It’s Going To Hit the Fan
Peter Schiff schools a talk-show guy about inflation and gold
February 21, 2013
Euro-Pacific Capital president, Peter Schiff squares-off with Stuart Varney on Fox. Peter tells him that inflation is driving the stock market higher, as well as gas and food prices and pretty soon people are going to realize that it’s a lot worse than the government has let on. In fact, inflation is the new monetary policy. But reality is going to catch up. Furthermore, government doesn’t acknowledge the pain consumers feel, but continues to try to hide the damage with its phony CPI numbers.
Peter predicts that it will hit the fan in el presidente’s current term, probably in 2013-14 with currency and sovereign debt crises – then watch the price of gold really go up. (5:20)