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October 19, 2010

The Average American Is Going To Have To Suffer Because He’s Going To Be Spending A Lot More For Food And Energy In The Future

“The Fed is flooding the world with cheap money and the speculators who get the money are profiting, but the average American is going to have to suffer because he’s going to be spending a lot more for food and energy in the future.”

in Videoblog

Related ETFs: United States Oil Fund LP (ETF) (NYSE:USO) , iPath S&P GSCI Crude Oil Total Return (NYSE:OIL), PowerShares DB Agriculture Fund (NYSE:DBA), Powershares DB Base Metals Fund (ETF) (NYSE:DBB), United States Natural Gas Fund, LP (NYSE:UNG)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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