Peter Schiff

Biggest Ever Debt & Dollar Crisis Coming [Video]

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schiffGreg Hunter – Money manager Peter Schiff says the wild swings in the market are because of massive central bank money printing and exploding debt. What in the heck is going on?  Schiff explains, “The real question is what was going on when the markets were going up?  That’s what made no sense.  The fact that they are coming back down to earth makes a lot more sense.  I think the catalyst for this move (in the stock market) is, ironically, the tax cuts we got because that put the bigger deficits in the spotlight.  Now, the deficits are going to go off the charts because we have to replace the lost tax revenue with more debt.”

https://youtu.be/ZAEUTVV_voo

What about the economy improving under Trump? Schiff says, “Growth hasn’t really picked up, it’s actually slower.  This is all nonsense.  The economy is not improving.  Nothing is happening other than we are going into huge debt.  We got tax cuts, and we borrowed the money to pay for them.” Continue reading →

Brexit is the Match that Ignites the Powder Keg

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SchiffGreg Hunter – Money manager Peter Schiff says don’t believe the so-called “Brexit” was the real cause of the recent chaos in the financial markets. Schiff explains, “If the global financial system and the markets were healthy, ‘Brexit’ would be a non-event.  I mean what difference does it make in the scheme of things if the UK is not part of the EU?

In a healthy economy, it would just shrug it off, but because we have anything else but a healthy financial system, it’s all a gigantic bubble.  It’s a house of cards.  That’s how fragile it is, and it’s all propped up with cheap money, negative interest rates and quantitative easing.  Everybody is confident that the central banks and politicians can keep these bubbles in the air that they are juggling.  Now, all of a sudden, something goes wrong that they didn’t expect.  It shows that the government is losing control, and this is the wake-up call.  This is what has everybody so scared. This is the match that ignites the powder keg, but the powder keg was there all along.”

http://youtu.be/JjLN5-2uQjk

So is the Fed going to start more easy money and printing money because of the current financial chaos? Schiff says, “It may be the excuse because they were going to do it anyway.  The market is now pricing in a higher probability of a rate cut than a rate hike, but I said that back in December.

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