Peter Schiff comments on the dollar hitting a new low today as the Euro and the New Zealand dollars are having record High days. This could be due to people anticipating any announcements from the G20 in Pittsburgh that could have a negative effect on the dollar.
Schiff comments on the hypocrisy of the government, for encouraging Americans to save more money and cut spending. While running massive budget deficits themselves. No matter how much we save we can’t offset the 2 trillion dollar budget deficit. If Americans save but the government borrows more, then it cancels it out.
Add A Comment