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| Subject: Peter Schiff: Coming Fed-Induced Collapse Will be ‘Far More Dramatic’ Than ’08 Fri Oct 18, 2019 10:58 pm | |
| Economist, precious metals expert and full-time Federal Reserve critic Peter Schiff began a recent speech by saying the Great Recession was the fault of the Fed.
“In case the people in this room didn’t know, the financial crisis of 2008, which I had been forecasting for some time, and the Great Recession that ensued, was caused predominantly by the Federal Reserve.”
The Fed managed to rescue the economy, Schiff admitted, but only by creating another monster bubble bigger than the one that popped to start the crisis. This new, bigger bubble is about to burst and the Fed will only repeat the same mistakes again — but it won’t work this time, he said.
https://moneyandmarkets.com/peter-schiff-federal-reserve-economic-collapse/ |
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