Peter Schiff: Fed Hot Air Pumped Up Phony Stock Market Bubble; Payoff is Gold

Thursday, March 24, 2016
By Paul Martin

BY VOICE OF REASON
THELASTGREATSTAND.COM
THURSDAY, MARCH 24TH, 2016

n the following video, Peter Schiff appears on CNBC where he is calling the Fed’s bluff once again about “alleged” future Fed rate hikes this year. Some will claim Schiff is wrong now because he said the same thing all last year, and look what happened in December. The Fed raised rates. It’s true, Peter said all last year that there was ZERO chance the Fed was ever raise rates in 2015, and they did. What those same critics fail to mention, is the rest of what Peter said. Peter only said rates would never go up because he was giving Janet Yellen the benefit of the doubt she wouldn’t make such an idiotic mistake, however Peter ALSO said EXACTLY what would happen if she did raise them:

1) The U.S. stock market would go way down, and we’re off to the worst start in history;

2) Gold would go up, and it has; and

3) The U.S. Dollar would go down, and this last week the Dollar hit a new low on the year at 96

So, before listening to Peter’s critics, look at his FULL track record. Anyway, in the video below Schiff doubles down. He reminds people what happened the last time the Fed raised rates in December, so once again he’s giving Yellen the benefit of the doubt that she isn’t dumb enough to make the same mistake twice. All the talk about potential rate hikes is intended to mislead people into thinking the Fiction Obama is Peddling About a Recovery is Actually True, All While Unemployed Americans Just Topped 100 Million People.

The Rest…HERE

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