The Fed Is Bluffing: No Exit Strategy Exists (Audio)

Chris Waltzek interviewed Peter Schiff on GoldSeek radio last week. Peter spoke at length about the mainstream misconception that the US economic recovery has been successful thanks to monetary stimulus and that the rest of the world needs to follow the same strategy. Eventually, Peter argues, the market will have to wake up to the fact that the Fed can never and will never end quantitative easing. That’s when investors will stop ignoring gold and the price will rise.

“It’s not a genuine economic recovery that is sustainable. They have created a phony recovery that needs ever increasing doses of QE to continue. So if they want to stop it from imploding, they’re going to need more QE. But they can’t admit that…”

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