YouTube/PeterSchiff, Released on 9/22/21
- Fed says the economy is great, but they will maintain the emergency policies they put in place when the economy was terrible.
- Fed will always choose to fight unemployment over inflation.
- Fed turns blind eye to inflation because the alternative is a complete economic implosion.
- Fed’s policies disproportionately hurt African Americans.
- Republicans only care about the debt ceiling when they can use it as a political weapon.
- Jerome Powell dismisses concerns over Evergrande and excess corporate leverage.
- Gold will explode and the dollar will implode when markets start to realize the Fed keeps crying wolf.
- Gold went up with safe havens while Bitcoin fell with risk assets.
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.