Friday, September 6, 2013

Inflation Numbers Are Going to Get Bigger

“So, when interest rates go up because the world realizes we have too much debt relative to the size of our economy, consumers can’t spend any-more and now the economy collapses in size and the debt balloons . . . This is a huge, huge crisis. The question is: When is it going to come to a head? I think it’s a lot sooner than anybody thinks” Schiff predicts, “It’s going to be harder and harder for the U.S. government to borrow money from abroad which means the Fed is not going to be tapering. They’re going to print more and more money to buy the bonds nobody else wants. That means the inflation numbers are going to get bigger, and the government is going to have to lie even more.”

- Peter Schiff via USA Watchdog: