May 3, 2012

The Only Thing Propping Up Our Phony Economy Is Zero Percent Interest Rates

The Fed knows the only thing propping up our phony economy is zero percent interest rates and quantitative easing. And I think when the market figures this out, it’s going to put even more pressure on the dollar. - in CNBC

Related: PowerShares DB US Dollar Index Bearish (UDN), SPDR Gold Trust ETF (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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