Schiff: Stock Market Actually Safer Place for Americans’ Money than Savings Accounts

TAPPER: “So, Mr. Schiff, for those who have their life savings in the market right now, should they be worried now? Should they be worried when they hear more directly that there will be a tapering off of this stimulus, this Fed stimulus? When should they be concerned?”
SCHIFF: “To be honest, I don't think the Fed's going to taper. I think the people who should be the most worried are the people who have cash in the bank. The people that own government bonds. I actually think you're better off being in the stock market, even though the rally is phony, it's probably going to continue because the Fed doesn't have the integrity to do the right thing.”