{"id":46536,"date":"2019-06-05T15:52:24","date_gmt":"2019-06-05T20:52:24","guid":{"rendered":"https:\/\/olduvai.ca\/?p=46536"},"modified":"2019-06-05T15:52:28","modified_gmt":"2019-06-05T20:52:28","slug":"peter-schiff-the-fed-is-going-to-stimulate-inflation-not-the-economy-video","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=46536","title":{"rendered":"Peter Schiff: The Fed Is Going to Stimulate Inflation, Not the Economy (Video)"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/schiffgold.com\/videos\/peter-schiff-the-fed-is-going-to-stimulate-inflation-not-the-economy-video\/\">Peter Schiff: The Fed Is Going to Stimulate Inflation, Not the Economy (Video)<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2019\/06\/peter-closing-bell.png\"><img decoding=\"async\" src=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2019\/06\/peter-closing-bell.png\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">In December,&nbsp;<a href=\"https:\/\/schiffgold.com\/videos\/peter-schiff-nailed-it-video\/\">Peter Schiff predicted that the Federal Reserve was about to hike rates for the last time<\/a>&nbsp;and that the next step would be rate cuts. Yesterday, Jerome Powell made comments widely interpreted to signal the rising likelihood of a rate cut. The Fed chair dropped the word \u201cpatient\u201d from his vocabulary, saying the central bank would respond as \u201cas appropriate\u201d to the perceived economic impacts of tariffs and other economic data.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Peter appeared on Fox Business Countdown to the Closing Bell with Liz Claman to talk about what\u2019s next up for the Fed and how it will impact the economy.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>I don\u2019t think that Powell would even open the door to the possibility of a rate cut if he wasn\u2019t prepared to walk through it.\u201d<\/p><\/blockquote>\n\n\n\n<figure><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/bSE5ZSMqe_w\" width=\"560\" height=\"315\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Peter said the reason he knew the Fed would end the hiking cycle in December was because the stock market was tanking and he knew the only way the central bank could stop the carnage was to take the rate hikes off the table.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Well, now it\u2019s falling again, and so now all they\u2019ve got left in their quiver is to actually cut rates.\u201d<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Claman pointed out that the stock market was popping at the mere suggestion of a rate cut.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cExactly!\u201d Peter said. \u201cBut I think people are wrong if they think it\u2019s going to work again.\u201d<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>The Fed was able to inflate an enormous bubble with QE one, two and three, and keeping rates at zero for as long as they did. But the next time, it\u2019s not going to work.\u201d<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Peter reiterated\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/schiffgold.com\/peters-podcast\/peter-schiff-bond-buyers-are-right-about-a-recession-but-theyre-making-the-wrong-bet\/\">a point that he made during his podcast last week<\/a>, noting that bond traders are anticipating a recession. They are betting that the Fed will cut rates during the downturn.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peter Schiff: The Fed Is Going to Stimulate Inflation, Not the Economy (Video) In December,&nbsp;Peter Schiff predicted that the Federal Reserve was about to hike rates for the last time&nbsp;and that the next step would be rate cuts. Yesterday, Jerome Powell made comments widely interpreted to signal the rising likelihood of a rate cut. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[426,963,25991,21879],"class_list":["post-46536","post","type-post","status-publish","format-standard","hentry","category-economics","tag-inflation","tag-peter-schiff","tag-rate-cuts","tag-schiff-gold"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46536"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46536\/revisions"}],"predecessor-version":[{"id":46537,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46536\/revisions\/46537"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}