If Hillary Clinton Wins in 2016 – She Will Be a One-Term President, Because the Economy will Crash

“If Hillary Clinton wins in 2016 – she will be a one term president because it [the financial system] will break.”

Venture capitalist Peter Thiel, who founded PayPal and was the first major investor in Facebook, has a new book – Zero to One. In an interview on The Blaze, he was asked:

Question: How long do you think we have before this system just implodes?”

Theil: “It’s amazing that they’ve been doing it for 6 years. We’ve had money printing . There’s a slow impoverishment that’s been happening.

When you have interest rates at zero percent, inflation is still 2% a year, so over the course of 6 years, it’s like you’ve confiscated 12% of people’s money.

So I’ts like what the government of Cyprus did. They confiscated 10% of people’s money overnight, but we’ve…”

“…done it more slowly, but we’ve had a Cyprus-level confiscation in the US over the last 6 years.

There isn’t that much inflation, but there’s been enough so that it’s been slowly eroding things. I suppose it ends when inflation starts to pick up.

And inflation doesn’t have to pick up much for it to really hurt. In the 70s, when we had a lot of inflation, we still had high interest rates. We had 8% inflation, and 8% interest rates, so you sort of roughly broke even.

If interest rates got to even 3 or 4% inflation and you’re earning zero [interest rates from the banks], then you’re really hurting.

I think that conservative and libertarians over-predicted inflation in the last few years. It didn’t quite happen. But I think the mistake they made was – they under-estimated how busted the economy was.

The Federal Reserve Has Confiscated Our Money Over the Past 6 Years

So we haven’t had inflation because we have been having all this regulation. You can’t do anything- there’s not been enough economic activity. I think if we actually get a real recovery going, that’s when you hit inflation right away. “

Question : At what point are raising the interest rates irrelevant, because you cripple the economy to try and suck that money back in? You can’t raise them high enough. It will cripple the economy.

Thiel : We don’t know exactly how this ends, but there’s a sense it ends badly. I think it could keep going for a few more years, would be my guess.

I think the majority of the governors of the Fed are democrats.
They’re going to do everything they can to push easy money to help Hillary Clinton
get elected in 2016.

Buy I predict that if she wins,
she will be a one term president – because it [the financial system] will break.

I sort of think that you wouldn’t want to win 2016 because they can’t keep it going for 6 more years, no matter what.

Source: GramsGold.com