| Visitors Now: | |
| Total Visits: | |
| Total Stories: |
Schiff: ‘The Pound Gets Pounded’ and Gold Will ‘Hit the Fan’ During Obama’s Second Term
Schiff: ‘The Pound Gets Pounded’ and Gold Will ‘Hit the Fan’ During Obama’s Second Term
As the global currency war intensifies, the majority of attention has been paid to the 17% fall of the Japanese yen against the U.S. dollar over the past few months. The implosion has given cover to the sad performance of another once mighty currency: the British pound sterling. But in many ways the travails of the pound is far more instructive to those pondering the fate of the U.S. currency.
Japan has a unique economic and demographic profile which makes it a poor stalking horse. Newly elected Prime Minister Shinzo Abe and the Bank of Japan have clearly and forcefully committed Japan to a policy of inflation at any cost.
Read More>> http://economicrisis.com/schiff-the-pound-gets-pounded-and-gold-will-hit-the-fan-during-obamas-second-term/540
