Listen to Peter Schiff explain why the bailout in Greece is an American style bailout and what this means for the Euro and US dollar.
YouTube.com – Peter Schiff: Bailout American Style These bailouts create moral hazard and malinvestment. While they may bolster demand and confidence in the short term, it is a long term problem that will weaken their respective economies and currencies.
With so many central banks engaging in bailouts and resorting to inflating the money […]