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The Fed Is Going to Have to Choose By Peter Schiff
The Fed Is Going to Have to Choose
By Peter Schiff
https://rayviolet.blogspot.com/2022/10/the-fed-is-going-to-have-to-choose.html
The Federal Reserve is between a rock and a hard place, and it’s going to have to make a hard choice – inflation or economic implosion. Peter Schiff talked about it on his podcast.
Peter said we are very close to another financial crisis and it could be worse than in 2008.
“2008 was all about too much debt and the inability to pay. Well, we’ve got a lot more debt now, and we’re even less able to pay. The only thing that kept it going was the artificially low interest rates.”
The national debt has spiraled above $31 trillion. But of course, the federal government is alone. State and local governments are buried in debt. Corporations are levered to the hilt. And consumer debt is at record levels.
+at https://rayviolet.blogspot.com/2022/10/the-fed-is-going-to-have-to-choose.html
By Peter Schiff
https://rayviolet.blogspot.com/2022/10/the-fed-is-going-to-have-to-choose.html
The Federal Reserve is between a rock and a hard place, and it’s going to have to make a hard choice – inflation or economic implosion. Peter Schiff talked about it on his podcast.
Peter said we are very close to another financial crisis and it could be worse than in 2008.
“2008 was all about too much debt and the inability to pay. Well, we’ve got a lot more debt now, and we’re even less able to pay. The only thing that kept it going was the artificially low interest rates.”
The national debt has spiraled above $31 trillion. But of course, the federal government is alone. State and local governments are buried in debt. Corporations are levered to the hilt. And consumer debt is at record levels.
+at https://rayviolet.blogspot.com/2022/10/the-fed-is-going-to-have-to-choose.html
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