If and when inflation kicks in the way Schiff and others predict, the problem gets even worse. Suddenly nest eggs will have almost no buying power, those who borrowed recklessly get rewarded, and the economic world as we currently know it becomes a much more complicated and unpleasant place.
Other countries have now gotten on board the debasement bandwagon but Schiff says they won't be able to compete with the U.S. for long.
"We're going to win the war which means Americans are going to lose," he concludes.
*****
Ok, Schiff.. if you are correct... Then what's the freaking point of saving your dollars now. The only way to win is to leverage heavily into assets you can enjoy now... borrow as much as you can NOW... and try to ride it out paying back the bare minimum while your still alive.
http://finance.yahoo.com/blogs/breakout/retirees-casualties-currency-war-schiff-170912176.html
If and when inflation kicks in the way Schiff and others predict, the problem gets even worse. Suddenly nest eggs will have almost no buying power, those who borrowed recklessly get rewarded, and the economic world as we currently know it becomes a much more complicated and unpleasant place.
Other countries have now gotten on board the debasement bandwagon but Schiff says they won't be able to compete with the U.S. for long.
"We're going to win the war which means Americans are going to lose," he concludes.
*****
Ok, Schiff.. if you are correct... Then what's the freaking point of saving your dollars now. The only way to win is to leverage heavily into assets you can enjoy now... borrow as much as you can NOW... and try to ride it out paying back the bare minimum while your still alive.
Sounds like a plan!