Jul 20, 2015

Interest Rates Going Up Will Result In A Financial Crisis

You have a bunch of people who believe that a bubble is a recovery. The same people that did not know about the dot com bubble in the 1990`s or the real estate bubble. They believe that what the Federal Reserve has inflated is a legitimate recovery. It is not.

Interest rates going up will result in a worse financial crisis than 2008. It should be obvious but for most people it is not.

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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