In his latest video blog post, Peter Schiff analyzes Janet Yellen’s first press conference as Federal Reserve Chairman. Peter argues that either the Fed is clueless about how poor the economy really is, or they are bluffing. Either way, Yellen has more or less guaranteed that inflation is here to stay, which is great for gold investors.
“Quantitative easing [is] not the training wheels. Quantitative easing is the only wheels on this economic bike. That is why the Fed cannot take them off. They might bluff about taking them off, maybe they’ll let a little air out of the tires temporarily… But they are going to abort this [tapering] mission. They are going to quickly pump air back into those tires to keep this economic bike rolling forward… Where is this bike headed? The bike is going to go over a cliff.”
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Yellen Is Driving the Economy Over a Cliff (Video)
In his latest video blog post, Peter Schiff analyzes Janet Yellen’s first press conference as Federal Reserve Chairman. Peter argues that either the Fed is clueless about how poor the economy really is, or they are bluffing. Either way, Yellen has more or less guaranteed that inflation is here to stay, which is great for gold investors.
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!