Peter Schiff – Twitter, Released on 4/4/23 The U.S. #economy has never been poised on the brink of a financial and economic cliff nearly as ominous as the one it's perched on now. Yet despite being the architect of this precarious position, the #Fed remains clueless to the impeding crisis its own policies made inevitable. […]
Peter Schiff – Twitter, Released on 3/17/23 As I warned for years the only way the #Fed can come close to achieving its 2% #inflation target is to allow a worse financial crisis than 2008 to run its natural course, with no bailouts for banks or their customers. The Fed chose bailouts and surrendered the […]
Peter Schiff – Twitter, Released on 3/13/23 #Powell said the strong U.S. economy could easily withstand the #Fed's interest rate hikes. I said the rate hikes would cause a financial crisis, as thanks to ZIRP and QE the banks were loaded up with too much debt to handle the rise. Once again the Fed was […]
Peter Schiff – Twitter, Released on 1/20/23 The claim that the U.S. has never defaulted on its #debt is false. Prior to 1971 U.S. Federal Reserve Notes were obligations of the Federal Reserve to pay a fixed weight in #gold. The U.S. defaulted on that obligation and creditors didn't receive any of the gold they […]
Peter Schiff – Twitter, Released on 11/2/22 #Powell said he'd prefer to over-tighten to beat #inflation as it will be easy for the #Fed to use its tools to stimulate the #economy if it weakens too much. Powell doesn't get it. Planned rate hikes and QT will only succeed in crashing the economy, not bringing […]
Peter Schiff – Twitter, Released on 10/21/22 The #bond market was in the process of crashing and just like the BoE, the #Fed folded with a soft-pivot. The Fed's bluff has been called. Instead of a bond crash it will be a dollar crash. Of course, when the dollar crashes, the real value of bonds […]
Peter Schiff – Twitter, Released on 10/15/22 If the #Fed pivots, either to avert a financial crisis, or in reaction to one, #inflation will soar, the opposite of what was experienced after the 2008 financial crisis. This time instead of running toward the dollar, the world will run away from the dollar. Buy your #gold […]
Peter Schiff – Twitter, Released on 10/13/22 Another hotter than expected #CPI surprised investors. Sept. CPI rose .4%, double expectations. YoY prices rose 8.2%. The 6.6% YoY rise in core CPI is the most since 1982. OER had biggest monthly spike since 1990. The #Fed is losing its #inflation fight. Soon it will surrender. — […]
