Peter Schiff appeared on Arise News Exchange to share his thoughts on the looming debt ceiling “crisis” and the future of the Fed’s quantitative easing. Contrary to many analysts, Peter believes the next step for the Fed is to increase the size of the stimulus. You know what that means for precious metals…
“The Fed knows that the only thing propping up this phony economic recovery is their QE. Rather than tapering, the next move by the Fed is going to increase the size of those monthly QE injections… What’s going to stop the Fed is a currency crisis, a collapse in the value of the dollar, a collapse in the bond market… If you did get out [of gold], you should get back in before it’s too expensive to get back in.”
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