Peter Schiff: Hillary Clinton Would Have Printed United States Inflationary, and United States "Would Surely Be Bankrupt "- Trump Saves Us "For A Moment" | News

Gold Bully and Financier Peter Schiff Says According To InfoWars.com:
Financial Crisis Bigger Than 2008 Coming:
President Donald Trump Can Only Delay The Inevitable

Peter Schiff Says Trump’s election could only delay Fed policies for so long

World Economy, U.S., InfoWars Reporting Through SchiffGold.com.
Peter D. Schiff, Schiff Gold production and publication. February 2019.

During his keynote speech at the Vancouver Resource Investment Conference, Peter Schiff said we are at the beginning of the end.

The Fed appears to have paused interest rate hikes in order to save the stock market.

The markets have reacted positively and a lot of analysts seem to think we’re out of the wood.

But Peter traces the moves of the Federal Reserve all the way back to the first rate hike of December 2015 and shows how the central bank has put us on a path toward a financial crisis that will be bigger than 2008.

Peter insists he’s been right about what would happen all along, it’s just taken us a little longer to get here than he expected.

The Fed appears to have paused interest rate hikes in order to save the stock market.

The markets have reacted positively and a lot of analysts seem to think we’re out of the wood.

But Peter traces the moves of the Federal Reserve all the way back to the first rate hike of December 2015 and shows how the central bank has put us on a path toward a financial crisis that will be bigger than 2008.

Peter insists he’s been right about what would happen all along, it’s just taken us a little longer to get here than he expected.

Highlights From the Speech

“I have been forecasting that the Federal Reserve would not be able to complete its rate normalization process since before they raised rates for the first time.”

“I still believe if Hillary Clinton won that election, which was widely expected, I think it would have been one-and-done. I don’t think the second rate hike would have taken place had Hillary Clinton won.”

“I think that had Hillary Clinton won, the stock market would have tanked. The conventional wisdom before the election was that if Trump won it was going to be a disaster for the stock market, but if Hillary Clinton won, the market was going to like it. Well, Trump won and the market went way up, the opposite of what was expected. I believe that had Hillary Clinton won, the market would have gone down. Also the opposite of what had been expected. And I believe the US would have entered recession much sooner.”

“The reason that I originally said that I did not expect the Fed to raise rates again was because I knew that raising rates was the first step in a journey that they could not finish, that in their attempt to normalize rates, the stock market bubble would burst and the economy would reenter recession.”

“Normalizing interest rates when you’ve created an abnormal amount of debt is impossible.”

“I knew all along that at some point, that would be it, you know, the straw that breaks the camel’s back. I didn’t know how many rate hikes the bubble economy could take, but I knew there was a limit. And I still knew that there’s no way they were ever going to get back up to normal or neutral. Whatever that number is, it ain’t 2%.”

“Everything that the Federal Reserve built up based on cheap money was starting to implode as the cheap money was being withdrawn.”

“The US economy is built for zero. It’s not working at 2% and you’re starting to see that.”

“We’ve just created a massive amount of inflation. Quantitative easing is just a euphemism for inflation. That’s what inflation is — expanding the money supply. Printing up money and buying government bonds is the definition of inflation. The Fed has been inflating like crazy.
“How can you look at the US economy that has more leverage now than ever before and say there’s no sign of excess leverage? How can you look at the biggest financial bubbles that have ever been inflated and say that there’s no bubbles? The bubble that we have no is bigger than the one that popped in 2008.”
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Infowars reports:PETER SCHIFF: FINANCIAL CRISIS BIGGER THAN 2008 INCOMING
https://www.infowars.com/peter-schiff-financial-crisis-bigger-than-2008-incoming/




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