The Fed Will Lose Control

The real crisis is when people realize that the Fed has lost control, that inflation id going to run out of control and that QE will never end, because it cannot end. Because we have so much debt, that it can`t end. We can`t allow interest rates to go back into normal because at this point its impossible, because there`s too much debt.

And all the economy is one big bubble, one big illusion and all the Fed has to do is to keep the illusion alive for as long as possible but once the bondholders, the dollar buyers wake up and realize its an illusion the dream will turn into a nightmare.

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), iShares Barclays 20+ Year Treasury Bond ETF (TLT), SPDR Gold Trust ETF (GLD)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.