Peter Schiff interrogated: How long before investors realize that even if the Fed follows through with its inflation fighting plan to taper QE and raise interest rates slightly in 2022, that it’ll be too little too late to derail this inflation juggernaut? If Powell doesn’t get medieval, inflation will.

Community Response: Most people figure it out after their accounts get nuked. I’ll keep adding to gold.

Good idea.  Investing in gold the value you stored depreciated at a much slower rate than the dollar.

Bitcoin benefits from inflation.  How soon will Peter Schiff realize that Bitcoin is the answer to inflation? That’s the real question.

Totally agree with you Peter, inflation is already here and it’s going to keep on pushing. The Fed needs to taper QE and raise rates earlier.  Are you buying Gold and Oil stocks at these prices or wait until Taper is official?

Bitcoin can fix such issues without much effort.  Too much debt they can’t hike.  They can’t afford it.  Cryptos are made to fight commodity inflation, but soon the investors will realize that Nth can replace gold.

Peter, I am worried about you.  It’s quite simple. Financial professionals are judged on a quarterly basis. Thus they’re more worried about missing yet another quarter of market euphoria than protecting against a structural issue. After all, the fed will only bail them out when the music stops.

Was the word “transitory ” unfortunate or used too long.  Yes sure. Should Taper have started early 2021 – YES. Do we have a 1970s style inflation risk? NO. Does Inflation go medieval as you call it? NO. Fast taper, early hikes, covid related CPI lower – all is good.

He would go negative before going positive.  Peter have you thought about bitcoin being the solution to this.

Hedge Funds manager will FOMO buying Gold and Silver at some point.  How long before Peter Schiff’s investors withdraw their funds after realizing they’re down -20% YTD?

Hey, what happened to gold? It is dead.

Peter, you act like there is a fix the Fed can implement.  There isn’t. We are too far gone to save the dollar. Best they can do is try to slow down the inevitable hyperinflation. Their single best option – adopt Bitcoin, but that won’t happen.

There is a fix. Let everything crash and have a biblical depression for a decade instead of kicking the can down the road forever and sacrificing the dollar.

Tech will solve that problem. It’s the only solution right now.

How long before others start to realize Peter Schiff is the biggest buy signal for bitcoin ever. When you start talking about bitcoins price declines, I load up.

Agreed Peter. The FED has painted itself into a corner. Any option they possess leads to disaster. Fighting inflation pops the zombie company, debt, housing bubbles. Continued printing destroys via inflation. Be responsible enough to research options to survive.

Everybody knows. Nobody cares. That’s why we are here.  Have you ever considered that the current push for crypto; may be so within 5 years USD inflation won’t matter? If Ethereum, XRP or a new US coin replaces the USD; USD inflation won’t matter. Employees are not banned from receiving pay check in crypto. Easy swap!

Peter Schiff It just seems silly for 40% extra dollars to have been printed without it being talked about as a possibility. The trick is not new. We see it in South America all the time. Inflation becomes problematic; we swap currency. FED exit plan seems to be the same.

Explain then negative rates in Europe. Who is exactly buying bonds like crazy to keep them down there?

Yes, he’s got to put up a front like he’s doing something about it. Flogging a dead horse at this point.

Peter you understand the economy really well and I follow you for your insight. You’re just one step away from realizing that bitcoin is the only way out of this mess. Embrace the change that we need. It would be nice to have you on our side.

Chip shortage comes to an end in 2022. Taper ends by March. Rates go up 50-100 basis points. Inflation will be 2.5% this time next year.