Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession – Economics Bitcoin News

Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession

Gold bug and economist Peter Schiff says there are two possible outcomes of the Federal Reserve’s action on the U.S. economy. One outcome leads to “a massive financial crisis and severe recession” as stocks, bonds, and real estate crash. In the second outcome, “the world will run away from the dollar,” the economist stressed.Gold bug and economist Peter Schiff continued to share his view on the U.S. economy and the Federal Reserve’s efforts to bring down inflation this week.

: “Inflation is here to stay, and will get much worse despite rate hikes, due to over a decade of inflationary monetary and fiscal policy. This is very bearish for the dollar and bullish for gold.” Schiff noted: “The days of sub-2% inflation are gone.”

Sooner or later these things will happen anyway

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Big statement about market future!

they are try to fear sell dxy already head 20 years high. already russia and china also sells dollar and buy gold at this time..

the fed dont care. they just want to save dollar. the bigest reset.

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I don't disagree with his assessment of the situation, I just disagree with the solution. bitcoin is demonetizing gold and will absorb the bond market as well.

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Why dont they want us to know this

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