YouTube/PeterSchiff, Released on 8/15/21
- Rising costs increasing producer pricing.
- US home prices rising at fastest pace in history while affordability hits record low.
- Trade deficit continues its path higher.
- Inflation exposed in increased export prices.
- The whole of this tightening cycle will be all talk and no rate hikes.
- Consumer sentiment goes lower as consumer prices go higher.
- Fed in Catch-22 with consumer sentiment.
- We left the gold standard 50 years and may soon leave the dollar standard.
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.