Peter Schiff Predicts ‘A Tidal Wave Of Inflation’ For U.S.

Yesterday, “crash prophet” Peter Schiff addressed the Fed’s announcement of QE4 from earlier in the day in the latest installment of The Schiff Report YouTube video blog. Schiff, who correctly-predicted the bursting of the U.S. housing bubble and 2008 global economic crisis, didn’t pull any punches when he warned viewers:

Well, the Fed now has come to a point where it can’t do that anymore, so it announced starting January 1- as expected- the Fed is going to begin to expand its balance sheet by an additional $45 billion per month, as it prints new money to buy up long-term government bonds. That’s in addition to the $40 billion worth of mortgages the Fed is already buying with money that it creates out of thin air. So if you take 40 and 45, that’s $85 billion a month, multiply that by 12, and the Fed has announced that it intends to expand its balance sheet by over a trillion dollars in 2013…

So, in other words, what Ben Bernanke said is, we’re just going to print money, and we’re going to buy a trillion dollars worth of paper every year, as far as the eye can see.

The President and Chief Global Strategist of Euro Pacific Capital talked about what inflating the money supply will mean for stocks and precious metals:

This is a very inflationary policy. Which, I guess, from a nominal perspective is bullish for stocks- not from a real perspective. But it is extremely bullish when it comes to precious metals.

Schiff recommended viewers do the following:

The bottom line to all of this is get out of the dollar. Don’t wait, run. Get out of it. Don’t worry if you’re a little bit too early (chuckle). Because believe me, you don’t want to be too late…

But you’ve got to get out of the dollar, and buy some gold. It is amazing that gold is still as cheap as it is…

But given all the money that has been printed- not only by the Fed, but central banks around the world- and all the money that is about to be printed, they are going to unleash a tidal wave of inflation. And the best way to float to the surface, and avoid being dragged under with the tide, is to have a life raft of precious metals. And then, look at other stock markets, where you might have some real growth.


“Ben Bernanke throws the dollar over the Currency Cliff.”
YouTube Video

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Tags: , , , , , , , , , , , ,

No comments yet.

Leave a comment

Current day month ye@r *



Christopher E. Hill, Editor
87,086 Unique Visitors in 2013
360,266 Unique Visitors from
11/22/10-3/31/14
Please Rate this Blog HERE
America's Day of Reckoning is ApproachingNew Affiliate Partner! Casey Research
ANY CHARACTER HERE
free knife with blackhawk New Affiliate Partner! CHIEF Supply
ANY CHARACTER HERE
MyPatriotSupply.com Reviewed HERE
ANY CHARACTER HERE
Nitro-Pak--The Emergency Preparedness Leader Nitro-Pak Reviewed HERE
ANY CHARACTER HERE
JM Bullion Reviewed HERE
ANY CHARACTER HERE
Learn how to get Money Every Month with this report New Affiliate Partner! Casey Research
ANY CHARACTER HERE
Food Insurance Food Insurance Reviewed HERE
ANY CHARACTER HERE
GoldSilver.com Reviewed HERE
ANY CHARACTER HERE
Buy gold online - quickly, safely and at low prices BullionVault.com Reviewed HERE
ANY CHARACTER HERE
Free 2014 Gold Guide New Affiliate Partner! Casey Research
ANY CHARACTER HERE
Get Free Shipping at BrownellsBrownells Reviewed HERE
ANY CHARACTER HERE
Smoky Mountain Knife Works Reviewed HERE
ANY CHARACTER HERE
Buying Gold GoldMoney Reviewed HERE
ANY CHARACTER HERE
Going Global 2014 New Affiliate Partner! Casey Research
ANY CHARACTER HERE
New Affiliate Partner! CHIEF Supply
ANY CHARACTER HERE
RealtyTrac RealtyTrac Reviewed HERE
ANY CHARACTER HERE
PyramidAir.com Reviewed HERE
ANY CHARACTER HERE
Airsoft Megastore - Limited Time Savings, Save Up to 20% Airsoft Megastore Reviewed HERE
ANY CHARACTER HERE
 

Categories

Archives