Fed Stimulus Is Blowing a Dow Bubble (Video)
CNN’s The Lead spoke with Peter Schiff today to get his thoughts on the new highs in the stock market. While stocks might be performing better than government bonds or cash, Peter explains that they will plummet as soon as the Fed can no longer print money. If you want to avoid the crash, consider safe hard assets like physical gold and silver.
The rise in the stock market is not because of a good economy, but because of bad monetary policy. What’s driving the rally is the Fed pouring all this cheap money into the market. But if they ever do the right thing and turn those spigots off, the market is going to come crashing back down… The people who should be the most worried are people with cash in the bank, the people who own government bonds.”
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