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Letter Re: Peter Schiff's Commentary--"Not Your Father's Deflation"
Greetings!
Here's some
more 'great' news [from Peter Schiff, by way of Kitco.com] for the coming economic
crash.
Thanks to 'fiat currency,' this [nascent] economic disaster
won't be nearly as "mild" as
the Great Depression, because consumer prices will rise, and,
our worthless money will de value at the same time! At least in the 30's, the
gold standard
that backed the US dollar, made it hold value - even if there
were fewer in circulation. Ditto silver & gold coins, that were still worth
something (I found your blog late, and got started late, but
I'm buying junk silver coins
and the occasional gold one as fast as I can!!!) Don't guess we'll have to
worry as much about toilet paper as we thought, after the economic SHTF -
'Helicopter Ben' [Bernanke] will print us wallets full of toilet paper!
- Bob McC in Pittsburg
