Peter Schiff – Twitter, Released on 5/4/23
Tweet 1 (scroll down for more)
#Gold stocks are hitting new 52-week highs today as #bank stocks are hitting new 52-week lows. This is not the end of this rotation, but the beginning. The stocks that lived by the bubble are dying as the air comes out. Old fortunes will be lost and new fortunes will be made.
— Peter Schiff (@PeterSchiff) May 4, 2023
Tweet 2
When rising interest rates pricked a #Fed inflated credit bubble in 2008, causing #banks to fail, the media called it a financial crisis. Well the same thing is happing again in 2023, only on a much larger scale, yet the media refuses to call what's happening a financial crisis.
— Peter Schiff (@PeterSchiff) May 4, 2023