Nov 21, 2013

We Are Going Get More And More QE Until We Overdose

The problem is we are not going to grow the economy, we are not going to create jobs by creating inflation, by debasing our money. It might make the stock market go up, it might make the real estate market go up and so we can delude ourselves into thinking that we are actually growing the economy but we are just blowing the bubbles and growing the debt. And because the economy will never recover, because the Fed won`t allow it to restructure, then the unemployment picture will continue to get worse, which means that we are going get more and more QE and they are going to keep on increasing the dosage until we overdose.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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