Monday , 18 March 2024

Schiff: People Are Going To Be Blindsided By What's About to Happen!

We’re in a lot of trouble, and the government is going to try to revive the faltering economy with more stimulus. It’s never going to work. It’s just going to make the problem worse…

 So says Peter Schiff in edited excerpts from an interview with King World News as provided by Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!). This paragraph must be included in its entirety in any re-posting to avoid copyright infringement.

Schiff goes on to say, (you can read the full interview here and listen to it by CLICKING HERE.) in part:

We are going to have to deal with a lot of inflation. The problems are ultimately going to be the debt, rising interest rates, a weaker dollar, and this whole phony economy imploding. People… [who] don’t understand the fundamentals…are going to be blindsided by what’s about to happen.

Related Articles:

1. U.S Likely to Hit the Financial Wall by 2017! Here’s Why

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The deficits aren’t going to stop anytime soon. The debt mountain will keep growing…Obviously, the debt can’t keep growing faster than the economy forever, but the people in charge do seem determined to find out just how far they can push things….The only way for the politicians to buy time will be through price inflation, to reduce the real burden of the debt, and whether they admit it or not, inflation is what they will be praying for….[and] the Federal Reserve will hear their prayer. When will the economy reach the wall toward which it is headed? Not soon, I believe, but in the meantime there will be plenty of excitement. [Let me explain what I expect to unfold.] Words: 1833

2. 2012: More Money-printing Leading to Accelerating Inflation, Rising Interest Rates & Then U.S. Debt Crisis! Got Gold?

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Evidence shows that the U.S. money supply trend is in the early stages of hyperbolic growth coupled with a similar move in the price of gold. All sign point to a further escalation of money-printing in 2012…followed by unexpected and accelerating price inflation, followed by a rise in nominal interest rates that will bring a sovereign debt crisis for the U. S. dollar with it as the cost of borrowing for the government escalates…[Let me show you the evidence.] Words: 660

3. Egon von Greyerz Interview on Future QE, Hyperinflation and the Price of Gold

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A final or total catastrophe of the currency system will occur as a result of unlimited money printing that will lead to hyperinflation. Stock markets will benefit temporarily from this QE [but we expect that the] markets will fall 90% against gold in the next few years. The correction in the precious metals [will] likely [soon] be over and we should see the metals going to new highs in 2012. Words: 450
 
 
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Everyone must be wondering where this “unprecedented global financial crisis”, (the World Bank’s words), is heading. What follows, for what they are worth, are my cogitations on this crisis. Words: 1641