Fed’s QE “cure” is fatal to the economy (Video)

Fed’s QE “cure” is fatal to the economy Video by Peter Schiff

Market reacted poorly to Trump’s Wednesday night coronavirus address. Today’s historic drop was the biggest since the 1987 crash. Fed’s cure will be worse than coronavirus and fatal for US economy. QE5 coming with more cheap money and artificially low interest rates. CNBC says this is nothing like 2008, but everything about it is like 2008.

Jim Cramer proposes the US government suspend collecting taxes, increase all spending — and print all the money needed to pay for it.

Short term noise and illiquidity affecting gold stock. Nothing is a safe-haven on a daily basis.

Bond vigilantes are waking up and the bond market is starting to blow up.

Bitcoin and crypto market crash. CNBC remains silent. The whole bitcoin narrative is blowing up.

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Peter Schiff

Mr. Schiff began his investment career as a financial consultant with Shearson Lehman Brothers, after having earned a degree in finance and accounting from U.C. Berkeley in 1987. A financial professional for more than twenty years, he joined Euro Pacific in 1996 and served as its President until December 2010, when he became CEO. An expert on money, economic theory, and international investing, he is a highly sought after speaker at conferences and symposia around the world. He served as an economic advisor to the 2008 Ron Paul presidential campaign and ran unsuccessfully for the U.S. Senate in Connecticut in 2010.