Peter Schiff: Fed is trapped; will either bankrupt the government or the American people (Pt. 1/2)

Watch part 2 of the interview: https://youtu.be/Xyz3fwmuBj4

The Federal Reserve has trapped themselves; either they raise interest rates and bankrupt the Treasury, or they don’t raise rates, let inflation spiral out of control, and bankrupt the American people, said Peter Schiff, chief market strategist at Euro Pacific Asset Management.

“How does [the Fed] fight that inflation without bankrupting the U.S. government? The answer is it can’t. My thinking is, if it can’t fight inflation without bankrupting the U.S. government, it won’t fight the inflation, which means it bankrupts the public because it destroys the value of the dollar,” Schiff said.

0:00 - Next financial crisis?
13:20 - End of the U.S. dollar?
21:00 - Emerging markets
28:30 - Gold price and monetary policy
35:10 - Commodity price outlook
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Видео Peter Schiff: Fed is trapped; will either bankrupt the government or the American people (Pt. 1/2) канала Kitco NEWS