Receive These Posts via email:

Friday, April 8, 2011

Peter Schiff Gold should be reinstated as Global reserve currency

Peter Schiff Gold should be reinstated as Global reserve currency




Peter Schiff : The problem for the global economy is the dollar the dollar is serving as the reserve currency and that is the problem because the dollar has no intrinsic value on its own , before the dollar became the world's reserve currency Gold was the reserve , and gold has intrinsic value , you cannot simply create gold out of thin air it cost a lot of money to find it and extract it from the ground and so it's scarce and it has real value , but you can print money out of thin air as Ben Bernanke has been doing and the United states has abused the privilege of issuing a reserve currency and we are exporting our inflationary irresponsible monetary policies all around the world and we are poisoning the global monetary system
Peter Schiff Gold should be reinstated as Global reserve currency

No comments:

Post a Comment

PETER SCHIFF BLOG

Popular Posts This Month

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.