Peter “Clairvoyant” Schiff thinks the Fed is not going to be able to stop the upcoming collapse of the financial system

www.zerohedge.com/markets/peter-schiff-feds-response-coronavirus-just-delaying-day-reckoning

“The Fed has erected this extremely leveraged economy and the reason we all have so much debt is because every time we try to have a recession, the Fed interferes. Instead of having a healing recessions, where debts are paid down and balance sheets are improved, we just keep levering up.”

“They keep saying we need to print more money. What is that going to do? That’s not going to cure the virus. That’s not going to put more products on shelves. All that’s going to is destroy the dollar, which is going to make prices go up,” Schiff says.

18 views
READ  Italian Government on Brink of Collapse After Ministers Quit
READ  Major World Governments And Leaders "Stepping down"! Dutch Gov't Resigns, Merkel steps down, Italian Gov't collapse