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| English: Peter Schiff speaking (Photo credit: Wikipedia) |
While there is no guarantee of how long this program will extend, it can be said with certainty that the U.S. dollar will suffer for as long as the Fed chooses to dilute the money supply. In fact, Peter Schiff went as far to say that we are moving towards a currency crisis with the rampant printing. “This is a disastrous monetary policy; it’s kamikaze monetary policy” said Schiff. Mr. Schiff went on to state that he feels that what our economy truly needs is less money printing and higher interest rates, although Bernanke’s pledge to keep rates at near zero levels through 2015 leaves little hope for that.
As the dollar continues to weaken, one asset class in particular will begin to look very attractive, commodities. These hard assets are among the best in the financial world at providing a hedge against inflation as well as a weakening dollar. It is widely agreed that at some point in the near future, all of the money printing combined with our massive debt will lead to hefty inflation, making commodities a great long-term buy right now. Below, we outline several funds to help you take advantage of a flailing greenback [see also Why QE3 is Just Delaying the Inevitable]. ... Continue to read.
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