Peter Schiff Was Right on Return to QE and ZIRP

On March 15th, 2020, the Fed officially returned to zero percent interest rates and Quantitative Easing, exactly what Peter Schiff has been forecasting for years, and on Fox Business on June 4th, 2019.

- Source, Peter Schiff

Peter Schiff: Less supplies and more money paving way for inflation

Peter Schiff: Stimulus Overdose to Propel Gold to New Highs

Bear markets have notoriously big rallies as they fall down the slope of hope. Today’s record breaking 1200 point rally in the Dow may be an example of that. 

Markets betting on a 50 basis point rate cut to interest rates and more quantitative easing. Part of the market rally likely also due to diminishing chance of a Bernie Sanders presidency. 

But Biden will also be bad for the markets and he has a greater chance of winning Nothing goes up in straight lines. Bull markets have notoriously big declines as they climb the wall of worry, which we may have seen on Friday. 

Gold stock positioned for record highs.

- Source, Peter Schiff

The Fed's Rate Cut Spells Trouble for the Markets

Peter Schiff: Bailouts Spread Nationwide

Dow up almost 2,000 points today; a record point gain, 10th biggest percentage gain, with most larger gains occurring during the bear market of the 1930s. 

We had a lot of stock market firsts this week and it was one of choppiest weeks on record. 

Trump announces beginning of national bailout including open-ended moratorium on student interest loans, allowing debtors put their loans into deferment indefinitely and never pay them again. 

Trump leaves door open to bailout any industry in the country. 

Lawsuits driving many shutdowns across the country. Gold’s recent late day buys a sign of illiquid investors trying to get in at lows.

- Source, Peter Schiff

Peter Schiff: This Massive Stock Market Bubble Finally Found a Pin

Economist and money manager Peter Schiff says, “Everybody is a long term investor until they need the money. This is a giant Ponzi or pyramid scheme.

The only way people can retire from their stock portfolio is to sell shares. Or if everybody is stuck in the same emergency, who are you going to sell your shares to?

I think this is the most overvalued stock market in history. It’s not the coronavirus. The market was going to go down anyway.

It’s not the size of the pin, but the size of the bubble. This is a massive bubble. 

It finally found a pin.” Schiff says much bigger gains are coming in both gold and silver because of Fed easy money policies that will not fix the problem of “massive debt.”

- Source, USA Watchdog

A Fed Rate Cut is Terrible Medicine for the Infected Stock Market

While the mere hope of a rate cut is giving some traders courage, and an announcement would likely give stocks a bounce, not all analysts agree it will be good for a stock market. They see more liquidity as merely forestalling the inevitable pain.

Peter Schiff says low interest rates are what “have left both the stock market and the economy so vulnerable” to this month’s rude awakening.

In December economist and global financial strategist David Rosenberg warned the Federal Reserve’s “liquidity injection that’s ongoing” has fueled a dangerous bubble in risk assets like consumer credit and the stock market.

It’s no coincidence that the market overheated and went bust during the Federal Reserve’s “QE Lite” starting in September. That’s when the Fed started pumping $77 billion a month into overnight lending markets.

Big banks lend money to each other for 24 hours in these markets so they have enough cash on hand for withdrawals. Fed Chair Jerome Powell said the massive money injections were “not QE.” But the last round of Quantitative Easing, QE3 only pumped $40 billion a month into markets.

- Source, CCN

Why is This $400K Bitcoin Mega-Bull Running Scared of Peter Schiff?

Following Alex Jones recently encouraging fans to get into Bitcoin, the controversial radio presenter now seems to want to host a crypto-focused debate. His dream participants for the discussion are the outspoken Bitcoin mega-bull Max Keiser and anti-crypto gold bug Peter Schiff.

Whilst Schiff seems up for an appearance on Jones’s show, Keiser is reportedly less keen. Surely, one of Bitcoin’s loudest proponents isn’t afraid of debating Peter Schiff, is he?

Schiff, Keiser, and Jones… The Three-Way You Didn’t Know You Needed

According to Peter Schiff, Alex Jones has just invited him and Max Keiser to debate Bitcoin on his show. Jones is well known for his conspiracy-focused show, InfoWars.

In a recent edition of InfoWars, Jones hosted Max Keiser. During the show, Jones said that he should have taken Keiser’s advice and gotten involved with Bitcoin earlier.

Jones went on to say that he took his time endorsing the cryptocurrency because he would never promote something he was not completely sure about to his listeners. He now claims it is “smart to diversify” and that Bitcoin serves that end well. Its lack of government affiliation also seems to appeal to the talk show host’s conspiratorial side.

Peter Schiff was quick to comment on Jones’s bout turn today. The gold proponent and prominent Bitcoin naysayer said that this was a sure sign the Bitcoin “party” was “ending”.

Later today, the gold bug reported that Alex Jones had invited him to appear on InfoWars. Schiff would be given the opportunity to debate Max Keiser about Bitcoin.

However, it appears that the RT host of the “Keiser Report” doesn’t feel like going toe-to-toe with Schiff. As the gold investor reported, “Max refused the invitation”.

Schiff claims to have won the debate “by default”.

- Source, News BTC