Stockman Is Right: Economy Is Broken (Video)

In his latest video blog, Peter Schiff defends David Stockman’s recent NY Times op/ed. Peter explains why gold didn’t respond realistically to the latest jobs numbers, and why that poor data is only the beginning of the illness brought on by government stimulus and the Fed’s endless quantitive easing.

“What is ultimately going to bring the QE to an end is not because the economy picks up, but because the dollar collapses. That’s what’s going to put an end to the Fed’s party: When the money the Fed prints isn’t buying very much, because nobody wants it anymore… [Because] more people understand what David Stockman had to say…”