Dec 4, 2020
Bitcoin's Meteoric Rise
Bitcoin bulls argue that Bitcoin's meteoric rise means that major institutions that once shunned Bitcoin now have no choice but to hold their noses and buy it. Not only does Bitcoin's past performance not guarantee its future success, it more likely assures its future failure.
Dec 3, 2020
2020 Cambridge Gold Summit
Peter Schiff at the 2020 Cambridge Gold Summit.
In 5 years time, the difference between having Biden or Trump as president is only marginally different.
We are heading over a cliff no matter who is driving the bus - the difference may be how long it takes to get there.
Most of the funding for the increase in government spending will be printed by the Fed. The Fed will monetize this government debt leading to more inflation and a weaker dollar. Quantitative easing (QE) has returned with a vengeance. Peter believes QE is a never-ending process.
Economic Recoveries Are Not Created By Central Government Planning
According to Joe Biden the economic team he is putting together will create a strong economic recovery. Recoveries are not created by central government planning. Biden and his team will stifle any recovery that hard working Americans may have otherwise created if left alone.
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