We ran into Peter Schiff
earlier today. He was answering questions from the group. He’s not
convinced that the real estate boom we’ve been seeing is for real. He
thinks it’s all part of the funny money Ponzi scheming Federal Reserve
plot to make us all believe that things are better than they appear to
be. Inflation is roaring along at nearly 6 percent, notwithstanding the
government’s claims that it’s less than 2 percent. Interest rates have
no where to go but up and this will eventually cause real estate prices
to crater.
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