Quantitative easing by the Federal Reserve has undoubtedly expanded the Fed balance sheet to record levels, but the outcome on consumer and asset prices is yet to be seen.
Jim Rickards, best-selling author, said that the Fed has failed to deliver inflation in the past when there was monetary stimulus, while Peter Schiff, CEO of Euro Pacific Capital, argued that inflation of asset prices is the likely outcome.
The Federal Reserve has gone past the point of no return and is unlikely to be able to unwind their balance sheet in the foreseeable future, according to best-selling author Jim Rickards and Peter Schiff, CEO of Euro Pacific Capital.
In this second segment of the three-part interview, Rickards and Schiff discuss the consequences of the Federal Reserve paying for the nation’s expenses, or as Schiff called it, “free money.”
Gold prices have hit all-time highs, but industry heavyweights Jim Rickards, best-selling author, and Peter Schiff, CEO of Euro Pacific Capital, both think that the rally is far from over.
Rickards’ analysis gives a five-year gold price target of $15,000 an ounce. Schiff, too, sees this as just the start of the bull cycle, adding that an imminent U.S. dollar collapse will be a major catalyst in sending gold prices much higher.
Trump disingenuous about job creation. Jobs report should be taken with a grain of salt. The relapse has started. Gold is a coiled spring and the market is primed for a huge move up.
I confused D.C with Puerto Rico when I discussed the number of Representative it would have if it became a state. It would only have one Representative.
It's Puerto Rico that would have five. As I predicted, US stock market continued to be under pressure throughout the week. Financial stocks lead lower by Goldman Sachs.
Companies that can’t make money need to go out of business. Betting odds overwhelmingly favor Democrats victory in White House and Senate. House of Representatives pass bill to make Washington D.C. the 51st state.
When Republicans lose the Senate in November, they may never get it back. Elizabeth Warren has inside track on Secretary of Treasury in Biden cabinet. Euro Pacific funds made up for 5 years of under performance in 6 months.
Powell testifies in front of the Senate. Fed beholden to Wall Street speculators. We are the future generation that has to pay for the Fed’s profligacy.
We’re in the lull before the storm. Dollar crash looming. I touched the third rail and the mob has come to get me fired. The bar has been lowered, letting real racists off the hook.
Strong signs we’ve exhausted this bear market rally. Dollar and Bitcoin bottoms ready to drop from under them. Real estate sales masking underlying weakness in market.
