american cousins

11/1/2007-Peter Schiff Interview Glenn Beck Show

Cheaprealty presents:

Housing foreclosures up 100% compared to last year, and months of falling prices.

Fears lead to a rate cut, which now causes a virtual free fall of the US dollar.

Oil is now at record highs in US denominated prices - in other words, while it might be the same price in Europe and Canada after currency is adjusted, in the US it is getting more expensive.

The world is not buying US debt anymore - oh no, what can we do Peter Schiff?

How do these coexist: a 40% drop in the value of the dollar along with 1% inflation? What?





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