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.

Stock Market: Signs Of A Top?

If this recent volatility in the market is the sign of a top and certainly the broader averages are already breaking down and topping out and you have key sectors like the homebuilders and you have certain stocks that are related to the consumer... We had bad numbers at CarMax (KMX), they sell a lot of used cars and when their numbers came out and disappointed we had a big drop in shares of CarMax (KMX), and you start to get companies like this dropping on bad results.

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

Quantitative Easing (QE) Has Not Worked

Related ETFs: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA)

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