Euro-Pacific
Capital president, Peter Schiff squares-off with Stuart Varney on
Fox. Peter tells him that inflation is driving the stock market
higher, as well as gas and food prices and pretty soon people are
going to realize that it's a lot worse than the government has let
on. In fact, inflation is the new monetary policy. But reality is
going to catch up. Furthermore, government doesn't acknowledge the
pain consumers feel, but continues to try to hide the damage with
its phony CPI numbers.
Peter predicts
that it will hit the fan in el presidente's current term, probably
in 2013-14 with currency and sovereign debt crises – then watch
the price of gold really go up. (5:20)
