Wednesday, October 26, 2016

Why is the pound so weak?

The Bank of England was very forthright, they wasted no time in warning voters not to vote for Brexit as it would be a disaster for the British economy.

Well, sure enough, the people voted for Brexit, and so now, it is a self-fulfilling prophecy. The central bankers in Britain had convinced themselves that the economy would require stimulus, and therefore announced an increase in their QE program

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