October 4, 2012

The Policy Of The Fed Is To Debase The Currency

While I believe the Fed's plan will be a disaster for the economy, the silver lining is that it provides investors with a road-map. As the policy of the Fed is to debase the currency, those holding dollar based assets may seek alternatives in hard assets and in the currencies of the few remaining countries whose bankers have not drunken so freely from the Keynesian Kool-Aid. We believe that such opportunities do exist. - in The Global Investor Newsletter 

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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