{"id":50181,"date":"2019-12-17T17:41:50","date_gmt":"2019-12-17T22:41:50","guid":{"rendered":"https:\/\/olduvai.ca\/?p=50181"},"modified":"2019-12-17T17:41:56","modified_gmt":"2019-12-17T22:41:56","slug":"peter-schiff-the-fed-is-not-done-cutting-until-it-gets-to-zero","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=50181","title":{"rendered":"Peter Schiff: The Fed Is Not Done Cutting Until It Gets to Zero"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/schiffgold.com\/interviews\/peter-schiff-the-fed-is-not-done-cutting-until-it-gets-to-zero\/\">Peter Schiff: The Fed Is Not Done Cutting Until It Gets to Zero<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2019\/12\/peter-kitco2-1216.png\"><img decoding=\"async\" src=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2019\/12\/peter-kitco2-1216.png\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p>Peter Schiff recently appeared on Kitco news with Daniela Cambone to talk politics, the economy and the Fed. He said that no matter what Jerome Powell is saying, the Fed central bank isn\u2019t finished with rate cuts.&nbsp;<\/p>\n\n\n\n<figure><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/uoKqaCZxwew\" width=\"560\" height=\"315\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/figure>\n\n\n\n<p>Lisa started out the interview asking Peter what he thought about the impeachment hearings and Trump\u2019s prospects for reelection. Peter said it certainly looks like the House will impeach Trump. He doesn\u2019t think it\u2019s likely the Senate will remove him from office, but he also doesn\u2019t think the president will be reelected in 2020 unless the economy can hold together.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>I thought it was far more likely that he was elected originally, but I don\u2019t think his prospects are as great now as they were then, although the conventional wisdom is the opposite. Most people thought he had no chance of winning last time and they think he can\u2019t lose this time because they think we have this great economy, but we don\u2019t. We just have another stock market bubble.\u201d<\/p><\/blockquote>\n\n\n\n<p>Lisa pointed out that unemployment is supposedly at 50-year lows.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Well, sure. The unemployment rate was very low when Obama left office. I mean, the unemployment rate, at least the official rate, was declining for almost the entirety of the Obama presidency, and when Donald Trump ran against low unemployment, he said that the numbers were fake. That they were phony. That it was a fraud. That it was a hoax, and if you look at the real unemployment rate, where you look at all the people that were working part-time that wanted to work full-time, all the discouraged workers who had dropped out of the workforce, that the real unemployment rate was much higher. And that\u2019s still the case today. <\/p><\/blockquote>\n\n\n\n<p>\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 Not Done Cutting Until It Gets to Zero Peter Schiff recently appeared on Kitco news with Daniela Cambone to talk politics, the economy and the Fed. He said that no matter what Jerome Powell is saying, the Fed central bank isn\u2019t finished with rate cuts.&nbsp; Lisa started out the interview [&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":[431,1389,18779],"class_list":["post-50181","post","type-post","status-publish","format-standard","hentry","category-economics","tag-interest-rates","tag-nirp","tag-schiffgold"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50181","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=50181"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50181\/revisions"}],"predecessor-version":[{"id":50182,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50181\/revisions\/50182"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}