PETER SCHIFF

PETER SCHIFF

Friday, March 2, 2012

Peter Schiff : Secret QE3 by the FED ongoing

Peter Schiff : "They're doing QE3 whether they state it or not,"
"If the Fed admits it's printing all this money, then the dollar is going to fall even faster [and] oil will rise even faster. The Fed wants to create inflation, it just doesn't want to be forthright about it."
"The economy is doing lousy," he says, dismissing Wednesday's upward revision of fourth-quarter GDP and declaring inflation as closer to 10% vs. 1%. "The economy is contracting, that's one of the reasons there's no jobs."
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