Gold Newsletter, Released on 4/23/20
COVID-19 has sparked a rapid economic downturn not seen since the Great Depression. For Peter Schiff, the elephant in the room is the debt bubble. The famed economic analyst, broker, and author points out politicians are spending and borrowing as if there were no tomorrow. He argues the real crash is yet to come: when investors realize interest rates will be low forever and inflation picks up, no one but the US government will want dollar-denominated debt.
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.