{"id":59466,"date":"2021-09-24T11:57:51","date_gmt":"2021-09-24T16:57:51","guid":{"rendered":"https:\/\/olduvai.ca\/?p=59466"},"modified":"2021-09-24T11:57:51","modified_gmt":"2021-09-24T16:57:51","slug":"peter-schiff-gold-will-explode-the-dollar-will-implode-when-the-markets-figure-this-out","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=59466","title":{"rendered":"Peter Schiff: Gold Will Explode; The Dollar Will Implode When the Markets Figure This Out"},"content":{"rendered":"

Peter Schiff: Gold Will Explode; The Dollar Will Implode When the Markets Figure This Out<\/a><\/h3>\n
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Peter Schiff says gold will explode and the dollar will implode when the markets figure out the Fed is crying wolf when it comes to monetary tightening.<\/p>\n

The Federal Reserve wrapped up another meeting without making any changes to its current extraordinary, loose, inflationary monetary policy. But the central bank did hint that it may start tapering its\u00a0quantitative easing<\/a>\u00a0program \u201csoon.\u201d<\/span><\/p>\n

That was enough for the markets. They continue to expect the Fed will tighten monetary policy and fight surging inflation.\u00a0Gold<\/a>\u00a0sold off after the FOMC statement came out, dropping about $10.<\/p>\n

The gold market has battled these headwinds for months. Every time the Fed hints at tightening, gold sells off. Every time inflation numbers come in hot, gold sells off. This doesn\u2019t make sense. Why would investors sell an inflation hedge during an inflationary period? Because they honestly think the central bank can and will sweep in and successfully fight inflation.<\/p>\n

But as we have said over and over again,\u00a0the Fed cannot possibly tighten in this economic environment<\/a>. In\u00a0an interview on\u00a0RT Boom Bust<\/em><\/a>, Peter Schiff said even if the Fed does begin to taper, it will eventually reverse course and ultimately expand QE.<\/p>\n

It knows the only foundation this bubble economy has is the Fed\u2019s easy money policies. And I don\u2019t think they have any actual plans to taper. And even if they just kind of feign the process by beginning it, they\u2019ll never complete it because soon after they start the taper, again, if they even ever start, they\u2019re going to have to reverse the process. Because ultimately, the Fed Fed is going to expand the QE program and start to buy a lot more government Treasuries and mortgage-backed securities in the future than it\u2019s doing right now.\u201d<\/p><\/blockquote>\n

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

Peter Schiff: Gold Will Explode; The Dollar Will Implode When the Markets Figure This Out Peter Schiff says gold will explode and the dollar will implode when the markets figure out the Fed is crying wolf when it comes to monetary tightening. The Federal Reserve wrapped up another meeting without making any changes to its […]<\/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":[124,303,374,426,534,963,647,661,662,21879,839,3650],"class_list":["post-59466","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-fed","tag-gold","tag-inflation","tag-monetary-policy","tag-peter-schiff","tag-precious-metals","tag-qe","tag-quantitative-easing","tag-schiff-gold","tag-us-dollar","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59466","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=59466"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59466\/revisions"}],"predecessor-version":[{"id":59467,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59466\/revisions\/59467"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}