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Peter Schiff: Fed getting ready to increase QE and here’s why…

Video first released on 10/30/13

Taper, Taper, Taper! It seems all we’ve heard during 2013 is that the Fed will scale back its asset purchases sooner rather than later. First it was September 2013, then that became December 2013, or maybe it was March 2014 (I can’t keep track anymore). It should come to no surprise to his fans that Peter Schiff disagrees with this widely held belief. In fact, Peter has been suggesting for a few months now that the Fed will do the unthinkable: increase QE.

Peter was recently interviewed by Larry Kudlow on CNBC and had this to say: “When you go back to this Fed statement – the Fed doesn’t mention taper. It says ‘adjust monetary policy.’ Adjustment doesn’t imply a direction. I think what the Fed is getting ready to do is increase the amount of QE, not diminish it.”

Clearly Mr. Schiff is not as optimistic as the mainstream media when it comes to U.S. data improving anytime soon. In fact, he has been screaming to the world for years that the Fed’s stimulus will not create a lasting economic recovery, believing that the Keynesian approach to jump-start an economy by increasing debt and spending has never worked long-term in the history of the world.

Continue watching the interview to see why Peter believes QE will be increased, as well as Peter’s view of inflation and its effect on the markets.

Peter is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof 2.0: How to Profit From the Economic Collapse, The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down (Little Books. Big Profits), and The Real Crash: America’s Coming Bankruptcy—How to Save Yourself and Your Country

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