“The Fed Will Seize Your Money In The Coming Great Financial Crisis” Peter Schiff’s Last Warning

American stock broker, financial commentator, and CEO and chief global strategist of Euro Pacific Capital Inc., Peter Schiff recently appeared on NTD News to talk about the worsening economic and financial scenario. He said the recession is already here and…

"The Fed Will Seize Your Money In The Coming Great Financial Crisis" Peter Schiff's Last Warning

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American stock broker, financial commentator, and CEO and chief global strategist of Euro Pacific Capital Inc., Peter Schiff recently appeared on NTD News to talk about the worsening economic and financial scenario. He said the recession is already here and it’s not going to be mild! Peter called this ongoing inflation the major reason behind making the recession more problematic. On the other hand many experts are of the view that one reason we don’t have to worry about a financial crisis like the one in 2008 is because banks are in good shape. But Peter opines that the banks are only in good shape until the value of their collateral collapses and people can’t repay their loans. Peter emphasized that the Fed is only pretending it’s going to fight inflation because Fed has done so many blunders to make the situation worse than ever. Previously Peter Schiff has also called the ongoing price hikes as a stagflation rather inflation.

As we can see that the Inflation is a problem globally, but the only major central bank talking about fighting inflation is the Fed. The European Central Bank and the Bank of Japan continue to hold interest rates down and run quantitative easing, despite rising prices in both economies. And as Peter said, all the Fed is doing is talking. It won’t actually fight inflation. Peter also mentioned that the bond market is also signaling recession warnings with inversions of the yield curve. Meanwhile, bonds had their worst quarter in 40 years. And the data is starting to reveal cracks in the economy. On the economic slowdown and recession voices, watch the video to get into his rationale on the current situation. Before that take a second to smash the like and subscribe button if you haven’t done yet. Enjoy watching!
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