Peter Schiff on the Fed, Rand Paul, and the Next Financial Crisis

from Reason TV “The bubbles are pretty much everywhere,” says investment guru and radio host Peter Schiff, CEO of Euro Pacific Capital. “They are in the stock market, they are in the bond market, they are in the real estate market, they are in the U.S. dollar.” Schiff sat down with Reason’s Matt Welch while at FreedomFest 2015 to discuss the dollar, his support of Rand Paul, and his argument that we are already living in another stock bubble. “The mainstream—the investors, the government, central banks—they never see a crisis until after the fact. And then they go back and they say, ‘Well nobody could have possibly predicted this. This was a complete random occurrence that had nothing to do with our policy,'” says Schiff. “They never understood the cause of the bubble that burst in ’08. They didn’t understand the Fed’s role in creating it, so they don’t understand that the Fed is simply exacerbating all the problems that everybody believes they solved.” Part I of II Peter Schiff on Greece, Puerto Rico, and America’s Looming Economic Crisis “What’s happening in Greece and what’s happening in Puerto Rico is going to happen in the United States,” says investment guru and radio host Peter Schiff, CEO of Euro Pacific Capital. “Once the Greek creditors began to question the solvency of Greece they demanded higher interest rates,” Schiff explained during a recent interview with Reason’s Matt Welch. “The minute our creditors figure out we are in the same position as Greece or Puerto Rico, they’re going to demand higher interest rate from us and we can’t pay either.”

 

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