...

March 3, 2011

We Print Money To Buy Stuff The Rest Of The World Produces

“We have this phony economy that is based on the dollar being the reserve currency. It’s based on our ability to print money and buy stuff the rest of the world makes and to borrow what the world saves. But that is coming to an end because it is exerting huge consequences, huge costs on the rest of the world.” - in CNBC

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.
eXTReMe Tracker