Schiff on This Week in Money
Phil Mackesy interviewed Peter Schiff on This Week in Money last weekend. Their conversation covered a lot of ground, from misguided Canadian and Japanese monetary policy, to Jack Lew and the US dollar’s recent decline against the euro.
“There’s a new rumor that [Japan] wants to start buying another $500 billion of our debt. That’s their stimulus plan. Print money and loan it to us. Loan it to America so we can blow it. And somehow their own country is going to be more prosperous because they squander hundreds of billions on US Treasuries. Look, the whole world has gone insane…
When you hear people like Obama talk, or Geithner, you want to buy even more [gold]. You can’t trust a politician with a printing press. These central bankers are going to destroy the currency all around the world. It’s important people buy gold and silver while they still can afford it. Before the price takes off.”
Listen to Peter’s Interview Here
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