Message:

<p>[QUOTE=&quot;Bluesboy65, post: 1151812, member: 23329&quot;]Peter Schiff getting completely blown off on CNBC as he discusses the magnitude of rate hikes required to control inflation:</p><p><br /></p><p><a href="http://www.bullsource.com/peter-schiff-on-silvers-huge-q1-gains/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bullsource.com/peter-schiff-on-silvers-huge-q1-gains/" rel="nofollow">http://www.bullsource.com/peter-schiff-on-silvers-huge-q1-gains/</a></p><p><br /></p><p>Interesting that they don&#039;t really argue with his point but pooh pooh it and move on.&nbsp; As many have posted here, the Fed has it&#039;s back against the wall with only two options 1) prevent failed treasury auctions by continuing to buy our own debt or 2) end the program and hope that the immediate double or triple in bond yields is enough to attract reluctant buyers and hope this is enough to prevent default.</p><p><br /></p><p>Profligate money management in Washington has lead us to this point and there is no real solution that does not involve significant pain.&nbsp; I&#039;m glad I have some PM&#039;s to soften the blow.&nbsp; :hammer:</p><p><br /></p><p>Regards,</p><p><br /></p><p>Bluesboy65[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in