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Fed is Lying... They Can't Stop New Rounds of QE

Written By Brian Hicks

Posted May 18, 2011

Buy the hell out of silver and gold. Short the hell out of the dollar.

Some one has finally agreed with us that Bernanke is a fool…

And that “some one” is Peter Schiff.

According to reports, Schiff, “attributed the recent rise in the dollar to a lot of investors rethinking their optimistic growth assessments and selling their positions in gold, commodities and emerging markets and buying back dollars. Schiff didn’t back off from his short position on the dollar. He said weak economic data will lead to higher prices for precious metals and a weaker dollar. He said the Fed has no recourse but to continue quantitative easing to avoid an economic collapse.”

Here’s the video with more…