Peter Schiff recently appeared on Kitco News with David Lin to talk about inflation and the Fed’s attempt to get it under control. Peter said there is no getting inflation under control. It’s already worse than anybody thinks. And it’s only going to get higher. Inflation is suddenly in the spotlight. But Peter says it […]
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Munknee/Lorimar Wilson/3-18-2022
“The Fed’s…[increase in the interest rate on Wednesday] virtually guarantees a recession or depression. The beginning of the end of the bull market in stocks and real estate has begun, and the dawn has come for the pending bubble in precious metals.”
USAGOLD note: Wilson goes on to say that the World Economic Forum is calling for an asset bubble burst sometime between 2023 and 2025. “This,” he says, “means that the sky is the limit for gold and silver” with the risk that we head lower first. We recommend the link at the top for the full rationale.
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Bloomberg/Mohamed El-Erian/3-22-2022
“Judging from price movements on Monday, the Federal Reserve risks slipping further into a no-win interaction with markets that is more familiar to developing countries that lack policy credibility than to a systemically important central bank — let alone the world’s most powerful one.”
USAGOLD note: The problem reduces to a Hobson’s choice: prolonged inflation or recession. We could end up with a combination of the two. None of this is new. El-Erian, though, does add something new to the mix – comparing Fed policy to that of a troubled emerging nation-state. The Fed he says might end up hoping for an “immaculate recovery.” Does not sound like the rational approach to the markets and economy central bankers so pride themselves in ……
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