Peter Schiff (among many others) has been predicting the collapse of the dollar and consequent hyper-inflation. The recent flight into the dollar as a last-ditch hedge against the enormous losses of the great asset sell-off is short-lived, says Schiff. When the sell-off is over, the dollar drops like a rock.
Looks like Schiff has hit another homer. Continuing its uninterrupted string of failures, the desperate Fed has dropped interest rates to essentially zero, and the currency markets have responded by dumping dollars. Everything is going to get much more expensive very soon--like now! Get used to this jaw-breaking phrase: Hyper-inflationary depression. Translation: You're just about broke and the few dollars you do have can't buy jack.
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