Peter Schiff: Fed is trapped; will either bankrupt the government or the American people

Sharing is Caring!

BINGO!

So, in the next war they drag us into, who will it be with?

The Federal Reserve has trapped themselves; either they raise interest rates and bankrupt the Treasury, or they don’t raise rates, let inflation spiral out of control, and bankrupt the American people, said Peter Schiff, chief market strategist at Euro Pacific Asset Management.

“How does [the Fed] fight that inflation without bankrupting the U.S. government? The answer is it can’t. My thinking is, if it can’t fight inflation without bankrupting the U.S. government, it won’t fight the inflation, which means it bankrupts the public because it destroys the value of the dollar,” Schiff said.
www.kitco.com/news/2021-03-25/Peter-Schiff-Fed-is-trapped-will-either-bankrupt-the-government-or-the-American-people.html

See also  Can the Federal Reserve Stop the Looming American Famine?

 

h/t McDonald Trunalimunumaprzure

Help Support Independent Media, Please Donate or Subscribe:
Trending:
See also  American Airlines to Use Buses for Some Connecting Flights

Views: 0

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.