delivers his weekly address to the nation announcing many cuts in the federal budgetWhat do you guys Think of this ???
-
The Fed is Creating Inflation lenders will demand higher interest rates to compensate ....The Fed is destroying private sector lending - The...