Prices Headed for Stratosphere as Dollar Crumbles

From MoneyNews.com:

Euro Pacific Capital CEO Peter Schiff says if the Federal Reserve keeps printing money, greenbacks will become about as useful as toilet paper and prices will soar.

“If people think that gas prices are high now and that food prices are high now, just wait for another couple years,” Schiff tells The Daily Ticker. “[Prices] are going to be up in the stratosphere.”

The rising price of oil has “nothing to do with speculation, nothing to do with OPEC,” Schiff says. “It’s not because of economic growth in other countries … all of this inflation is because of the Federal Reserve monetizing government debt” by printing money and debasing the dollar.

Read more: Schiff: Prices Headed For Stratosphere as Dollar Crumbles

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