Yesterday, on Yahoo! Finance, Jim Rickards spoke with Lauren Lyster about how Janet Yellen will perform as Chairman of the Federal Reserve. Rickards agrees with Peter Schiff, reasoning that Yellen is going to keep the stimulus flowing. He also explained why he thinks the US is actually in a depression and will be experiencing a recession within that depression next year!
“You can have a recession within a depression, in fact I expect a recession next year… This recovery is four years old. The average recovery is fifty months or so… Besides that, with the sequester, the government shutdown… Fewer and fewer people are working, so I don’t see where the drivers of growth are coming from.”
Watch the Full Interview Here
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
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Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!
Rickards: We’re In a Depression (Video)
Yesterday, on Yahoo! Finance, Jim Rickards spoke with Lauren Lyster about how Janet Yellen will perform as Chairman of the Federal Reserve. Rickards agrees with Peter Schiff, reasoning that Yellen is going to keep the stimulus flowing. He also explained why he thinks the US is actually in a depression and will be experiencing a recession within that depression next year!
Watch the Full Interview Here
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!