Peter Schiff: The Party Is Over (Video)
by Peter Schiff, SchiffGold:
We’ve been talking a lot about the rising levels of debt – both government and household. Set in an environment of rising interest rates, this is a huge problem very few people seem concerned about.
We’ve been enjoying a big party and it’s about to come to an abrupt end.
When it comes to the federal debt, the big question is who is going to buy all of the bonds the government will need to sell to finance the spending?
Of course, rising federal debt is nothing new. Pres. Obama did his share of spending. But in an interview with Stefanie Kammerman during the Orlando Money Show, Peter Schiff pointed out a troubling difference between then and now.
When we got the tax cuts passed, that is a huge negative for the bond market because it means much bigger deficits, because now the government has to borrow the money it used to collect in taxes. But now they just passed this new budget resolution, which is a massive increase in spending. The budget deficits now, under Trump, are actually going to be bigger than they were under Obama when we were in the worst recession since the Great Depression. This is unprecedented borrowing. And when Obama was running these big deficits, the Fed was monetizing them. They were doing a trillion dollars a year of QE. Now, they’re not doing any. So, that means we’re going to have a massive increase in interest rates. That means stocks collapse. That means we’re going into a recession. Because the only thing that has been propping up the economy and the stock market has been artificially low interest rates – extremely, unprecedentedly low interest rates.”
On top of that, levels of personal debt are also spiraling upward.
Everybody is loaded up with debt. We have record high student loans, record high credit card debt, record high automobile debt. The savings rate is at a 10-year low. Everybody is loaded up with debt, and the only reason that we can afford it is because the rates are so low. Well, they’re about to go a lot higher and the party is over.”
Peter reiterated what he’s said in past interviews – he doesn’t think the Fed is going to stay on this path. It will ultimately try to save the stock market and sacrifice the dollar.
I think it’s only a matter of time before the Fed cancels the rate hikes, fesses up to rate cuts and launches QE4. But the problem is it ain’t gonna work this time. It’s going to blow up in their face because that is basically the nail in the dollars coffin.”
Peter said this is going to send the price of gold through the roof.
Read More Stories @ SchiffGold.com
Source: https://www.sgtreport.com/articles/2018/2/27/peter-schiff-the-party-is-over-video
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Whistler Blowers, Insiders
When Wall-Street got 1 Trillion Dollars to Bail them out, how come No-One ever said they owed 1 trillion in debt? Why where these companies not worried about the money given to them?
Its because it was not to be payed back…so its not Debt, it Money that is not to be paid back!
Imho…….NO DEBT…….should be considered as an
OBLIGATION to RE-PAY 
until a FORENSIC
ANALYSIS has been CON-DUCTed to ascertain IF any so-called “money” was actulally “lent”.
The bank$ter$ are ……$CAM$TERS & LIARS…….we must Imho, challenge EVERY THING.
-No more United Kingdom, No More United States, A United Africa Thrown Down, Canada Ejected Off The Map, With A Just As Tried, Even Barricaded Mexican Border Deemed Worthless, If Not Skyward With Jesus, The Blessed Sacrifice Is Still, Escape! Altars And Grab Bags
-And I heard In My Hearing Doing What Was Called The Enron Attack, Drop Your Pensions And Get To Hill, I Have A Bear In 120 Countries, 2016/17, beware, Apb
-Now Peter that the elephants of staying unaware on Dec. 4th left the building, stampeding causing a world shaking, cracking chaos, the night, (Dec. 5th), the first Matrix Ten day count, of, before Trump’s declarations of Jerusalem. I remind like before the outbreak of those historic hurricane, I saw a report on the weather channel that hurricane Harvey alone, destroyed a million of procrastinating America’s escape, automobiles, again I warn how such declarations of his would be counted as others declarations of peace and safety, that can only be followed by sudden destruction, surely you know about all the massive, historic flooding right in the specific areas the seventh angel gave warning. Even more frightening, such allegiance of choosing sides, has since the days of Bush wars has as well been declared, an error into a new fear factor, now with the elephants of unaware stampeding, this great void in an incorrigible normalcy bias has been replaced with the three monkeys of ill-fate justice, see, hear, know no evil, innocent until proven guilty, only America.West Rule weight of blood was proven wanting and sentenced along a subtraction of 190 years of technology into a pale horse judgment Dec. 25th 2001, so the doumning of present day Nimrod’s towers, the Trade Centers were only the beginning.
-Whose’s assigned doomsday, Nov. 24/25th, 2017, is now going on it’s tenth, Nov. 24/25th 2017, awarded Matrix ten day count, with holy spirits of Rev. 17 crying and warning, crying and warning, crying and warning three nights straight, Jan. 26-29h, 2018, right into the congressmen trainwreck. No more doomsday Passovers, no further delay, beware the eastern seaboard just as the western seaboard, beware all persons along one earthquake/volcano fault/extinction level after another, all now come US soil. So it’s not Peter, that they don’t know, many millenials of outreaching Jesus’s warning about these dark, volatile times, say they know, it’s not that they’re ignorant, second by second of reaching out Christ Cross of diligent made aware, to them, say they’re not ignorant. There is then only one real explanation, God, counting their procrastination of America’s, of West Rule cataclysmic decline, as rebellion, as a transgression, and what’s so apparents is that judgment is come and they refuse either because their deeds are evil or they’re frozen in mightily targeted places by fear, by intimidation; it is by a worthless hope in a post apocalyptic era they call the American dream and instead of repenting and getting out, it’s apparent, they perish and my immediate family of refusal, by the dozens, perish with them. Beware, Apb, The RAM, see more here, http://theresurrectionofmaaseiahadonai18.blogspot.com/2018/02/starring-eagle-canyon-mountain.html and here, http://theresurrectionofmaaseiahadonai18.blogspot.com/2018/02/o-lord-our-lord-how-excellent-is-thy.html