Peter Schiff Predicts ‘Negative Interest Rates Before The Election Because We’re Going To Be In A Serious Recession’

Euro Pacific Capital CEO Peter Schiff, who correctly-called the housing bust and economic crisis last decade, is sounding the alarm again these days. Big time. Business Insider’s Bob Bryan reported Friday:

The CEO and chief global strategist for Euro Pacific Capital, and noted perma-bear, said that serious economic destruction is just a few months away.

“I think the Fed is going to have negative interest rates before the election because we’re going to be in a serious recession,” Schiff told Business Insider on Friday.

In fact, Schiff said that we may already be in recession and this one is going to be a doozy.

“We’re in worse shape now than we were in 2007,” he said…

“We’re headed for a real economic collapse,” Schiff said, “the order of magnitude of which will be much greater than 2008’s crash.”

No way am I going to steal Bryan’s thunder on this. Head on over to the Business Insider website here for the full story.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is 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 contained herein.)

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Monday, February 1st, 2016 Crash Prophets, Interest Rates, Recession

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