April 1, 2014

The Federal Reserve Is In A Corner

"The Fed will be in a situation shortly where it has to choose between the dollar and everything else - the economy, the stock market, the real estate market—because if the Fed continues with the tapering as scheduled, and then begins to raise interest rates, we will have a worse financial crisis than in 2008.

We’ll have a big drop in the stock market, a big drop in the real estate market. All the banks that they bailed out in 2008 will fail again. Only this time there’s not enough money to bail them out, because they’re so much bigger. Everybody is going to be entering into this crisis with a lot more debt than they entered the last one." - in ETF.com

You can keep reading Peter Schiff`s market updates and commentary on this new website: Schiff On The Markets (click on the link or on the image below to access the new site)

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. Visit the new website Schiff On The Markets for exclusive content.
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