Peter schiff disagrees with the Dow's new record and economy growth. What do you think the future holds for america? http://www.youtube.com/watch?v=BeE-Y2Ji-oA
Printing money = diluting the value of fiat. 0% interest rates = People who have money in the bank don't get interest on their accounts. Increased prices for food, fuel etc has a direct effect on day to day living for all people. The senior citizens or retired, who are either self-funded retirees, or those getting some of their tax back through Government pension schemes are especially affected. The Dow is in a bubble due to 0% interest rates which imo makes the stock market look great but if the cheap money (0%) is cut off the market could topplewhen interest rates are increased. When the market crashes, you'll see people who have borrowed that cheap money up-to-their eye-balls try to exit the market; there will be a huge volume of market calls and those who had faith in the market will have their funds wiped out. You could say that self funded retirees who have invested in the Market and the clever high flying middle class who have those great jobs who have borrowed heaps will have their wealth taken away in a similar fashion to the 1927 collapse. Only thing now is...every thing is electronic, so the market can and will collapse quicker. Imo it's going to be a catastrophic sell-off that will plunge the USD to all time lows. A crash in the dollar = A huge uptrend for precious metal, especially silver. When it will happen no one knows! But you can bet your balls it's going to happen. DYODD. H
