{"id":48214,"date":"2019-09-03T15:28:56","date_gmt":"2019-09-03T20:28:56","guid":{"rendered":"https:\/\/olduvai.ca\/?p=48214"},"modified":"2019-09-03T15:29:02","modified_gmt":"2019-09-03T20:29:02","slug":"peter-schiff-the-fed-is-unable-to-delay-a-recession-any-longer","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=48214","title":{"rendered":"Peter Schiff: The Fed is &#8216;Unable to Delay&#8217; a Recession Any Longer"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.shtfplan.com\/headline-news\/peter-schiff-the-fed-is-unable-to-delay-a-recession-any-longer_09022019\">PETER SCHIFF: THE FED IS \u2018UNABLE TO DELAY\u2019 A RECESSION ANY LONGER<\/a><\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.shtfplan.com\/wp-content\/uploads\/2017\/12\/peterschiff-e1512576542536.jpg\" alt=\"\" class=\"wp-image-52119\"\/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">According to Peter Schiff, the chief global strategist at Euro Pacific Capital, it was a \u201chuge mistake\u201d for the Federal Reserve to cut interest rates last month.&nbsp; Schiff says there is no way for the Federal Reserve to stops the United States from going into a recession.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThey never should have taken rates to zero in 2008 and held them there for 7 years,\u201d<a href=\"https:\/\/www.rt.com\/business\/467628-us-recession-coming-fed\/\" target=\"_blank\" rel=\"noreferrer noopener\">the veteran economic analyst told&nbsp;<em>RT<\/em>.<\/a>&nbsp;\u201c<strong>Zero interest rates and quantitative easing have created problems in our economy that will take generations to fix. However, the healing will never get underway if the Fed goes right back to zero<\/strong>&nbsp;(which is where they are headed).\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Schiff, it\u2019s impossible to build a viable economy on the back of artificially low interest rates.&nbsp;\u201cAll it accomplishes it to push up asset prices, creating bubbles and malinvestments that hurt the economy.&nbsp;<strong>Relying on low interest rates for growth makes it certain that recessions will ensue when monetary policy tightens,<\/strong>\u201d he added.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Runaway government debt and the Trump tariffs provided the final push to tip us back toward an inevitable recession, Schiff said. He added: \u201cthe Fed is not causing the recession; they are just unable to delay it any longer.\u201d Unfortunately, if interest rates are \u201callowed\u201d to rise organically to levels that reflect a healthy economy, the interest payments on government debt will sink the government and that\u2019s exactly why President Donald Trump is desperate for artificially low interest rates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a rel=\"noreferrer noopener\" href=\"https:\/\/www.shtfplan.com\/headline-news\/peter-schiff-a-great-recession-will-hit-jeopardizing-trumps-reelection-efforts_08152019\" target=\"_blank\">Peter Schiff: A \u201cGreat Recession\u201d Will Hit Jeopardizing Trump\u2019s Reelection Efforts<\/a><\/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 \u2018UNABLE TO DELAY\u2019 A RECESSION ANY LONGER According to Peter Schiff, the chief global strategist at Euro Pacific Capital, it was a \u201chuge mistake\u201d for the Federal Reserve to cut interest rates last month.&nbsp; Schiff says there is no way for the Federal Reserve to stops the United States from [&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":[963,6490,3650],"class_list":["post-48214","post","type-post","status-publish","format-standard","hentry","category-economics","tag-peter-schiff","tag-shtfplan-com","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48214","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=48214"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48214\/revisions"}],"predecessor-version":[{"id":48215,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48214\/revisions\/48215"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}