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February 28, 2011

I Don`t Think The Real GDP Is Growing

I don`t think the real GDP is growing, I think what is happening in the US is that our money is losing value and so it looks like the economy is growing because we have a lot of inflation but its not real economic growth. If we had genuine economic growth you would be seeing increases in real wages. - in schiffradioshow

Related: SPDR Gold Trust (ETF) (NYSE:GLD)

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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