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Tuesday, July 3, 2012

Peter Schiff: The Coming Sovereign Debt Crisis In America

"Back in the 1950's, you could buy a gallon of gasoline for 25 cents. You can still buy a gallon of gasoline, full service, for 25 cents, and get change. The thing is you need the same quarter because it's made of silver. So when you have real money, prices go down. When you have funny money, when you have fiat money prices go up."

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