Yesterday, on Business News Network, Peter Schiff spoke about the disastrous consequences of choosing Janet Yellen as Chairman of the Federal Reserve. He also explained why government spending should be dramatically cut, rather than raise the debt ceiling. If you agree with Peter that the US is on the road to ruin, consider diversifying out of the US dollar – buy physical gold and precious metals.
“[Yellen’s] going to spike the punchbowl with even more alcohol. She’s going to take the $85 billion a month in QE that we’re getting now and she’s going to take it up a few notches… She’s going to resist the cure as long as possible. She actually thinks inflation is good, that you create prosperity and growth and jobs by debasing money. So this is a very dangerous person at a very dangerous time to be heading a very dangerous institution like the Fed.”
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