Monday, February 28, 2011

Peter Schiff on CNBC: Inflation, the collapsing US Dollar and rising interest rates in other countries

Peter Schiff comments on the sweeping inflation raging around the world and the impact it is going to start having on the US dollar. As we have been talking about on this blog for the past year, inflation - not deflation - is going to be our central story.

Speaking of other nations raising interest rates, Russia unexpectedly raised their prime rate again. It now stands at 8%.

And as Schiff says... higher rates will becoming to North America before long.



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