Warm Weather, Cold Economy (Video)

Have you bought into the hype that the US economy is recovering? Last week’s jobs numbers were supposedly positive, obscuring the underlying reality of a struggling economy. In his latest video blog post, Peter Schiff picks apart the economic data from last week to reveal that not everything is as rosy as the Federal Reserve would like us to believe.

“The fact that we’re hitting 4-year lows against the pound shows you how much confidence currency traders have in the Fed’s forecast. Meanwhile, look at the price of gold, hit a 3-week high today… If I’m correct on what the Fed is going to do, if I’m correct about the real state of the US economy, gold is not just going to rise, it’s going to take off.”

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