We Will Have A Crisis Early In The Yellen Term

The Bernanke bubble is bigger than the Greenspan bubble. The monetary policies pursued by Bernanke were far more reckless than the ones pursued by Greenspan and therefore the bubble is much bigger. And therefore the damage to the economy when it pops will be much bigger.

We are going to have another crisis early in the Yellen term that will be bigger than the crisis that we had early in the Bernanke term (2008 financial crisis) and Wall Street and the government are equally as prepared. They will be equally blind sighted.

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

Video: Debating Bitcoin Versus Gold

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

Federal Reserve: Blowing Air Into A Bubble Economy

The only thing that quantitative easing has helped do is exacerbate the problems and reflate the asset bubbles. So, yes it has caused the stock market to go up, it has caused the real estate market to go up but that is masking the problems in the economy. And in fact, we don`t need high stock prices and higher real estate prices. they are already too high. We will never have a legitimate recovery as long as the Federal Reserve is concentrated on blowing air into a bubble economy. That is all they are doing.

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