Economic Collapse: ‘All Banks To Fail’, Fed’s Powell To Resign | Peter Schiff & David Hay

The David Lin Report, Released on 7/6/23 (Recorded on 7/5/23)

Peter Schiff, Chief Market Strategist of Euro Pacific Asset Management joins David Hay, Co-CIO of Evergreen Gavekal to discuss their macroeconomic outlook, as well as risks and opportunities to investors.

0:00 – Intro
0:40 – Stock market
5:27 – “Major economic contraction”
9:40 – Banks are “insolvent”
14:00 – “Echo Bubble”
16:28 – Fed’s Powell to resign?
19:00 – Inflation expectations
24:00 – Triple digit oil
25:45 – Labor market
30:00 – Emerging markets
35:00 – Budget deficits
36:00 – Market complacency
42:00 – Bitcoin
52:00 – Alternative to the U.S. Dollar

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff 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, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.

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