Peter Schiff: Central Banks Were Inflation Firemen, Now Arsonists
Fergus Hodgson, 29 September 2016 
Peter Schiff has gained notoriety as a specialist in market bubbles, particularly in the US context. He will be a guest at the upcoming New Orleans Investment Conference, and he unleashes in this episode and tears the Federal Reserve to shreds, noting that they have trapped themselves with consecutive expansions to the monetary base. Now, despite inflationary pressure, they are powerless to raise interest rates without causing a default in the federal government.
CEO and chief global strategist for Euro Pacific Capital, Schiff says interest rates will remain below zero in real terms for years to come, and may even go negative in nominal terms as well: “
Cohost Brien Lundin (left) chats with Peter Schiff (right) at the 2015 New Orleans Investment Conference.
Recommended Links
- “Real versus Nominal,” Library of Economics and Liberty.
- The Real Crash: America’s Coming Bankruptcy by Peter Schiff (463 pages, St. Martin’s Press, 2014).
- “Negative Rates Will Kill Growth” by Peter Schiff with Euro Pacific Capital.
- Goldmoney savings and payments network.
Fergus Hodgson (@FergHodgson) is an economic consultant and Gold Newsletter‘s digital-media director.