Inflation is just getting started: Peter Schiff
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- čas přidán 8. 06. 2024
- Andrew Brenner and Peter Schiff provide insight on the Federal Reserve and inflation on 'The Claman Countdown.' #FoxBusiness #theclamancountdown
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It's not the Great Reset for nothing, all by design
Correct. The didn’t mistakenly take a sledgehammer to our country over the past 15 months for nothing!
Let’s make these asstard Liberals and Lefties poor in November! Rotten scumbags!
2 replies do not open . What a surprise !!!???
...except that literally every developed country on the planet currently has high and growing inflation.
@@mattjacks0n83 and? It's by design. You tried to argue but agreed. You're a shmuck
People who can accept this as part of the WEF games can see where this is going. We have been sold out and betrayed by people who must never be allowed the freedom of walking our streets again. They are out to break the world as they build back better over bodies.
no kidding.. raise the rates for middle class, when the middle class is being decimated and being turned into homeless.. these guys and the polititions they work for need to be in prison for what they are doing to this country.
@@danratsnapnames Raise the real interest rate meaning our work has value, what you are implying I believe is raising the tax rate for. (They will never raise the real interest rate unless they got rid of derivatives)
You mentioned WEF then spoke of Biden like he's the sole proprietorship to the demolition of the world. Lol. Clowns are everywhere.
Agreed
Yep. Satan is out to deceive all nations.
I'll take Peter shift side. It's not doom and gloom. It's reality this country is being run by a bunch of buffoons
The Keynesian fraud ponzi system will collapse the only question is when.
The truth is the buffoons are every president for the last 100+ years that added to national debt, devaluing our currency, making us all poorer, that got us here. No doubt Biden is no Abraham Lincoln but he's basically at the helm of a ship that will mathematically sink, like Titanic, and your beholden to the math of national bankruptcy.
Socialists with intent.
Here’s some math on that. The federal government goes insolvent at 13.8% interest rates. Go do the real CPI yourself and you get like 17.5% rate of increase in prices. Interest rates need to be higher than 17.5% to stop those increases. 17.5% > 13.8% = US government default.
@@AureliusProject The real interest rate hasn't been that high since Paul Volcker. However you will never get anything of the sort, the fed funds rate is not the interest rate and it has been zero and zirp policy for the duration.
$40 billion for Ukraine while we're struggling with record inflation 🎖️👏
More than that actually if you look at how much has been sent just since this administration took office
Goverment gives to everybody but it's own remember TRUMP said America first well joe dont think that way
The money Biden has sent to the Ukraine is one of the biggest reason we are in a recession also shutting down the pipeline to ....we Americans needs help or there will be a lot of homeless people before the election...
The Military Industrial Complex always get paid first.
The Big Guy needs some commission.
I mean , regular people get fired if they’re doing a crappy job, why not the President.
Ask Donald Trump...although he did get fired eventually
@@mattjacks0n83 Yeah...life is so much better under Biden....
@@weirdshibainu did you forget that Trump collapsed the economy? He’ll go down in history as the only modern US President to actually *LOSE* jobs during his time in office! (As well as being the only President ever to be impeached twice) 🤣
@@mattjacks0n83 Everyone knows what you did.
The majority of the American media will not allow it. Anyone can type on CZcams the following: "CNN staffer caught on tape admitting network tried to get Trump out of office".
Peter’s audible laugh at the end was priceless
Dr doom!
Lol yeah
Scammer 😎
@Michael Sanville the economy burning is what needs to happen in order to reallocate resources more efficiently in the economy
Cuz he knows he's right lol
Peter did great, he's right, the Fed gets an F
I give the Biden Regime an F also
F. The Fed! Free market for people!
Abolish the Fed.
EVIE STRATEGIES AND GUIDELINES HELP ME IN GAINING FINANCIAL FREEDOM IN DIGITAL CURRENCY
@@celinajason8594 I had a bad experience investing on my own until I met MRS EVIE RICHARD I got to change a couple of things and my kid now goes to a great school. You only have to stick with her strategies
Thanks Peter for living in REALITY
I just filled up my oil tank. $1300. Used to cost me $600 a year ago. Just wait when fall comes and everyone fills their tanks.
IT IS GOING TO SUCK, A LOT OF PEOPLE AIN'T GOING TO BE ABLE TO AFFORD IT 😳🇺🇲
Imagine if everyone went back to the old time wood stoves they heated their homes and cooked their food off 1 log a day!!
Deliberate plan. Apparently they are saving the world. Results in 100 years. Perfect polítical gambit.
@@TitleTownStacker That's my plan. I bought wood cook stove last year... come hell or high water, it's getting installed this summer. Along with an additional wood stove in the basement.
@@TitleTownStacker In some states they tell you you can't burn wood or have any fires half the time
The amount of shadyness in these comment sections is astounding. DO NOT LISTEN TO ANYONE SAYING THEY HAVE SOMEONE WHO'S HELPED THEM. SCAMS!
Crypto fomo bots are little different than Jim Cramer fomo automaton.
even the spam is woke now with all the investor people being women 😂
Andy really does not seem confident. Andy seems like he into wishful thinking. Schiff is right.
Andy is willfully disregarding the obvious.
Andy is part of the machine. He knows hyperinflation is around the corner.
Andy is purposely saying this. He is probably a Biden supporter. You can tell with his demeanor that he doesn’t really believe what he’s saying.
I totally agree with Peter Schiff.
I do not always agree with Pete because he cuts to the chase and determines where the economy must ultimately go But listening to him here, I agree with what he is saying 100%.
Wow, a 10yr treasury paying 3.25% is great...if it were not for 18% inflation.
Peter speaks truth
Yes, everything is just fine. Ask a democrat.
It is hard to find a Democrat. They now call themselves Independents.
Our economy is best it has ever been. I know it is cause Joe biden said that.
Nancy managed to save 10 million dollars of her 200k salary in the last year. You just gotta cut out those morning lattes.
@@Tony-qx8dm very funny .
The American economy is headed for something like Venezuela very soon under this current administration. The midterms are a chance to turn that around.
The US will suffer from too much government just like Venezuela does.
The mid terms aren’t going to do anything. The deep state creatures steal elections.
No party will save us..it’s a planned demolition
Scared midterms will be too late for a lot of people
" very soon under this current administration"
If you are being sincere, it didn't start here, isn't only the Dems and it wont end here. Both sides are guilty, they just play different shell games.
What did you expect when we printed a quarter of all money in the last 18 months
Εχactly. Why is it shocking?
When Obama was in office he shut down about 8, refineries supplying the east coast because the west coast was bitchin' that their prices were higher. This was expected since Obama said in a pre-election speech at a Michigan college that he saw 'nothing wrong with $7, per gallon fuel'.
How anyone could get elected with that point of view is beyond me.
It takes a lot of time and money, and crude availability, to bring them back online.
He's probably starting the food processing fires! Obumer was and is a terrible experiment
Elections in all western 'democracies' have been fixed for decades. Politicians do not serve the people. They have higher masters - WEF! By his own admission, Klaus Schwab said they have infiltrated the governments of the world.
Exactly what are “middle class entitlements”? I’m considered middle class and I live in a modest apartment (1000 sq ft) which I own, I drive a 2015 Civic, can’t afford to eat out, shop in Target, pay property tax, homeowners insurance, and got SLAMMED with income tax this year like never never before. So please, WHAT ARE MY ENTITLEMENTS?
If you actually listened he told you he would prefer that the government would cut spending. The entitlements are SSI, Medicaid, and Medicare. Whether you like it or not those are the biggest entitlements. But God forbid we actually stop having wars and cut the military budget.
Peter is the GOAT!!!
Peter I don’t want to pay $5 for the show. I still Love you though!
We are in for a wild and crazy ride… Run to Jesus, He is our only hope
No
Mija, im not waiting until im down and out to turn to Jesus. He is my rock. I dont wear a mask and i dont need the vaccine
Inflation begins when dollars are printed. Printed dollars are a data input to the CPI. The CPI print is the feeeback loop from printed dollars. Keynesians have been trying for decades to print dollars to create inflation-used as a signal to show the stimulus is working. Then before inflation gets entrenched, deflate by destroying printed dollars. The problem here is the Fed didn’t remove the dollars it printed to stimulate. So the higher prices are here to stay for a while. The dollar strength is transitory. You will see a weak dollar once those bonds the fed has on its balance sheet become difficult to sell as higher yielding assets will be more desirable to investors.
I lost everything in the last recession and learned from it. I made sure to live below my means and save every possible dollar. I also invested correctly and diversely instead of buying material things, restaurant meals, and expensive vacations. I've been waiting all these years for the next recession so I can capitalize on irresponsible debt. If this video is correct, it will be a very exciting investment shopping spree for me 🙂.
Consider the Economy as One Huge Engine that Produces the Life Styles that Humans live & Prosper & create a Healthy Financially secure future for their families. Corruption, Manipulation, creation of Unhealthy Political Policy & Diplomatic Environments is a recipe for Engine Failure. People are equally losing money in the financial market in the midst of all these.
@@marksway7292 Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire. Personally I hired ‘’ Eileen Ruth Sparks ’’ a financial advisor who I copy her trades and with a good 7% in ROI monthly.
@@stephaniestella213 I wish people can see this from this perspective sooner than later. things are really going south and everybody is acting cool. How can i reach this advisor?
@@jameswood9772 Look her up on the web if you need guidance, People do not want to wake up to the reality.
Where heading for a deep and dark recession.
Depression.
like the ones after Reagan, Bush, and Dubya? I see a pattern 🤗
@@RobertEskuri it was no where near as bad as it is now.
Love Peter Schiff!! He’s honest and doesn’t BS or sugarcoat the reality of what’s truly going on in our economy right now. So many Americans are in survival mode, I’ve witnessed this first hand, less people are blowing their money on crap they don’t need compared to even a year ago.
Back when I would walk out of a Costco, Target or the mall, and you would see so many carts full with electronic items, TV’s, appliances, gadgets etc.
Not anymore.
Nope! Survival items. Eating habits have foresure changed. 🇺🇸 needs a diet anyway.
Why buy when you can just steal it?
Yep I've noticed bare minimum in carts ..it's so sad and scary 🥺
This will be the Great Depression led by Brandon our fearless cheater and theif.
media will try to cover for him
War on the middle class....
Middle class is always left holding the bag for the degenerates in the other social classes
Yes.
Peter brilliant as usual. 🤣🤣🤣
Peter Schiff back on fox fantastic.
Funny how Peter was dismissed over the past few years by the financial elitists. It appears he's been right all along....Rough seas ahead.....
Elaborate please
Peter is usually wrong for 15 years, then right for 18 months.... repeat cycle
@@Jensth Peter wasn't wrong for 15 years, it's just that the United States has been the equivalent of a heroine addict for 15 years with outrageous money printing to keep it afloat and ridiculous spending policies like funding a war in Ukraine to assist the Nazis and Klaus Schwab's boy, Zelenskyy.
America would not be dealing with this nightmare if fox, cavuto and walace had not thrown The Honorable President Trunp out with the Trash.
Maybe we don’t really have a homeless problem - yet
Peter is always on point!!!! Rather you like him or not!!!
Raising taxes on the middle class is absolutely not the answer, though. He’s wrong about that.
@@linearmemories Correct however it will never happen! The Wealthy used to pay 90% in taxes up until the 1960's wish we can get back to that point!!!
@@linearmemories yes they have to raise taxes on everybody if we want to pay for the government without causing inflation. Right now tax revenue is lower than the cost of government so they have to basically get into debt to cover the difference. So either raise taxes or cut the costs
@@sten260 We spend $800 billion a year on military. We have plenty of room to cut costs. If you added up every single other country’s military budget together, it would be 1,000 billion (1 trillion). So we, alone, only spend 20% less than the entire rest of the world combined.
@@linearmemories yeah but then they have to cut their own jobs which is unlikely. Once you create a government service you can't get rid of it. Doesn't matter if it's military related or whatever
I agree with everything Peter said except to raise taxes on the middle class. That's just more inflation on the middle class via taxes. We should rather cut government spending!!!
Raising taxes lowers inflation. Unpaid government spending raises inflation.
Peter said he preferred cutting spending.
Yeah he prefers cutting spending but you know the government will never do that
Starve the beast.
The Middle Class is getting taxed either way. Either through higher income taxes OR through the inflation tax. Either way, the middle class is getting screwed. Higher taxes on the middle class is better than the inflation tax imho. Remember the government has no money and get their money either through normal taxes, inflation taxes or government bonds. Middle class is where the money is as the rich pays 90% of all the taxes in this country. The parties dont want to raise taxes, no country wants our bonds so we are left with the inflation tax.
Tax the middle class? There will be no middle class at this rate 🤦🏻♂️
That’s what they are aiming for.
They are aiming for socialism/communism. In those forms of government everyone is poor and dependent on the government except the elites. We are headed toward the same thing that happened in Venezuela.
Always good to hear Peter to get a dose of reality.
Agree, he always talks about reality, unfortunately many people call him perma bear.
Sadly this economic crisis means more inflation and more inflation affects the banking system. My condolences to anyone retiring this year..
Most amateur lose money because they are guided by emotions and hype. A good financial planner alleviates that. Everyone who thinks they can 'play' the market should realise that half of all profits made in the market are from dividend - not get rich quick deals. Very certain that this market will recover. the goal is to hopefully stay employed and to keep investing in the market which is exactly what I'm going to do. Find a way to get promoted while investing my money and staying as frugal as possible. My portfolio currently up to 20% from Q1 of 22. Buy the dip or wait...
@@joeljonathan3554 Great idea, exactly what I'm planning on doing now that the market is down, but I'm an amateur investor and I have no idea on stocks to buy or what assets that will yield highest potential. > you seem to be doing well yourself on this volatile market. Please how do you select stocks you invest in??.
I don't do that myself I have my funds very diversified, tho I did it using copy trading system from the advisor "Charlie Laura".. you might have seen her doing some stocks analysis in the news sometime. Met h at a start up funding seminar and since then I've come to know the benefits of her copytrading strategies an aspect of algo trading methods. Her stocks pick are good...
The key to intelligent is diversification.. A diversified portfolio minimise risk while in for a long term. It allows a certain amount of high-return on investment by offsetting possible risk through more stable alternatives.
Cash isn't king at all in this era and I think the best strategy is to start buying in slowly and then gradually increase the peace of buying as the price continues to drop. Don't catch the falling knife, lol. Long term investors know that's the market and economy will recover eventually, and investors should be positioned for such a rebound..
A grown man with a 3 piece business suit and a ball cap, I will not take seriously... I love how she had to explain to the "specialist" that there are different levels of recession 🤣🤣
Most "specialists" of these days are morons.
Whoever said it was a good idea to wear a suit and a ball cap? Yes, the guy looks like a moron.
I wouldn’t be too quick to discount what he’s saying. Also, he’s wearing a 2 piece business suit.
Not a 3 piece suit but I agree with the point.
Don’t forget his “money” tie 😂 so unprofessional what a clown
I’m expecting a global depression the way things are going lol
Yep
We have been in recession since 2008 if you use the same CPI metric we had in 1980. By modifying CPI measurement it makes GDP appear larger. In real terms the US economy has been shrinking 3% a year since 2008.
@Christina Evans it has. We are now beginning to catch up in some ways now. But if you get on these chats with us expect some of us to complain.
If you wanna be successful, you most take responsibility for your emotions and not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed
Sure, that's a better way to overcome inflation
Living in one's "comfort zone" is a contributing cause to the plight of young people.
You most be willing to make sacrifices and leave your comfort zone if you wanna become wealthy.
Success is grace and favor not hard work alone. I am successful today in the ways and manner I invested my daily earnings.
Fear is a total failure when you give up Ambitiousness; and Success is a game of dice, you throw your $coin while your investment decides your goal.
Inflation is just the beginning, how can that be,…Brandon is doing all he can to fight inflation.
FJB
research the invention secrecy act and watch the documentary unacknowledged, our US government is lying to us about our technology advancements, I promise.
Yea just wait till the strategic petroleum reserve runs out then oil prices are really gonna explode, I really think we could see 150-170 barrel in the next couple months and oil is part of everything so yea inflations not gonna stop.
Eating ice cream does nothing to combat inflation.
The absolute last thing we need to do is tax the middle class more. There isn't going to be a middle class left even as things are. The top 1% have PLENTY of money to invest.
top 1% already pays 50% of all the taxes, 99% need to start paying more taxes as well if we want all that government
Welcome to the real world.
Peter is a very intelligent and concise speaker....
Peter hasn't been wrong all this time... Just really early! Many of us thought people would be smart enough to see it earlier and prepare... Instead people ignored us and many even called us crazy... Those people are the ones prolonging this and making it worse on themselves... It is like building a brick wall on an unsteady foundation! The foundation is giving out and they are at the top of a ladder with a bunch of bricks!
I read about a man in his 50s that started investing in stocks and real estate, then retired in 2years with over $6million, that right there is my utmost goal and I'd really appreciate clues and tips on how to reach this goal within 5years
Everything is possible, it all depends on your consistency and discipline.
@Dr Benny That's awesome 👏 if it is not asking too much, do you mind hooking me up with your coach?
@Dr Benny Thanks for sharing, just looked up the broker you mentioned on google and I'm super impressed with her credentials. I will be writing her an email shortly
3,4,5 percent bond yields don't cut it when inflation is well above 8.3%.
True. But when the prices of stocks are going down, it might make sense.
Peter the Great!!
Leggy Liz said it right, inflation has not peaked!
Bidenflation turning into Bidenhyperinflation real soon !
i know. You love it.
These bubbles have been nurtured by all recent administrations. It’s not practical politics to be fiscally responsible.
@@williamadams5384 i hate it and the dumbasses who voted for this imbecile. Are you one ?
How do you control inflation when the currency is fiat and you have a $30Trillion National Debt? Answer: You Don't!!!
30 try 100 trillion that not on the books
Easy, just keep spending money you don't have
Love Peter Schaffer! He helped our family a lot!
The clock is ticking ever so closer to Peter’s broken watch.
He's finally right. Vindication! 😁
You are a buffoon. Peter has been talking facts since 2008 and now the chickens have come home to roost.
I’m so glad that the border problem has been taken care of. That was a major problem for the US.
Peter Schieff is on it as usual! Great guest! That other clown is delusional 🤣
That's scary, they trashed the system.
Peter being saying this for ages never right
Give Peter his own show! Absolute legend!
He has his own show! It’s the Peter Schiff Show/Pocast!
@@nickbrian9882 Yeah, give him a slot on Fox biz though.
@@GrasslandHerbivore lol he would have everyone living in bunkers hoarding gold 🤣
@@JayNayMay You're just jelly you don't have any gold in your bunker lol
@@GrasslandHerbivore lol I dont have a bunker , but I do have gold.
Interest Rates need to be at 10%, but the Fed can't do this because of the insane level of government debt.
Exactly. If they admitted the truth though we will see the stock market halved overnight
Peter has been warning about inflation at least since 2013 and people have been mocking him for that. Now here we are with inflation hurting people’s lives.
Just like they mocked him years before the housing crash; when he told them the housing market was headed for a fall.
@@cg5648 exactly
Peter Schiff is a genius! Listen to that man!!!
Peters the man!
Peter has been saying gold is going to take off for years and years. I hope some day he's right. It's gone sideways for a long time.
He was right today.
I bought in at 1100 oz, and it's a up to 1800 now...sell a little and hold a lot
@@Eli-qr9hc wow, when did you buy in? What year?
@@artvandelay2591 probably 2019
Its a depression not a recession.
Lets get the pipeline finished.
Encourage fuel economy in USA.
Yes,encourage fuel economy.after all,right now everyone is just joy riding around,right ?
How about a 10 percent flat tax ??? Oh my can't do that.. that would be fair across the board.. drilling oil equals lowering inflation. Period. Never again raise the debt ceiling again except to adjust for inflation.
Better if we just cut government and eliminated taxes. We'd at least get more done.
I’m paying out 37% in taxes and insurance out of my paycheck and this guy is saying they need to tax me more?! How do people think that the government should raise taxes on my paycheck? If this happens I believe you will see a lot of bankruptcies.
That’s the price of maintaining an overblown government.
He’s not saying that’s his desire; he’s saying those are the only viable options available to the government…Raise taxes or cut spending. Peter is a libertarian and abhors big government
Listen 02:48 "i would prefer spending cuts, and if they were not doing one of those 2 things" so he is explaining 2 ways to fight inflation, and he prefer spending cut.
"You will own nothing and be happy"
Correct. This is the cost of the government that you voted for. The US government ran 2 trillion dollars in deficit last year. The Covid year was 3 trillion dollars deficit. Just to cover the government budget for the last 2 years, the Fed needed to print 5 trillion dollars. The deficit has to be eliminated in order to fix this. The two ways to achieve that would be 1) Cut spending until the tax revenue is higher than spending or 2) increase taxes until tax revenue is higher than spending. Pick your poison, you're going to hate both options.
You will see massive bankrupcies and layoffs either way, because the recession is going to hit hard. So it doesn't even matter whether there is any attempt to control inflation, the layoffs and bankruptcies are coming because the economy is completely dysfunctional.
The man himself Peter Schiff
After 10 years, Peter finally called it.
Because the FED and Amurikkka tried to delay the disaster by making the problem bigger and bigger and the bubble grew so much..that they cannot do anything now... just implementing The Great Reset! Just watch World War 3 and how the banks will confiscate all the money from accounts... only the one who have Gold, Silver, CASH will survive!
Inflation is very difficult to stop once it started… Especially in an economy where there’s so much debt
Especially with automotive loans and credit card debt being at an all-time high.
Peter is always right ✌🏻 we are headed for trouble.
Yes that’s why they need there own boot out of congress swamp scum and vote republicans party. Vote for the greatest president ever. Trump will change everything with a number of EO’S . We will play that game too.
We need to jail the bad people who are in VM jail and must stay in jail for a longer
Peter needs his own show on Fox. He would have a huge audience.
This will end up on Peter's highlight reel.
Must be nice to be rich and dodge taxes when your country needs you
Dude he pays more taxes in one month than you ever will in your entire life what are you talking about smh. Not to mention he employees hundreds of people. How many people have you ever given a job to? Exactly. Turn off the CNN. If you're angry about taxes why don't you ask your government why don't give people more tax breaks they claim to help
You doofus. What we desperately need now is government spending cuts AND accountability, not tax hike. Tax hike without accountability is like pouring more water into a leaking bucket with many holes. The government, ESPECIALLY this corrupt, psychopathic government is the problem. I bet all my net worth that tax hike, thus increased unaccountable government spending WILL make the inflation worse. STARVE THE BEAST.
Wow, we are now talking about different levels of recessions. Lol
Andy is promoting economic cheer-leading. Peter is promoting reality.
Lol the other guest thought inflation had already peaked. Boy was he wrong! 😂🤣
We need to get oil supply and refinery up
I remember two months ago when there was a definition for recession. Ahh the good old days
Yes. Just starting.
B plus A minus and Peter just can't hold back the laugh in his face! Lol
Inflation peaked?? 😂
F. minus to the FED.
This guys hat grinds my gears
A slow down in every single sector of the economy, and he doesn't think we will be in a recession?? Interesting, not what I believe when its crumbling
You're 100% correct. One of the ominous signs of recession is the downward co-movement in several unrelated sectors. At this point, those who say that this inflation is just a tRaNsIeNt eVeNt that won't lead to recession are either suckers and or psychopaths. I do hope their money is directly tied to what they say, though. I'd be gladly short everything they touch.
Don’t need more than a 3rd grade education to see we are going full steam ahead into another Great Depression. What are people going to do when their credit cards max out? I wonder what foreign country we are going to give borrowed money this week?
The skyrocket revolving credit usage will become an epic problem in December this year. Very concerning.
Already is an epic problem to be fair.
Good report
Love Peter. Bring him back!
That too-small baseball cap is constricting that guy's brain. The economy is headed off a cliff.
Lol
Yes 100% we fixin crash blind if u don't see that inflation is moving too fast
All on this Administration biden
Cant wait for Peter Schiff was right 2.0
Exactly. We are screwed and the chickens have come to roost.
You will own nothing, and be happy
HAHAHHAHA YET YOU KEEP VOTING DEMOCRAT SO DEAL WITH IT 🤣
Peter Schiff will be right again!
Food will keep skyrocketing. This is just the beginning.
Why listen to a grown man wearing a baseball cap and a business suit?
Schiff is the MAN!
Peter Schiff is spot on. I am in the Laffer, Kudlow crowd that play time is over for the FED . Inflation not curtailed but fed like a fire with fuel is fixed. I lived through this crap in the mid 70's and lasted until addressed with aggression in 80 and took two years to rein in.
I fear this is absolutely right. There's no magic brake lever.
Peter 100 percent right