In his very latest video blog Peter Schiff talks about the falling US dollar and the economic recovery that is happening in other parts of the world particularly the Asian stock markets. The US dollar is taking a battering and has hit it’s lowest levels since September last year, with the amount of paper the US government has printed the devaluation of the US currency is happening quickly. The impications of a falling US dollar are serious, inflation, higher interst rates and an economy in much worse shape than it already is.
The unsustainable American way of life.
August 3rd, 2009 · 1 Comment · News
Tags: economy·Peter Schiff·Shiff report
1 response so far ↓
1 Mr William Grover-Dean // Aug 3, 2009 at 6:10 pm
Peter Schiff has the right idea when he speaks of bloated government. I don’t know how you go about finding a cure for that disease! No only is the US government bloated but it’s also making plenty of mistakes in relation to the economy.
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