Monday, August 8, 2016

Why the Central Banks want to create inflation

They want it to wipe out government debt; they want it to prop up asset bubbles… they want to lower wages through inflation because of asinine minimum wage laws or things that unions do to artificially drive up the cost of employment. 

So there’s all sorts of secret reasons why central bankers want to create inflation, but they don’t want to level with the public as to why they’re doing it so they make up this nonsense about how it’s a good thing and we need it for the economy.

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