Unfortunetely, Obama thinks that if we just print enough money and put it into the banking system the banks are going to make the loans and we are going to have economic growth.
We are not going to have anything but inflation. The only result of the president`s policies is going to be massively and unprecedented inflation in the United States.
Peter Schiff is the President and Chief Global Strategist of Euro Pacific Capital. As a result of his accurate forecasts on the U.S. stock market, economy, real estate, the mortgage meltdown, credit crunch, subprime debacle, commodities, gold and the dollar, he is becoming increasingly more renowned.
He has been quoted in many financial TV channels and newspapers like The Wall Street Journal, Barron's, Investor's Business Daily, The Financial Times, The New York Times, The Los Angeles Times, The Washington Post, The Chicago Tribune, The Dallas Morning News and appears regularly on CNBC, CNN, Fox News, Fox Business Network, and Bloomberg T.V..