Peter Schiff breaks down his reasons for believing that the FED will not and cannot afford to raise interest rates. They need inflation and want it. The market is completely fooled by these actions. Click here to watch this video: http://schiffblog.blogspot.ca/2016/11/heres-why-fed-wont-raise-rates-this-year.html
I don't mind a bit of Schiff, I find him very amusing. But I am a bit suspicious of your posts and the blogs you are linking. For anyone watching, just be wary of the dates on these posts compared to the dates the videos were made. They are not the same....
"They need inflation and want it." What they need and want is not 2% inflation, they want and need 102% inflation - AT LEAST! OC
Have a closer look. The clue is in the gold price. They are talking about a $40 drop. When did that happen? If it is a legitimate blog then why the delay?
I think that I seen him on - Live At The Apollo :lol: Ex-pert - a drip under pressure :/ Merry Christmas
The likes of Jim Rickards and Mike Maloney don't have on-going business concerns beyond publishing and selling subscriptions to newsletters; generating low-effort cashflow requiring a minimum of capital by electronically disseminating their product at near-zero cost. (Jim Rickards is particularly fond of bringing up his past in the US intelligence apparatus to boost his credibility; if one was to rigorously audit his past and compare it against his claims, I suspect he'd publicly humiliated.) On the other hand, Peter Schiff may not have the best 'track record' when it comes to economic predictions, but at least Euro Pacific Capital are viable brokerage business. Not to mention ventures like SchiffGold and Euro Pacific Bank. I have to admit I am sympathetic for Mr. Schiff as his father, Irwin Schiff, died in prison for his long-time resistance against the IRS and the federal income tax.