- Peter Schiff’s Warning: Economist and gold bug Peter Schiff has warned of a financial crisis and a much more severe recession than the Federal Reserve recognizes.
- Inflation Cause: The cause of inflation is the U.S. government and the Federal Reserve acting in concert with one another, where the U.S. government spends money it doesn’t have, and then the Fed prints the money for the government to spend.
- Federal Reserve Chairman Jerome Powell’s Speech: Federal Reserve Chair Jerome Powell claimed that disinflation „has begun“ but is going to take time; however, Schiff argued that this disinflation is transitory.
Peter Schiff’s Warning
Economist and gold bug Peter Schiff has warned of a financial crisis and a much more severe recession than the Federal Reserve recognizes. „The economy is not only going to weaken, but weaken much more than the markets expect,“ he stressed.
Cause of Inflation
According to Peter Schiff, the cause of inflation is a result of an act between two parties – The U.S. government spending money it doesn’t have, and then The Fed printing money for them to spend, which results in inflation.