You know we’ve got a phony recovery, so it’s going to fail. So we are going to get more QE. It’s not that we need it, but if we don’t have QE3, then we are back in recession. The Fed is going to try to stop that, even though the recession is part of the cure. We have a lot of problems, and if we cure them it’s going to mean a short-term recession as we repair the damage.
Until the Fed lets us have a real recession, as painful as that may be, we are never going to have a recovery. We’re just going to have these artificial, stimulus induced highs that are going to result in relapse to recession as the stimulus wears off. - in Revolution Radio
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.