Before It's News | Popular Money
Bernankes Hidden Hint Of The Coming Economic Collapse
by Phoenix Capital Research July 18, 2013 Today marks the final day of Bernanke’s testimony to Congress. Highlights from the first day of testimony and Q&A include: Q: Are You Printing Money? Bernanke: Not Literally Amazingly, no one said anything after this comment. But far more importantly was the last statement made by the Fed Chairman, “If we were to tighten (monetary) policy, the economy would tank.” Tightening monetary policy means if interest rates rise.
Peter Schiff: I Think The Dollar Is Going To Collapse Before The Market Does
July 18, 2013 | By Tekoa Da Silva Bull Market Thinking I had the opportunity this week to reconnect with Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital. It was a powerful interview, as Peter indicated the Fed is trapped in a long-term position of destroying the dollar, while mainstream voices cheer resultant new highs of the stock market. Such dollar debasement Peter explained, means “the price of gold is going to skyrocket”—once the negative propaganda wears off. In response to this week’s conflicting policy statements issued by the Fed, Peter said, “They checked into the ‘Roach Motel’ of monetary policies because they can get in—but there’s no way to get out.
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