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.

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Get Ready For It, Silver Will Rally to $130, Gold To $8,000 – CEO

Gold and Silver Could See Unprecedented Price Rises in the next 5 years

 
Silver is set to rise in the next 5 years dramatically due to supply and demand factors, which sees a strong industrial need for mankind to innovate towards a more green economy. While gold and silver seem to be stuck in a trading range, copper and other metals have gone up significantly lately, but lack of manipulation in the more industrial metals could account for this, according to KitCo.

Silver supply has faced multiple deficits in recent years, thus making it a bit strange that the price has not already risen, but readers of our blog already know the recent for this. As for gold, according to Jim Rickards, the amount of toxic debt laden paper currency floating around the globe demonstrates in theory that gold price is severely undervalued and could be the great equalizer in resetting the global monetary system.

Gold Mining Production Tough Times Could Be Over

 
A lack of demand in gold mining and silver mining was experienced in recent times but now mining stocks are picking up again, which reflects the possibility of what Ron Paul said when he stated a gold bull market is just around the corner.

Additionally, huge consumers of silver like Samsung, Toyota, and other technology giants are going to need more silver in the coming years. All the good news for gold and silver means owning the best gold IRA is advantageous indeed for the average retail investor.

401(k) and ira to gold rollover

Stock market crash! Sell everything & protect your 401k before it’s too late?

401(k) and ira to gold rollover

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