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US GDP is a lie and inflation is going much higher claims Peter Schiff

Posted on 22 August 2013 with 2 comments from readers

Controversial money manager Peter Schiff reckons that the GDP of the US is closer to $13 trillion than the official government number of $16.6 trillion. That’s the true impact of the recession and the surge in food stamp claimants.

He thinks the US will have no alternative but to print a great deal more money and drive inflation higher to pay off its debts…

Posted on 22 August 2013 Categories: Banking & Finance, Bond Markets, Investment Gurus, US Dollar, US Stocks, Video Channel

2 Comments posted by readers:

Comment by Andy - 24 August 2013

He is correct about the bad economy but with that in mind and him saying that they will need to print more money which also means that QE will not go away and with QE not going away that means that the market will not crash.

We all know that QE supports higher Gold and Silver prices and a stronger Dollar. So it is possible that we see a stronger Dollar,bounce in Gold and Silver prices due to QE not going away this September.

Comment by Jon - 25 August 2013

How can you stop to QE when you have almost 50,000,000 Americans on some kind of government subsidies. Who else is buy our treasuries except the Fed? The game is coming to an end.

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