Inflation is going to wipe out the savers. When the government wants to wipe out their debt they are wiping out someone else`s assets. If the governments were going to allow deflation and they were going to default then being a saver would be a good thing unless of course you were a saver in one of the institutions that failed and there is no bailout.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Apr 2, 2014
The Dangers of Removing Monetary Accommodation To Slowly
What Janet Yellen wants to do is to remove the punch bowl very, very slowly so as not to abruptly end the party. That is exactly what Greenspan did. He inflated a big bubble and he thought if he let the air out gently that there would not be any kind of adverse consequences. He was wrong.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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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