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In a Forbes article, Schiff warns of massive inflationary pressures below the surface as consumer prices continue to climb despite the current deflationary collapse.
Notwithstanding yesterday's Fed decision to print another $1 trillion, Schiff specifically addresses the CPI, stating, "Prices should really be falling right now. That would actually be healthy...Consumer prices are supposed to fall in correlation with a loss of income and assets."
In the article, Schiff points back to the Great Depression and asks, "How much worse would it have been if prices had been rising?" After yesterday's disturbing decision to print another $1 trillion over the next few months, we may find out a lot earlier than expected.
Read the article here.