CNBC Admits Peter Schiff Was Right

By: Curtis Wayne 0 Comments   1/15/2016

This is a classic, just a few weeks ago CNBC interviewed Peter Schiff and several analysts trying to ridicule Peter’s predictions about QE4, the Fed raising interest rates and the coming recession in 2016.

They basically laughed at Peter, discounting all of his predictions.

Here is the video:

Today was just the opposite, two weeks into 2016 with the market down 8-20% - the same analysts interviewed Peter and didn’t know what to say. 

They were in utter shock.  They still have no idea that the Fed didn’t help the economy. The Fed only made the economy look like the it was recovering. 

Here is the Video:

The Fed cannot stop the recession, they have only delayed it and made it much bigger.   The Real Crash is still coming, get ready for it.

And today, after the DOW was down 500, New York Federal Reserve President William Dudley said this to try to stop the crash - "Negative interest rates are a potential policy tool for the Federal Reserve" - when asked about negative policy rates which are being used by the European Central Bank and Swiss National Bank right now to combat deflation.

The Fed didn't solve anything, the markets are in more trouble now than in 2008. 

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