Volatility is just part of the market, says Euro Pacific Capital President Peter Schiff. While speculation could smooth this out, however, that isn't the case right now. Irresponsibly money printing is damaging the dollar, and as currency is continued to be produced in America and elsewhere, commodity prices have nowhere to go but up. While the World Bank says the global economy is climbing itself out of a financial crisis, Schiff says he isn't so certain.
Thursday, May 19, 2011
Peter Schiff: "We're selling our souls to the devil"
From: RTAmerica | May 18, 2011
Volatility is just part of the market, says Euro Pacific Capital President Peter Schiff. While speculation could smooth this out, however, that isn't the case right now. Irresponsibly money printing is damaging the dollar, and as currency is continued to be produced in America and elsewhere, commodity prices have nowhere to go but up. While the World Bank says the global economy is climbing itself out of a financial crisis, Schiff says he isn't so certain.
Volatility is just part of the market, says Euro Pacific Capital President Peter Schiff. While speculation could smooth this out, however, that isn't the case right now. Irresponsibly money printing is damaging the dollar, and as currency is continued to be produced in America and elsewhere, commodity prices have nowhere to go but up. While the World Bank says the global economy is climbing itself out of a financial crisis, Schiff says he isn't so certain.
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