Nobody seems to be concerned about the actual problem, which is that inflation will stay high but the Federal Reserve will do nothing. That is the real problem, that the Fed will ignore inflation while it gets worse and worse and worse. Because the fact of the matter is, they can`t raise interest rates without collapsing the economy.
Related: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), SPDR S&P 500 Index ETF (SPY)
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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- Yellen: Blowing Air Into Bubbles
- A Collapse is Coming.
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- Painful Inflation
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- The Fed Will Ignore Inflation Because They Can`t R...
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