{"id":42602,"date":"2019-01-11T18:38:21","date_gmt":"2019-01-11T23:38:21","guid":{"rendered":"https:\/\/olduvai.ca\/?p=42602"},"modified":"2019-01-11T18:38:21","modified_gmt":"2019-01-11T23:38:21","slug":"peter-schiff-this-is-the-beginning-of-a-much-bigger-crisis-video","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=42602","title":{"rendered":"Peter Schiff: This Is the Beginning of a Much Bigger Crisis (Video)"},"content":{"rendered":"

Peter Schiff: This Is the Beginning of a Much Bigger Crisis (Video)<\/a><\/h3>\n
\"\"<\/a><\/div>\n

Wall Street has been on a roller coaster ride over the last few months. If you listen to the pundits on the financial networks, you\u2019ll hear the word \u201cvolatile\u201d used over and over again. That word certainly seems to describe the current state of US stock markets and in a broader sense the economy. But during a recent interview on RT News<\/em> with Rick Sanchez, Peter Schiff said it\u2019s not that the economy is volatile. It\u2019s actually a bubble<\/a>. And we are on the verge of a bigger crisis than the one we went through in 2008.<\/span><\/p>\n

It\u2019s not a volatile economy, it\u2019s a bubble economy. Thanks to the Federal Reserve, they inflated an even bigger bubble, on purpose, than the one they inflated by accident that popped in 2008. And so the economy is in much worse shape structurally today then it was before it fell apart the last time. So, this is the beginning of a much greater crisis, of a much greater recession than the one that we experienced back in 2008.\u201d<\/p><\/blockquote>\n