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

Peter Schiff Nailed It! (Video)

  by    0   0

Peter Schiff nailed it.

Just days before the Federal Reserve met for its December 2018 FOMC meeting, Peter appeared on Fox Business and said we were about to see the last interest rate hike.

When Peter made this prediction, virtually nobody thought the Fed was about to end its tightening policy. In fact, most financial experts were talking about three or four additional rate hikes in 2019.

Well, Peter was right. After that December increase, we got the Powell Pause.

Not only did Peter say that December would be the last increase. He said the next move would be a rate cut.

Fast forward to today and all of the talk in the mainstream is about the likelihood of a Fed rate cut. In fact, markets are forecasting an 80% probability of a rate cut this year.

Here’s what Peter said on Dec. 17, 2018.

I think regardless of what the Fed does on Wednesday, the next thing they are going to do is cut rates. They’re going back down to zero. But it’s not going to stop the bear market, and it’s not going to stop the recession. It will probably kick-start inflation into a higher gear.”

Peter also talked about the complacency in the markets at the time.

People should be afraid – more-so about what’s going to happen to the economy. There is going to be another financial crisis. The next recession is going to be much worse than the last one. That is the problem. You know, whether or not the Fed is going to let the cat out of the bag tomorrow, whether they’re going to take a punt and not raise interest rates, but regardless of what they do, this is the last rate hike.”

Yes indeed, Peter nailed it.

Stay tuned for what’s next.

Download SchiffGold's Gold vs GLD EFT's Guide Today

Get Peter Schiff’s most important Gold headlines once per week – 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: The Inflation Tax Will Decimate Many Portfolios

Last week, Peter Schiff appeared on The Claman Countdown on Fox Business along with Mark Matson, founder and CEO of Matson Money, to talk about where to invest with this overpriced stock market. Peter said the big danger is inflation and it will decimate a lot of portfolios.

READ MORE →

Peter Schiff: The Fed Has Never Been Right

Peter Schiff delivered a key-note speech at the Virtual Investor Day Conference. He walked through the history of the Federal Reserve’s monetary policy over the last several decades and explained the inevitable outcome. Peter’s recap of Fed history leads you to an undeniable conclusion: the Federal Reserve has never been right. And it has set […]

READ MORE →

Peter Schiff: The World Is Going to Reject the Dollar Standard

Peter Schiff recently did a presentation at the Endeavour Silver Town Hall Webinar. He talked about the state of the economy, the US dollar, and gold and silver. Peter said he thinks we’re about to see a gold bull market rivaling the 1970s because the world is going to reject the dollar standard and go […]

READ MORE →

Peter Schiff: Government Tries to Replace the Economy With a Printing Press

Peter Schiff recently spoke at the “virtual” Los Vegas Money Show and explained why we are near the endgame for the dollar. Peter opened up his talk speculating that the Money Show could be close to the end of its run. I think the money that most people have, or at least what they think […]

READ MORE →

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 →

Comments are closed.

Call Now