Markets Will Go Down Until Fed Delivers Another Fix (Video)

CNBC expressed some surprise at Peter Schiff’s prediction that the Federal Reserve under Janet Yellen will be forced to resume quantitative easing later in this year. Peter reminded them that the Fed has always maintained that continued tapering is dependent upon positive economic indicators.

I am not benefiting [from QE] as an American. I would much rather prefer the government to pursue policies that benefit my country, so maybe I can bet on it, instead of betting against it. Which ultimately, I’m doing by owning gold, owning commodities… to try to escape the damage that the Fed and the government are doing to our currency and to our economy.”

[youtube http://www.youtube.com/watch?v=KoEAK2iL1_o?rel=0&w=640&h=360]

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