Peter Schiff educates Erin Burnett and Mark Haines on the U.S. dollar and the value of gold

Peter Schiff explains how we got into this financial crisis and how "Obamanomics" is likely to make the situation worse. He predicts that Obama will try to revive the housing bubble and try to jump start consumption. He thinks $1 - $2 trillion dollar deficits are going to be the norm for the next few years.

I'm wondering where is all of this money going to be coming from? There is no way that all of our creditors combined can come up with $2 trillion/year. So that leaves us with one option: monetize the deficit with the printing press.

This is how all hyperinflations begin.

Welcome to Hyperinflation Nation!

I've created this blog as a forum to share articles relating to the financially ruinous policies that our country is implementing. Despite the deleveraging that has taken place over the past few months and the pundits' claims that we are experiencing deflation, monetary inflation is actually raging like never before. As a result of our government's decision to throw money at each emerging problem, as opposed to allowing debt to be liquidated, it seems clear that we are headed for serious inflation in the coming years. I will be posting articles related to gold, silver, energy, currencies, and other relevant topics. I will provide my own commentary and I invite others to share their comments as well.