Peter Schiff attended Cambridge House International’s Vancouver Resource and Investment Conference last month, and gave a speech entitled, “Why Canada Will Divorce the US and Marry China”. Peter shared his thoughts on Obama’s first and second terms, the relationship of the US to the rest of the global economy, and Japan’s currency devaluation.
“You’ll hear the Federal Reserve now all the time talk about their exit strategy: ‘We got an exit strategy, we’re going to be able to take the punch bowl away, we’re going to raise interest rates when we have to.’ See, that’s all a bluff. The Fed has no exit strategy. It’s impossible.”