Peter Schiff

Fed Cannot Fight Inflation [Video]

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Peter SchiffGreg Hunter – Money manager and economist Peter Schiff says all the talk you are hearing from the Federal Reserve is simply the Fed “pretending to fight inflation.”

Schiff explains, “Everything I predicted with inflation breaking out and the way the Fed would react to it has come true.  The next thing is the Fed is now pretending it’s going to fight inflation.  I say they are pretending because they have no real intention of doing it because they can’t.

If the Fed could fight inflation, it would have started the fight a long time ago.  They would have acted preemptively when it was obvious it was a problem. . . .

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Global Debt Bubble a Gigantic Time Bomb [Video]

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SchiffGreg Hunter – Money manager Peter Schiff says the Federal Reserve has already started a new money printing program that continues to expand the debt bubble and keep global markets propped up.

This started abruptly last month in what is called the “repo market,” where the Fed provides liquidity for traders of short-term money or overnight funding. Schiff says, “When the Fed was doing QE3, they were buying $85 billion worth of debt per month. They (Fed) just did $176 billion in three weeks, and they say they are not doing QE. So, the Fed is monetizing more debt not doing QE than when they were doing QE, which means they are doing it and they are going to have to do more of it.

The reason they are doing it is because the markets are finally trying to move interest rates higher because the Fed has been suppressing them.  They are artificially low, and these artificially low interest rates have done tremendous damage to the economy over the years.

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Inflation Chickens Will Come Home to Roost

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schiffGreg Hunter – Money manager Peter Schiff says all the money printing and debt explosion since the Great Recession comes with a huge downside. Schiff says, “All sorts of bad policies basically took place thanks to the monetary excesses applied by the world central banks, but now we are at a point where all these inflation chickens are going to come home to roost.

It will not be in stock prices or real estate prices or bond prices, but in good old fashioned consumer prices. Food, energy and all the things that we need to live are going to get a lot more expensive.”

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Record Debt Everywhere [Video]

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schiffGreg Hunter – Money manager Peter Schiff says even though there is “record debt everywhere,” the Fed thinks the economy is fine. Schiff explains, “The actual amount of money the government is borrowing is much larger than what they pretend they are borrowing with the official budget. I think the national debt was up around $1.5 trillion in 2018. . . . It’s probably going to be even greater in 2019. . . .

We have the biggest annual trade deficit ever in 2018. We’re going to beat that record in 2019. So, we have the twin deficits going off the charts. None of that worries (Fed Head Jay) Powell.

We have record corporate debt, record individual debt, record student debt, auto debt, credit card debt and none of that concerns Powell.  We have record debt for state governments and municipalities.

We have underfunded pensions in both the public and private sector. We also have interest rates rising. They have risen quite a bit from a few years ago, and all of that is an added cost on an over-leveraged economy.

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Banking System Has Huge Problem [Video]

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wigingtonGreg Hunter – Money manager Peter Schiff says even though Deutsche Bank is the most systemically dangerous bank in the world (according to the IMF), that is just the tip of severe global financial problems. Schiff explains, “I think it’s a problem, and it’s not just Deutsche Bank. Deutsche Bank could be the weak link of a chain. If you remember back to when we had the financial crisis (2008).

https://youtu.be/UzYI-yXH66U

First, you had the sub-prime mortgages blowing up, and everybody was like don’t worry about it. It’s contained. I said it’s not contained, it’s just showing up first in the sub-prime market because these are the weakest mortgages. The entire mortgage market has a problem. 

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