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Peter Schiff Expressed: Maybe the reason investors think the Fed can cure the worst inflation in U.S. history by lifting interest rates slightly above zero because they know even a tiny rate hike will crash the economy, which they assume will kill off inflation. But in reality, it will extend its life.
For those who are interested to check in to random community discussions about fighting inflation: Peter Schiff how crazier can things get? It seems these bankers can keep this Ponzi scheme up indefinitely. This Charade has to stop, don‘t you think?
Someone who supports Bitcoin has to state: We’re sleepwalking into a cliff Peter. It’s not really worth rationalizing gold investment. What we have to do is pick our spots wisely like choosing Bitcoin. Unfortunately, given how hypnotised people are, it seems gold is still a few months from breaking out, don’t you agree?
Buying Gold is the same monetary bet Russia and China took and one of the few reasons I sometimes doubt my precious metals positions. May be Bitcoin can be a resort.
Why does that make you doubt? Because the US will never let China and Russia dictate a gold standard. So, BTC is going to reign.
I think gold crashes when everything crashes. The dollar is the cleanest dirty shirt and will still be highly demanded in the coming everything bust.
Well, not really sleepwalking, the majority is seeing it but most of us are not in power to drastically change the way our economy or fiat system is organized. A lot of people see this cliff for a lot of years, but politicians are busy talking about slaves and drag queens.
Peter tweet something about Bitcoin. We need to bounce.
Better throw the towel. Why does China Russia and the rest of the World allow the US to manipulate the Dollar higher and gold price lower?
They love it, as they make monthly purchases when prices weaken, and stop buying on run ups.
Still a stronger dollar makes the World’s goods cheaper to import. When will China feel like they are getting screwed as the dollar continues to be manipulated higher?
Gold SPOT continues to hold its own as every other sector/asset including other precious metals continue to get destroyed/volatility galore.
Bitcoin is down roughly $25,000. Many altcoins continue to get clobbered since CNBC officially acknowledged #inflation about a year ago.
The way you guys try to rationalize everything is amazing. Peter has been bashing Bitcoin since $17.50.
In this case, I am completely on your camp. To fight this inflation, we need interest rates of 4% minimum. To even get back to old we would need 5% deflation. But everyone knows or should know that this will never happen in a debt-based economy we are currently in.
The perplexing thing here is how globalized this condition is. Where will the wealth fluctuate in the midst of all this? And, are we wining for 10 or maybe more like 20 (if not 25-30) rough years following the collapse of the system?
If they would just taper and end QE, then let the current debt roll off, inflation would be almost non-existent. The Fed doesn’t even have to technically tighten by raising rates. Nonetheless, this muted action would slow the economy and potentially pop the asset bubble.
How can you keep talking about inflation out of control with a flat yield curve? What are you going to say if the yield curve invert? that the bonds market is wrong? (Hint: They have never ever been wrong).
Hey Peter, what do we do about the manipulation of the gold and silver prices? It’s risk off rn correct? But we know the fed is trapped and we aren’t the only ones that know so why is it that sliver is down yoy? Why isn’t Gold price at the very least even with inflation?!
Why are so many gold bugs selling and buying Bitcoin? I really need an explanation please?
What’s the mechanism that will lead to a slightly higher rates extending high inflation?
What would be the price of gold if we went on a gold standard?
If that were what investors were expecting, wouldn’t a crash be priced in the options market?
Money goes somewhere else into the economy. Stock market deflates, regular commodities inflate.
Inflation existed since 1790 and will still exist for thousands of years to come. Relax is all part of the game.
The dollar will sink, not if but when it does, CRYPTO crashes and the TRUE money Silver & Gold will MOONSHOT in PANIC.
