Retirees Are the Casualties of the Currency War: Schiff | Breakout - Yahoo! Finance

Retirees Are the Casualties of the Currency War: Schiff | Breakout - Yahoo! Finance

First of all, Peter Schiff is a libertarian who believes that racism should be a civil right, similar to views held by Rand Paul. This is wacko. The only reason he gets heard is because Schiff is in the 1 percent, IMO.

As far as the currency is concerned, that is small compared to the massive speculation that is occurring with the Fed's easy money. It pushes up the price of things that directly impact folks on fixed income.

Yes, currency wars don't help, but they aren't as bad as the easy money that goes into banks who speculate in futures contracts, driving the price of those underlying commodities up. Scarcity is in the contracts, not in the underlying commodities. 

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