Peter Schiff: "The Fed's Illusion That There Was An 'Endgame' Is About To Be Shattered" Peter Schiff has been saying that the price of gold and silver are going to take off.
But why?
Peter isn’t just taking a wild guess or gazing into a mystical crystal ball. He’s basing this prediction on the unavoidable economic consequences stemming from decades of Federal Reserve mechanizations. In s nutshell, the central bank has checked us into a monetary roach motel. Once it entered the current policy there was no way it would ever be able to leave.
In a SchiffGold Videocast, Peter explained exactly what the Fed has done, what it’s doing now, and why no matter what it does next, gold and silver are going much higher!
Despite checking us into a monetary roach motel, somehow, the central bankers managed to convince the world that it could indeed check us out. After holding rates at zero for some seven years and initiating three rounds of quantitative easing, the Fed somehow made everybody believe it was going to normalize rates and shrink its balance sheet.
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