Peter Schiff joins Fox Business to break down Jay Powell’s latest comments as markets slide and uncertainty rises. While the Fed signals confidence in a soft landing, Schiff argues the reality is far more dangerous.
He explains why inflation is already running hotter than the Fed admits, why rate cuts were a mistake, and why the Fed is too afraid to do what’s necessary. Schiff warns that rising oil prices, war spending, and exploding deficits will force more money printing, driving inflation even higher and weakening the dollar.
He also points to a deteriorating housing market, excessive consumer debt, and slowing GDP as signs the economy is far weaker than officials claim. According to Schiff, the combination of recession and inflation could lead to a crisis worse than 2008.
In this interview, Peter outlines why gold, silver, and mining stocks remain the key opportunity while U.S. stocks and bonds are still significantly overvalued.
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