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Monday, January 3, 2011
Dollar Collapse? - Peter Schiff -Comes Clean on Fiat Currency!
Peter Schiff gives a dose of honesty to what is driving the economy. The Fiat currency created by the Federal Reserve. They electronically increase the money supply which devalues the US dollar. Meanwhile the international bankers borrow the cheap US money and invest in Chinese stocks and other commodities. Inflation is now hitting American soil as seen in the soaring price of Gold to over $1400. Now oil is headed into the $90 a barrellrange. Soybeans have reached an all time high of $14 a bushell. Unemployment remains at the govetnment reported 9% range. Outside anylayst see it closer to 22%.
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