Financial manager Peter Schiff of Euro Pacific did a video blog yesterday on the Fed currency intervention, and start of backdoor QE3 to the markets. In understandable terms, the repurcussions will result in this: The dollar will weaken, inflation will rise, and gold will soar. Gold was up more than $30 today, and the dollar got crushed.
Here is the 5 minute video blog.
Thursday, December 1, 2011
Peter Schiff explains in easy terms what QE3 and the Fed's intervention will do
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