Nov 24, 2014

Federal Reserve: They Are Not Going To Raise Rates At All

They are not going to raise rates at all. They are going to do more QE.

They are going to finally raise rates but not because they want to, but because the market gives them no choice, because the dollar is in free fall and inflation is accelerating and the Fed is back into the wall and they have no choice but to raise interest rates and bring about a financial crisis of an order of magnitude greater than 2008.

Related: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY)

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

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