The economy Is In Worse Shape Today Than It Was Prior To The Financial Crisis

Everybody is still brainwashed, they believe the Fed propaganda. The Fed has been talking about how great the recovery is and how is getting ready to raise interest rates. None of this is true. There is no recovery thanks to the Federal Reserve. All there is is a gigantic bubble that has prevented a recovery from taking place.

And the only reason the Fed is pretending that is going to raise rates is that it can pretend that the economy is strong enough to withstand that but basically the Fed cannot do that. The Federal Reserve is going to do more quantitative easing, they are going to do QE4 and all is going to do is to weaken the economy further.

The economy is in worse shape today than it was prior to the financial crisis.

Investors Are Still Believing The Fed Propaganda

Investors are still believing the propaganda from the Federal Reserve that is is about to raise rates but in reality the economy is so weak that it cannot withstand even a tiny interest rate hike, says Peter Schiff.

Economic Indicators Suggest A Recession Is On The Horizon

Peter Schiff sees a strong deterioration in the economic data and that suggests that a recession is on the horizon. Wall Street is loving it because that means interest rates will stay at zero and there is likely even more monetary stimulus on the way.

Tickers: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ),  Apple (AAPL), Facebook (FB)