Monetary Policy: It Will Backfire

I believe Central Banks are behaving very foolishly around the world. They are deliberately cutting interest rates in pursue of inflation as if that`s the Holy Grail of economics. I think this is going to backfire. I think the inflation rates around the world will end up being much higher than any central bank has bargained for.

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

U.S. Economy: A Gigantic Bubble

The U.S. Economy has never been in worse shape than it is right now. You just can`t perceive that because the Federal Reserve has not taken away all the monetary support. But this is not a genuine recovery, this is a gigantic bubble, this is bigger than the housing bubble, this is bigger than the dot com bubble. This is all fantasy.

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

The Federal Reserve Is Bluffing

The Federal Reserve is still trying to bluff, they are trying to pretend that they remain on this course, headed for a destination that they will never reach, which is an interest rate hike. That is not what the Federal reserve is going to do next. The next thing the Federal Reserve is going to do is to launch QE4.

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