Monday, December 22, 2014

Russian Ruble worries are not the real worry

Right now people are worried about the Russian Ruble. That’s just the warm-up. The main event is going to be the dollar crisis, and when our currency starts to collapse it’s going to be much more problematic.

What’s going to be an even bigger negative is when the Federal Reserve comes back with their monetary guns blazing and they launch QE4. 

Then the oil price is going to rise to an even higher level than it fell from and that’s going to be very bad for consumers who have to pay a lot more for oil and everything else.”

Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009