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A new poll by McClatchy-Marist reveals that Americans are increasingly aware of the inequality of the US economic system. Further, they don’t think it’s getting any better. They expect the next generation to be worse off than they are, and the majority doesn’t think the government’s policies are helping.
“‘The poll really explains why people are feeling on the sidelines and so despondent,’ said Lee Miringoff, the director of the Marist Institute for Public Opinion in New York.
Polling has found that most people are wary of whether Washington can assist, but the new survey has constituents questioning whether any part of the American system can be a big help.”
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Peter Schiff has no love notes for the US economy this Valentine’s Day. On CNBC, Peter tears into the atrocious policies of Fed and the phony recovery in the United States. One of the only bright spots is the recovering gold market.
“[The gold market] has really turned around in the last week or two, and I expect to see much higher gold prices in the weeks ahead as people get their arms around the true predicament that we have in the US, which is that we’re headed right back into recession.”
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Yahoo’s Daily Ticker asked Jim Rickards what his impressions were of Janet Yellen’s first press conference. Like Peter Schiff, Rickards sees the Federal Reserve as an incompetent economic forecaster and expects that Yellen will be forced to at least stop the taper by the middle of the year.
“My point is, the Fed has a terrible forecasting record. They don’t see bubbles. They’re always surprised. And as far as continuity is concerned – continuity to me means, they’ve been making it up for the past five years, they’re going to keep making it up.”
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In his latest video blog post, Peter Schiff looks at last week’s jobs numbers and gold’s rally thus far in 2014. He also comments on Janet Yellen’s press conference and her obvious lies about the effects that Fed policy is having on the economy.
“Wall Street is still extremely skeptical of gold’s rally. Everybody expects that this rally is a head fake, that it’s going to reverse, and that gold is still headed much lower in 2014. I think that a lot of people that are anticipating lower gold prices are going to be surprised.”
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Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
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Interested in learning about the best ways to buy gold and silver?
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The Gold Market Is Going to Crash…Up! (Audio)
Peter Schiff was interviewed by Andy Duncan on Casey Research’s Sound Money podcast. They talked about the effect a higher minimum wage would have on the dollar, the inability of the Federal Reserve to completely end quantitative easing, China’s appetite for gold, and the future of the yellow metal in 2014.
Listen to the Full Interview Here
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