Yellen: Higher Inflation Coming

The only thing Janet Yellen is going to succeed in doing of all the things she wants to do, she wants to help the economy, she wants to create jobs - she is going to fail these. The only goal that she is going to succeed at is raising inflation. Because there will be a lot more inflation thanks to Janet Yellen. And its not going to stop at 2 percent. But I can only imagine how high inflation will actually be if the official numbers were at 2 percent.

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.