Peter Schiff Predicts High Consumer Price Inflation
Peter Schiff has made several predictions in 2020 but the most notable is consumer price inflation because of the Federal Reserve taking their balance sheet to infinity and beyond (creating limitless bank reserves) for the endless bailouts.
The national debt just passed $24 trillion, up $4 trillion since @realDonaldTrump took office. He will add more debt in 4 years than Bush did in 8. If reelected he will add more debt in 8 years than Bush & Obama did in 16. Instead of draining the swamp, he is draining the nation.
— Peter Schiff (@PeterSchiff) April 8, 2020
But will these additional currency units get into the real economy and create the consumer price inflation Peter Schiff is predicting or to what degree does it matter?
Peter Schiff has been predicting inflation for a long time and although it hasn't gone up to the degree Peters talked about it has gone up.
Oddly enough, at the same time, the US dollar has gotten “stronger.” So is Peter going to be correct about his prediction for consumer price inflation that's more like what we saw in the 1970s compared with what we've seen in the US over the last decade?
I explore Peter's prediction in detail and answer the question “is Peter Schiff right or wrong about inflation?”
If you're interested in the future of the economy, gold, the US dollar, or inflation THIS VIDEO IS FOR YOU!! In this Peter Schiff prediction video I discuss the following:
1. The nuances of inflation.
2. An explanation of deflation.
3. Is Peter Schiff correct? If so, why?
Make sure to watch the video above to learn more.