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

What Will the Fed Blame the Coming Recession On? (Video)

  by    0   0

Peter Schiff spoke with Yahoo! Finance yesterday. The anchor was skeptical of Peter’s forecast of the United States sliding into a recession in the first quarter of 2016. She pointed to the low unemployment rate as the sole reason for optimism. Peter explained why employment is a lagging indicator, and reminded her of Fed Officer Bullard’s history of hinting at the Federal Reserve’s real agenda:

Today, Bullard tried to throw the market a lifeline by trying to insinuate that maybe the four rate hikes the Fed has already telegraphed are coming for this year – well, maybe they might come a little bit slower… The last time that Bullard really saved the market was back in October of 2014 when he hinted at QE4. This time, I think, the Fed is going to have to more than just hint at it…”


WhyBuyGoldNowBanner.070815.590

Highlights from the interview:

“Today, Bullard tried to throw the market a lifeline by trying to insinuate that maybe the four rate hikes the Fed has already telegraphed are coming for this year – well, maybe they might come a little bit slower, because he’s concerned that inflation won’t be high enough with the oil price going down. But I don’t think that’s going to be enough to stop the market. The last time that Bullard really saved the market was back in October of 2014 when he hinted at QE4. This time, I think, the Fed is going to have to more than just hint at it. I think they’re going to have to reverse their rate hike, go back to zero, and actually launch QE4 to prevent a bear market from really taking hold in the US…

“[The Fed] still wants to toe the administration’s line. President Obama – you heard in the state of the union address earlier this week trying to claim that the US economy is the greatest in the world and that everything is great. Obviously if the Fed has to come to the economy’s aid with another stimulus package, that would certainly prove that the economy is not nearly as strong as the President is pretending it is. I think they’re reluctant to admit how weak the economy really is. I think we’re already back in recession. The question is when will the Fed acknowledge that and what will they blame it on? …

“I’m buying gold. Gold has been beaten up pretty badly over the past few years based on the false belief in this recovery. I think when people see it for what it is, you’re going to see a spectacular rise. I’m positioning for all the things that people are going to want to buy once they wake up to reality and get out of this fantasy…”

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


Related Posts

Peter Schiff and Jim Rickards: $15,000 Gold?

Gold pushed above its all-time record price last week. Where does it go from here? Peter Schiff and Jim Rickards appeared on Kitco News to talk about gold’s trajectory and the possibility of $15,000 gold in the future. Peter opened up the interview saying he’s surprised it took gold this long to break its record. […]

READ MORE →

Peter Schiff: The Dollar Is Not Just Going Down; It’s Going to Crash

As gold was closing in on its all-time record price last week, Peter Schiff appeared on the Claman Countdown and warned about the looming dollar crisis. Claman set up the interview pointing out that Peter predicted this big move up in gold months ago and asked, “What’s your new prediction about the dollar?”

READ MORE →

Peter Schiff and Anthony Pompliano Talk Gold and Bitcoin (Video)

Peter Schiff did a live show with Anthony Pompliano on Sunday to talk about gold, silver, bitcoin and crypto. Known as “Pomp,” Pompliano is co-founder and partner at Morgan Creek Digital, “a multi-strategy investment firm focused on providing access to blockchain technology and digital assets.” At the time of the recording, gold had just broken […]

READ MORE →

Jim Grant: Confidently Bullish on Gold and Silver

Jim Grant has long been skeptical of the mechanization of the Federal Reserve. He was warning about the distortions created in the markets and broader economy caused by the central bank’s monetary policy long before the monetary Hail Mary it threw up in response to the coronavirus pandemic. Last month, Grant wrote an op-ed for […]

READ MORE →

Peter Schiff and Johnny Bravo: The End of the Dollar Standard

Peter Schiff recently did an interview with Johnny Bravo. They talked about the gold standard, inflation, the looming dollar crisis, presidential politics, and the foolishness of Modern monetary theory. Johnny opened up the show declaring that governments will never allow a gold standard. They hate gold. He asked Peter, why?

READ MORE →

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Call Now