{"id":43813,"date":"2019-02-14T16:58:43","date_gmt":"2019-02-14T21:58:43","guid":{"rendered":"https:\/\/olduvai.ca\/?p=43813"},"modified":"2019-02-14T16:58:45","modified_gmt":"2019-02-14T21:58:45","slug":"peter-schiff-this-is-the-beginning-of-the-end-for-the-economy","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=43813","title":{"rendered":"Peter Schiff: \u2018This Is The Beginning Of The End\u2019 For The Economy"},"content":{"rendered":"\n

Peter Schiff: \u2018This Is The Beginning Of The End\u2019 For The Economy<\/a><\/h3>\n\n\n\n
\"\"<\/figure><\/div>\n\n\n\n

Peter Schiff, the President and CEO of Euro Pacific Capital, and one of the few who predicted the 2008 Great Recession before it happened has said that what we are experiencing now is \u201cthe beginning of the end.\u201d Schiff made his comments during his keynote speech at the Vancouver Resource Investment Conference.<\/p>\n\n\n\n

The economic guru says that the Federal Reserve has made the decision to halt interest rate hikes in order to attempt to save the flailing stock market \u2013 the key indicator for far too many of how \u201chealthy\u201d the economy is at current. According to Seeking Alpha<\/em><\/a>, the markets responded to the Fed\u2019s decision in a positive manner, leading many to think we are \u201cout of the woods\u201d and no longer in danger of a recession.<\/p>\n\n\n\n

However, Peter traces the moves of the Federal Reserve all the way back to the first rate hike of December 2015 and shows how the central bank has put the United States on a path toward a financial crisis that will be bigger than 2008.<\/a> Peter insists he\u2019s been right about what would happen all along, it\u2019s just taken us a little longer to get to the actual financial disaster than he expected.<\/p>\n\n\n\n