For the latest Peter Schiff, go to PeterSchiffBlog.com – The big news this week was the surge of the Euro, especially the Euro vs the Dollar. The market will probably shift to focus on the problems in the United States rather than in Europe. Normally gold and the Euro go in the same direction, but this time they went in opposite directions. This is rather bullish for gold and silver. The 30 year yield closed at an 8 month high. There is both a falling dollar and falling bond prices. This shows that there is a serious inflationary problem. Everyone is beating up on China for being currency manipulators. The Chinese are pegged to the dollar, and the are manipulating their currency in order to maintain a stable relationship with the dollar. When they first pegged their money to the dollar, it was a prudent choice. At the time, the dollar was extremely stable and was backed by gold. A stronger Chinese currency means that prices in China will fall. The Chinese people will be able to purchase more goods and enjoy a higher standard of living. However, the reverse is true in the United States. The weaker dollar means that all the citizens will have less purchasing power. This will lower their standard of living. The radio show will no longer be live. Instead, it will be broadcast earlier and syndicated. You can listen streaming live online. With a premium membership, you can listen to the shows without any commercials.
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My new LEGO Agents 2.0 review on River Heist. 203 pieces US dollars