{"id":57935,"date":"2021-05-19T06:16:58","date_gmt":"2021-05-19T11:16:58","guid":{"rendered":"https:\/\/olduvai.ca\/?p=57935"},"modified":"2021-05-19T06:18:43","modified_gmt":"2021-05-19T11:18:43","slug":"peter-schiff-and-tucker-carlson-the-financial-crisis-will-be-worse-than-the-pandemic","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=57935","title":{"rendered":"Peter Schiff and Tucker Carlson: The Financial Crisis Will Be Worse Than the Pandemic"},"content":{"rendered":"

Peter Schiff and Tucker Carlson: The Financial Crisis Will Be Worse Than the Pandemic<\/a><\/h3>\n
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Consumer Price Index (CPI) data for April<\/a>\u00a0came in much hotter than expected. Year-on-year, inflation is up 4.2%.\u00a0The big number even prompted Federal Reserve Vice Chairman Richard Clarida to say, \u201cWe were\u00a0surprised<\/em>\u00a0by higher than expected inflation data.\u201d<\/p>\n

Peter Schiff appeared on Tucker Carlson\u2019s show to talk about the consequences of more printed money chasing fewer goods. Peter said inflation is going to hit the middle class harder than the pandemic.<\/span><\/p>\n

Peter said this hot CPI print is a cause for concern and ultimately it is a tax.<\/p>\n

It is the inflation tax. And if you look at how much the cost of living went up, measured by the CPI in the first four months of this year, it\u2019s 2%. So, if you triple that to annualized it, we have consumer prices rising at 6% annually. But if you look at the monthly numbers, every month it accelerates. So, if you extrapolate the trend of the first four months of this year for the entire year, you\u2019re going to get a 20% increase in consumer prices in 2021.\u201d<\/p>\n

VIDEO<\/a><\/p><\/blockquote>\n

Tucker asked a poignant question. If the value of the US dollar is falling as quickly as the CPI suggests, why would any country want to invest in US bonds? Doesn\u2019t this threaten to cause a shake-up?<\/p>\n

Peter said they won\u2019t want to invest. They\u2019ll be selling US Treasuries.<\/p>\n

Anybody that can connect these dots is going to be selling US Treasuries. And the problem is there\u2019s a lot of US Treasuries to be sold.\u201d<\/p><\/blockquote>\n

Peter noted that a lot of people are talking about a shortage of goods.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

Peter Schiff and Tucker Carlson: The Financial Crisis Will Be Worse Than the Pandemic Consumer Price Index (CPI) data for April\u00a0came in much hotter than expected. Year-on-year, inflation is up 4.2%.\u00a0The big number even prompted Federal Reserve Vice Chairman Richard Clarida to say, \u201cWe were\u00a0surprised\u00a0by higher than expected inflation data.\u201d Peter Schiff appeared on Tucker […]<\/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":[1055,172,303,426,534,538,963,13351,18779,4509,14693,3650],"class_list":["post-57935","post","type-post","status-publish","format-standard","hentry","category-economics","tag-consumer-price-index","tag-cpi","tag-fed","tag-inflation","tag-monetary-policy","tag-money-printing","tag-peter-schiff","tag-price-inflation","tag-schiffgold","tag-tax","tag-tucker-carlson","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57935","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=57935"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57935\/revisions"}],"predecessor-version":[{"id":57937,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57935\/revisions\/57937"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}