…and much worse than even Peter Schiff is telling you.
Maybe he knows that it will get much worse, but doesn’t want to tell you,…
…what I’ve been telling you for a loooooooong time.
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By Peter Schiff March 27, 2018
Last Thursday, the Dow Jones fell 724 points. It followed up with a 424 point decline on Friday. Meanwhile, the Nasdaq fell 2.43% Friday.
Most analysts blamed the plunge on fear of an all-out trade war between the US and China. But the Federal Reserve rate hike on Wednesday also likely played a part in the stock market decline. The markets don’t like the prospect of having their easy-money punch bowl taken away.
So, could we be on the verge of a gold breakout as stocks break down?
In his latest podcast, Peter Schiff said he believes we are already in a bear market. Technically, analysts don’t start talking bears until the stock market declines 20%. But as Peter pointed out, you have to drop 10% before you get to 20.
So, if this is a bear market, if we ultimately go down by more than 20%, then this is the bear market right now. It’s only a correction if it doesn’t turn into a bear market. But if it becomes a bear market, it’s been a bear market the entire time, and I think we are in a bear market now.”
The mainstream analysts continue to assure us that everything is fine. The fundamentals haven’t change. Peter said in a sense, they’re right.
Continue to prepare for the greatest financial/economic collapse in world history,…
…because it’s coming.
Peter Schiff recently attended the Vancouver Resource Investment Conference. While he was there, he did an interview with Daniela Cambone of Kitco News and Schiff said gold is going to soar.
But Schiff (who predicted the 2008 recession) also explains why he believes now may be a good opportunity to invest in physical gold. Schiff said that the standard sentiment shared by many is that once the Federal Reserve jacks up interest rates, gold will stay level and unaffected. But that didn’t happen. Schiff said that the yellow metal has surprised the initial expectations that it would fall when the Fed raised rates; gold has climbed 9% since the Fed hiked last month.
Gold has not really rallied. It’s been going up, right? But it’s been creeping higher. Now, everybody expected it to fall. Everybody believed that as soon as the Fed hiked rates, gold’s gonna tank. And it didn’t tank. It rallied. -Peter Schiff
Toys R Us closing 182 stores. Existing home sales decline, service sector declines at the same time. One trader reports that the market is not ready for a trade war and the market might break and decline. Peter Schiff explains how we have reached the end game, the economy is ready to collapse, the system cannot be sustained. The race is real, the central bank does not want to be blamed for a collapsing economy, Trump is using everything the central banks have used to prop up the economy, basically using their manipulation against them. The investigations are real, the information is real, the FBI, Senators and Congress are in trouble, more and more information is coming out each day that show corruption. DOJ is now going after sanctuary cities to hand over their records on the illegals. NSA changes its website and removes honest, integrity and transparency from its website. There is a lot of propaganda being pushed out that the US is getting ready to strike North Korea, why? The cabal is pushing their agenda in Syria trying to get a war started. It looks like a major false flag is in the works, either in Syria, North Korea or in the US. The cabal is running out of time and the truth is making its way in to the public.
Money manager Peter Schiff correctly predicted the financial meltdown in 2008.
Now, 10 years later, what does Schiff see today? Schiff says,
“I predicted a lot more than just the stock market going down back then. I predicted the financial crisis, but more importantly, I predicted what the government would do as a result of the financial crisis and what the consequences of that would be because that’s where we’re headed.
The real crash I wrote about in my most recent book is still coming…
Of all the absurd Washington pantomimes none has been as reliably entertaining and maddening as the annual debates to raise the debt ceiling. Although the outcome was always a foregone conclusion (the ceiling would be raised), the excitement came when fiscal conservatives bemoaned the perils of runaway debt and “attempted” to exact spending restrictions through threats “to shut down the government,” (which often led to news coverage of tourists being turned away from national parks.) On the other side of the aisle Democrats would rail that the ceiling must be raised “because America always pays her bills.” Lost was the irony that “paying” bills with borrowed money was fiscally responsible, and that raising the ceiling actually enabled America to continue to avoid paying its bills. After these amateur theatrics, the ceiling would be lifted and Washington would go on as if nothing happened. But at least the performance threw occasional light on the nation’s debt problems.