This ninny doesn’t seem to understand that a stronger renminbi would mean more exports for the US vis-a-vis China. For you Schiff sheep, that’s good. And he doesn’t even understand that raising reserve requirements decreases the money supply. lol He also stupidly said here that even if China keeps its currency flat, people will leave the dollar for the renmembi. lol So, then China can either face more inflation, more price controls, or continued monetary tightening. What incentive is there for investment there versus the dollar? Then, Schiff finishes with the play that everyone sees in gold, which has little to do with dollar inflation, but a whole Hell of a lot to do with 10 years of falling supply in the face of booming demand in China and elsewhere in the developing world. Schiff’s also otherwise ripped apart here.

Kevin Matras explains how to implement a Covered Call option strategy. Stocks highlighted include APEI, GHL, PLCE, MYGN and WAB.

To View the First Video in this Series Please Click Here: www.monkeysee.com

I debated Fox News’ Bill Kristol on Fox & Friends about whether or not the American public trusts President Obama and the Democrats. Notice that the news graphic says unequivocally that “confidence in Obama’s economic team is lost.” This, on the very same day a Wall Street Journal poll shows Americans overwhelmingly trust Democrats and Obama over the GOP on economic issues, and believe the Democrats inherited the stock market crisis from Republicans.