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Peter Schiff interview: tariffs, crude oil, staflation, gold

Goldseek Radio, Released on 7/4/18

Highlights:

  • Peter Schiff, head of SchiffGold, Euro Pacific Capital, and Euro Pacific Gold Fund (EPGFX) returns with his latest market insights.
  • Inflation is a chief concern at EuroPac, just as the economy is headed back to a 2008 style Great Recession, which could result in Stagflation
  • Stagflation has positive implications for the PMs sector, as illustrated by the 1970’s gold bull market, case study.
  • As 2 year / 10 year Treasury note yields invert, perhaps as soon as early 2019, 90% of the time this event coincides with a recession / stock market correction.
  • Fed policymakers will reverse hawkish rate hikes and resume dovish rate cuts to restore normalcy to the markets.
  • The Smoot-Hawley Tariff Act of 1930 resulted in a reduction of 66% of global trade.
  • According to some economists, this exacerbated the Great Depression.
  • The duo examine if the current trade war could be combine with higher rates to foment a new Great Recession.
  • Our guest outlines a possible case for hyperinflation, similar to Venezuela, where the Bolivar went from near parity with the US dollar, to virtually zero, requiring tens of millions of Bolivar to purchase a single ounce of gold.

Peter Schiff 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, 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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