/biz/ - Business & Finance

What Peter Schiff do not understand is that this isn't 1929 anymore. Weimar Republic is no more. We've learn from the past crashes, there are plenty of circuit-breaker laws that were signed to prevent another Great Depression from happening. QE isn't about printing money out of thin air, it's about monetizing debt to prevent companies that have huge debts from defaulting. One of the groundbreaking circuit-breaker invention in the 20th century is the Dollar Milkshake Theory. DMT prevents the dollar from deflating because the dollar holds the debt of nations that are indebted to United States. Modern problems require modern solutions, this old man Peter Schiff thinks we're still in 1929! The debt bubble is still too small to pop, except it's not really a bubble but a new system in place to keep the dollar as a safe-haven asset for everybody.