Apr 2, 2014

Inflation Is Going To Wipe Out The Savers

Inflation is going to wipe out the savers. When the government wants to wipe out their debt they are wiping out someone else`s assets. If the governments were going to allow deflation and they were going to default then being a saver would be a good thing unless of course you were a saver in one of the institutions that failed and there is no bailout.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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