Max Keiser Interviews Peter Schiff on Middle East Oil Economies, Inflation & Quantitative Easing.

• Max Keiser (BBC) interviews Peter Schiff on the state of ME oil countries. How is the economic collapse affecting them? Dubai is hit pretty hard.
   
• Even though governments are injecting money at record pace into their economies, the economies are collapsing far faster. This result in deflation. However, once all the money/credit takes traction, the next bubble will be created and inflation will kick in.
   
• The world is heading towards ZIRP (Zero Interest Rate Policy). We need sound money. Should the world go back to the gold standard? Will ZIRP get us out of this depression? Unlikely. Governments are already talking about Quantitative Easing and Monetizing Debts.

end

Advertisement