Friday, December 17, 2021

Peter Schiff: A Fed Policy Error That Will Live In Infamy


Markets recover most all of their Black Friday losses. Fed can’t fight inflation without deflating inflated economic bubble. Data shows biggest drop in productivity in 62 years. 

Consumer prices are headed much higher. Real wages are headed much lower. Bitcoin is a lousy store of value in terms of Ethereum. 

Americans made real sacrifices during World War 2, not during the war on Covid. US would have to fund a war with China by borrowing money from China.

- Source, Peter Schiff