For the record, I agree with Peter Schiff. I think there is little that can be done at this point to save the strength of the US dollar over the long term, even if the administration wanted to (which they don't). And I think the effect of that is exactly what he says it will be.
But you need to be a little careful how you say things like this. You quickly reach a point where people will dismiss you, not because of the facts you present, but because of the emotion with which you convey them. Glenn Beck has exactly the same problem. And if you aren't convincing anyone other than those people who already agree with you, then why bother to say it in the first place?
Peter Schiff is a very smarty guy who (I believe) accurately sees what's happening in America. But I think he'd convince more people he's right if he just turned it down a notch.
With all that said, if you're a regular guy who wants to save his family's future, you should go out there and borrow lots and lots and lots of money, and use it to buy hard assets. Inflation can be thought of as a reverse interest rate that punishes lenders and rewards borrowers. That makes it sound like good medicine to team Obama.
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