peter schiff explains similar scenario to gorm

Picked this up from another HC poster today.

Very similar to Oly's predictions.

Brilliant audio piece from the ABC's PM program. Peter Schiff explains simply why we are headed for hyperinflation and why America is a spent economy. Click on the 'Latest Program' top left and then go to the 6.39 minute mark ... listen for 5 minutes .....well worth the listen. Enjoy!

http://www.abc.net.au/pm/default.htm

Very interesting what he says about resources, Australia and China.

Peter Schiff
From Wikipedia, the free encyclopedia

Occupation author, economic adviser, fund manager, investor
Website www.europac.net

Peter Schiff is the president of Euro Pacific Capital Inc., a brokerage firm based in Darien, Connecticut. Peter adheres to the principles of the Austrian School of Economics and the Ludwig von Mises Institute [5]. Schiff frequently appears as a guest on CNBC, Fox News, and Bloomberg Television and is often quoted in major financial publications.