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Enjoy part 2 of the interview:
The Federal Reserve has entraped themselves; either they elevate rate of interest as well as bankrupt the Treasury, or they do not elevate prices, allow inflation spiral uncontrollable, as well as bankrupt the American people, claimed Peter Schiff, chief market strategist at Euro Pacific Possession Administration.
" Exactly how does [the Fed] battle that rising cost of living without bankrupting the U.S. government? The solution is it can't. My reasoning is, if it can not deal with inflation without bankrupting the UNITED STATE government, it will not combat the rising cost of living, which indicates it bankrupts the general public since it destroys the value of the dollar," Schiff claimed.
0:00 – Following economic dilemma?
13:20 – End of the UNITED STATE buck?
21:00 – Arising markets
28:30 – Gold price as well as monetary policy
35:10 – Product rate overview
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Peter Schiff: Fed is trapped; will either bankrupt the government or the American people (Pt. 1/2)
Watch part 2 of the interview: https://youtu.be/Xyz3fwmuBj4
The Federal Reserve has trapped themselves; either they raise interest rates and bankrupt the Treasury, or they don’t raise rates, let inflation spiral out of control, and bankrupt the American people, said Peter Schiff, chief market strategist at Euro Pacific Asset Management.
“How does [the Fed] fight that inflation without bankrupting the U.S. government? The answer is it can’t. My thinking is, if it can’t fight inflation without bankrupting the U.S. government, it won’t fight the inflation, which means it bankrupts the public because it destroys the value of the dollar,” Schiff said.
0:00 - Next financial crisis?
13:20 - End of the U.S. dollar?
21:00 - Emerging markets
28:30 - Gold price and monetary policy
35:10 - Commodity price outlook
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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