Saturday, September 5, 2009

Peter Schiff, September 2, 2009

Peter Schiff commentary on the divergence of gold and equities. He sees people fearing inflation, I see a lack of confidence in our government. They are two different things but may look similar in the beginning. TOTAL credit, leverage, and money is SHRINKING, thus deflation is occurring now, despite what you see in the money supply charts and is why so many have gotten the economy and markets wrong. Inflation may come later, but my take is that will happen only if our currency survives in its present form for that long.