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GoldSeek Radio Nugget: Peter Schiff

Government can print money, but they cannot print the things that we buy.  If you just produce money and no supply, then there is a surplus of demand -- too much money chasing too few goods.

Americans have access to a lot of credit, but capital investments are not being made.

Lot of people spending and not producing.

There is nothing transitory to what we are seeing except to much higher inflation.

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Peter Schiff

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