Jun 19, 2015

Federal Reserve: If They Raise Rates They Will Prick The Bubble

What the Federal Reserve is trying to accomplish is to pretend that its monetary policy has worked and that we have a legitimate recovery so they can actually raise interest rates when i fact they can`t do that because we do not have a real recovery. They have inflated a gigantic bubble and if they raise interest rates they will prick that bubble.

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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