Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)

Peter Schiff: “We’re Already in a Recession” (Video)

  by    0   6

Peter Schiff appeared on the Next News Network to give some insights into the possible US war in South China, Hillary Clinton’s recent health problems, international trade, ObamaCare, and quantitative easing.

Quotes from the interview:

War in South China

“Certainly, America is in no position to afford a war. We’re really in no position to afford peace. That’s how broke we are. Anything that would require the expenditure of more resources we don’t have would simply add to our problems.”

Education Crisis

“Politicians have driven up the cost of education because of their subsidies. Because of the involvement of government, education is very expensive … The government comes and says, ‘We have a solution. We’ll arrange cheap financing. We’ll let you borrow a lot of money to pay the high cost of tuition.’ The government cripples the students and offers the students a crutch. The students believe that but for the government, they’d have no crutch and they couldn’t walk. But if it wasn’t for the government, they wouldn’t need a crutch.”

Hillary Clinton

“I’m more worried about a healthy Hillary Clinton and what she can do than a sick Hillary. The real problem is what she’s going to do, what her policies are going to be. She’s a very corrupt individual. She’s basically running a criminal enterprise with her husband Bill. They entered politics broke and now they have a net worth of over $100 million dollars. They did that by peddling their influence.”

Trade Agreements

“Trade agreements aren’t the problem … I’d just like to have unilateral free trade … We’re not going to restore America’s greatness unless we go back to what made American great in the first place. It’s not as simple as better negotiators sitting across from the Chinese or the Mexicans. We need massive restructuring here at home. That means huge cuts in government spending. We need to eliminate entire departments and agencies. We need to basically tear up all of these regulations that have been enacted over the years.”

ObamaCare

“ObamaCare is a disaster. It’s eventually going to lead to the collapse of the healthcare system. The government is going to then take advantage of the damage that it caused to nationalize the entire thing and go to a single-payer socialized medicine. Maybe that was the plan all along: to poison the well and then take advantage of what happened.”

QE4

“We’re already in a recession. It’s just that no one wants to acknowledge that fact. Certainly with an election coming up where Hillary promising four more years of Obama, [the Fed] doesn’t want to admit that we’re already back in recession … I don’t think there’s any amount of quantitative easing that’s going to get us out of this. It’s like trying to drink yourself sober. That doesn’t happen. The more you drink the drunker you get.”

Get Peter Schiff’s latest gold market analysis – click here – for a free subscription to his exclusive weekly email updates.
Interested in learning how to buy gold and buy silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!


Related Posts

Peter Schiff: This Is Gold’s Day

Peter Schiff recently appeared on the Claman Countdown with Creative Planning president Peter Mallouk to talk about the recent record high in gold and the trajectory of the markets over the next few months. Mallouk is bullish on the stock market, but Schiff makes the case that this is gold’s day.

READ MORE →

Peter Schiff and Dan Ball: Things Are Even Doomier and Gloomier Than They Look

Peter Schiff recently appeared on Real America with Dan Ball to talk about the latest employment data and the state of the real estate market. We know there is a lot of doom and gloom in the headlines, but Peter said the situation is actually doomier and gloomier than the headlines suggest.

READ MORE →

Jim Grant: The Fed Needs Some Grounding in Financial History and Common Sense

Will the Federal Reserve raise interest rates again? Or is this hiking cycle over? Will it really hold rates higher longer, or will it cut in the near future? Everybody in the financial world is trying to predict the central bank’s next move. Fed members insist they are data-dependent and will go where the numbers […]

READ MORE →

Peter Schiff: The Government Is Lying About Inflation

The CPI has cooled in recent months, but Americans say they’re still struggling with rising prices and they’re worried about inflation. Why is there this dichotomy between people’s perceptions and the official data? Peter Schiff recently appeared on Real America with Dan Ball to talk about the economy. He said the problem is the government […]

READ MORE →

Peter Schiff Puts the UAW Strike in Its Economic Context

The United Auto Workers went on strike against the Big Three US automakers in Detroit last week. Peter Schiff went on Real America with Dan Ball to talk about the strike and how it might impact the US economy. Peter put the strike in the context of the current inflationary and high interest rate environment, […]

READ MORE →

Comments are closed.

Call Now