Schiff: Many of Amercia’s best known companies will go bankrupt if this happens

#Ford stock closed the day down 12.3%. It the #Fed actually raises rates high enough to reduce #inflation to 2%, it's not just Ford and GM that will likely go bankrupt, but many of Amercia's best known companies. They won't go out of business, but creditors will take ownership.

— Peter Schiff (@PeterSchiff) September 20, 2022