Monday, February 20, 2017

USA has conned the world with loans


Collapsing asset values are needed. It should have happened in 2001... 2008. Quantitative easing is just blowing more air into the bubble. 

The world has been conned into believing the US will pay back loans. The US will have to go through a massive recession to right the economic ship. The US will have to start saving, and the middle class is on the hook for that.


Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Tuesday, February 14, 2017

Donald Trump will be blamed for the upcoming crisis


Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Monday, January 30, 2017

USA debt bomb to explode in our face

I think the [Federal Reserve] is going to try to inflate its way out of this problem, but it's going to inflate its way into a bigger one. You don't help the economy by spending money. To the extent that we need to repair our infrastructure, that's a cost that we have to bear. 

The fact that it creates jobs, that's not a good thing because we're diverting resources that we might otherwise have been able to use more productively to make necessary repairs to our infrastructure.

Monday, January 9, 2017

Bitcoin is not going to work as a long term store of value


Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Tuesday, December 20, 2016

Inflation will rise faster than interest rates



Key points
-Doubts on Fed's credibility and ability to raise rates in 2017
-Fed is less optimistic on economy now than it was a year ago
-Fed has no confidence in the economy, that is why they raised the interest rates so little.
-Gold will rise with higher inflation
-Markets were wrong about Gold last year 2015
-Trump cannot fix all the problems because they are unfixable, the economy is messed up.


Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Monday, December 12, 2016

This is the fourth longest economic expansion in US history



We are due for a recession very soon....... 

[Watch the video above for full commentary]

Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009

Monday, December 5, 2016

Real Interest rates are falling despite the Feds nominal increases


If we are going to have larger deficits its impossible to finance them, unless the Federal Reserve does it. So we are going to have to do even more quantitative easing (QE). The Fed is going to have to reverse and cut interest rates, and it's not going to create economic growth, but it is going to put pressure on inflation that is already now above what the Fed supposedly says is its supposed target.

He [Trump] doesn't want to tackle, for political reasons, the real problems that are underlying the economy. 



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