Podcast: Play in new window | Download
Standard of living and quality of life are not the same.
“It’s not that the stock market is gaining value… it’s that our money is losing value. And so if you have a debased currency… a devalued currency, the price of everything goes up. Stocks are no exception,” Peter Schiff
“The Fed knows that the U.S. economy is not recovering,” Schiff said. “It simply is being kept from collapse by artificially low interest rates and quantitative easing. As that support goes, the economy will implode.” Peter Schiff
Devalued currency is a result of inflation. Inflation is The Fed printing money at will. This is an intentional tax.
Why should you care? Your stock goes up in price and you falsely believe it’s a good thing. How many hours are you willing to work to buy a loaf of bread?
Resource:
The Money Morning
Give us a call on our voicemail listener feedback line at 615-200-7189 or drop Greg an email at:
greg [at] debtshepherd [dot] com
