We’re Getting to the End of it – Peter Schiff We’re Getting to the End of it – Peter Schiff
The day of reckoning could be closer than people expect, according to Peter Schiff. Donald Trump offered may pain-free solutions to the US economy when on the campaign trail, but the recent US budget is showing that big government spending has not been reined in like many conservatives had hoped. Schiff says the bond market and the dollar could be facing new lows with rising interest rates and unsustainable debt levels.
The consequences of what the Federal Reserve did from 2009 onward was predicted to cause a dollar crisis according to Schiff. All the quantitative easing and zero % interest rates have finally gotten to the end of the road. The stock market, dollar, and bond market (and housing market) are all in a bubble, Peter Schiff pointed out at a recent economic conference in Vancouver.
US Treasuries have recently been downgraded by China because of the fact that they are de facto junk bonds. The US government is not going to be able to tax the average citizen to pay off the federal debt, which is per capita around $62,000. With the dollar losing power and steam, the costs of living are also set to rise which means rises in price for the average consumer.
Federal Reserve will bring more QE when faced with a looming recession
“You can’t create an entire economy based on cheap money” says Peter Schiff. When the Federal Reserve tries more stimulus in the face of potential economic uncertainty, with the dollar tanking and interest rates rising, it could be the straw that breaks the camel’s back because the inability to repay holders of US Treasuries becomes the focal point of the US government.
This type of scenario is likely to happen swiftly and lead to chaos in the markets and the economy. Schiff encourages people to get out of US stocks, bonds, and the Dollar and escape the inflation and devaluation of currency and financial instruments and into things like gold and silver. This is why a gold IRA or 401k rollover is going to be a real retirement-saver for Americans who are smart enough to see which way the wind is blowing before the hurricane comes ashore.
US Economy is a Giant Ponzi Scheme
When interest rates rise, Americans will no longer be able to spend on a debt and credit-based system. Schiff says 70% of the economy is based on Americans spending money that they don’t have. This is why it’s so important for investors and Americans to position themselves to be able to ride this coming transfer of wealth properly without losing everything.
Leave a Reply
Your email address will not be published. Required fields are marked *
Comment
Email *
Website
Currently you have JavaScript disabled. In order to post comments, please make sure JavaScript and Cookies are enabled, and reload the page. Click here for instructions on how to enable JavaScript in your browser.
Post navigation
Previous Previous post: Critical Reason Why the EU Could COLLAPSE at Any Moment!Next Next post: How My College Professors Lost their Retirements in 2008
Thanks For Visiting Our Site!
Best Place to Buy Gold and Silver Online
Stock Market Bulls or Bears? Who Cares?
Why Own Gold & Silver?
Ron Paul: Gold Bull Market is Here
Search for: Search
End of the Petro Dollar and US Dollar Dominance
Recent Posts
- Wearing a Mask is not Good for You, but they Want You to Do It Anyway
- How to kill vicious biting bed bugs!
- Why You Should Not Get a Gold IRA from Regal Assets: My Review
- Why a Good Night Sleep is Worth its Weight in Gold
- Fed Plans to Pump $1 Trillion into System in 14 Days as 1 CEO Buys $90 Million in Gold & Silver
- Dow Jones Loses 800 Points, Banks Pay You to Get a Loan, US Auto Sales Being Hidden
- Bed Bugs: What Are They, Where They Hide, and How to Get Rid of Them
- The Greatest Depression is Already Here, Says Trends Forecaster Gerald Celente
- Gold Breaks Important $1500 Level, Silver follows as World Central Banks Print More Money
- Dow Jones Drops 767 Points in Worst Day of 2019! – Protect Your 401k/IRA While You Still Can
- How Baby Boomers Are Using CBD to Treat Sleep Disorders
- Snoring and Sleep Apnea: the Silent Killer of American Retirees
The U.S. and Europe have historically manipulated the price of gold through increasing margin requirements and concerted gold lease programs at crucial times to maintain the hegemony of the US dollar and the Euro, but with rising federal deficits in the West we are seeing the dollar exit stage left as the world reserve currency.
We Are in the Biggest Bubble in History
Predictions & Recommendations for Investors
Pages
- About
- After Belgium and Netherlands Recall their Gold, Switzerland Ponders Gold Repatriation
- Blog
- Daily Gold Spot Price and the Historical Price of Gold over Time
- Hartford Gold Group Review
- How a Gold IRA Could Save Your Retirement from the Coming Recession
- How to Rollover Your IRA or 401K
- Review of the JPMorgan SmartRetirement® Income Fund
- Sterling Trust Company
- The Truth About the Federal Reserve: My Personal Review (Audit) of the Fed
- Turning Green Into Gold: Former Fed Chairman Greenspan Makes a Strong Case for Gold in the Near Future
