SchiffRadio Podcast Episode 24

The Peter Schiff ShowBig News out of the Central Banks

  • U.S. FOMC
    • Primary concern – inflation is too low
    • no policy to “correct” the problem
    • Preparing markets for additional stimulus
  • Japanese Central Bank Doublespeak
    • Japanese sales tax hike postponed
    • Continued calls for more inflation
    • Why is sales tax is different than inflation?
  • Euro Decline
    • Mandating “stability” by increasing inflation?
  • Chinese Central Bank
    • Cut interest rate to 5.6%
  • Money flows to the dollar as a hedge because the market believes the Fed
  • Gold has not dropped much against the dollar and has risen against other currencies