Jun 3, 2014

Central Bankers: "We Need More Inflation!"

I have never seen a situation where politicians and bankers would publicly admit how much they want to create inflation. See, they normally want inflation but normally they are not honest about it. They lie about it, they don`t even like to use the word inflation. They say, monetary stimulus, we need a demand boost or they have some kind of code word for inflation, I mean, Quantitative Easing, that is an euphemism. The government wants inflation but they call it quantitative easing.

But this is the first time that you really see politicians and more importantly central bankers, the people who are theoretically been entrusted to safeguard the purchasing power of our money, these guys are now saying that we need more inflation.

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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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