November 11, 2010

This Is A Ponzi Scheme.

“He’s monetizing government debt. He’s going to destroy the dollar. The only way that we can pay off maturing debt is by selling new debt. That is a Ponzi scheme pure and simple.”


Schiff argues that we need every ounce of gold at Fort Knox, especially for when the dollar collapses. “The countries that are going to dominate the world are the ones that have the most gold,” he comments.

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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