Rising food and commodity prices have the world on edge.
Food prices are up 25% around the globe. Oil is nearing $100-a-barrel. Steel prices are expected to jump 66% this year. And, gold, well, that’s been on a tear for more a decade.
If that happens, “the U.S. had better brace itself,” says Schiff. “It will unleash an inflationary nightmare here in the United States.”
"As the Chinese currency increases in strength, the dollar must decrease," he explains. "And, so Americans [would] experience higher prices, falling purchasing power and a lower standard of living.”
发表于 2011-1-24 15:43
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发表于 2011-1-24 16:42
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