Peter Schiff: Government Can't Pay Its Bills If Fed Admits Inflation Isn't Transitory
Fed triples its estimated duration of transitory inflation.Republicans have no credibility to criticize government spending and money printing.Fed vows to make the rich richer and the poor poorer by focusing on employment rather than inflation.Jerome Powell refuses to acknowledge whether being paid more to not work discourages employment.Republicans won't put blame on the Fed, because they benefit more from blaming the Democrats.Maxine Waters praises Jerome Powell on his irresponsible leadership.
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He's also the author of the bestselling books: Crash Proof 2.0
