Peter Schiff: Don’t Believe the Hype! The Real Economic Fallout From Brexit (Video)
BY VOICE OF REASON
THELASTGREATSTAND.COM
SUNDAY, JULY 3RD, 2016
In the following video, Peter Schiff joins Stefan Molyneux to discuss the fallout of the Brexit vote, and the effects the Brexit vote will have on the U.S. economy. As I mentioned in a post yesterday titled, Peter Schiff and Jim Rogers on the U.S. Economy: Be Afraid… Be Very Afraid, thanks to artificial heights from central banks and plenty of cheap money, investors were already maxed out on the amount of risk they were willing to be exposed to, so in the immediate aftermath of Brexit we’ve seen investors looking to dump their more risky investments. The result has been the huge market fluctuations we’ve seen.
As Peter explains below, the reason U.S. markets (and eventually the U.S. Dollar), are going to collapse have nothing to do with Britain’s decision to leave the European Union. Do not believe the propaganda that will soon be spewing out from the White House and the Fed. See the article below from Profit Confidential titled: 7 Signs of a U.S. Economic Collapse in 2016.
The propaganda that is going to start coming from the Fed and the White House will sound something like this:
“The American economy has been well on it’s way to a robust recovery (two of Obama’s favorite words) for quite some time, so we never considered cutting interest rates until now. In fact, you might recall we forecasted we were going to raise rates several times this year as a direct result of how well the economy has recovered… BUT… we do live in a global economy these days, and with all the uncertainty caused by Brexit, we’re going to cut interest rates and provide the markets with a bit more liquidity during these uncertain times.”
TRANSLATION: It’s an election year, and without drastic action the markets will collapse before November, but we can’t say that because that would be admitting our economic policies have been abysmal at best. So, thankfully Brexit happened allowing us to save face, and totally dupe American voters yet again…
The Rest…HERE
