Palisades Gold Radio (w/ Peter Schiff): The Inflationary Nightmare, Biggest Bubble to Biggest Bust


Palisades Gold Radio
Dec 23, 2022

Tom welcomes Peter Schiff, the CEO and Chief Economist of Euro Pacific Asset Management, Chairman of Schiff Gold, and host of Schiff Radio to the show.

Peter discuss the Fed’s approach to inflation and why the they are purposely keeping the truth from the public in order to prevent a crisis. He believes inflation will not go away until there is a will in Washington to get rid of it, and that quantitative easing to accommodate large deficits caused by reckless government spending will only increase inflation.

He also noted that while deflation is often seen as a bad thing, it is actually beneficial for consumers who can buy items cheaply. Peter believes that the current 2% inflation target is no longer relevant and that the government has created a safety net that has become a hammock for some people, eliminating many unskilled jobs.

He believes that the minimum wage law has made it impossible for young people to gain the skills they need to move up the job ladder, creating a permanent underclass.

The Fed has run out of tools to help the economy and free markets were not allowed to work during the COVID crisis. Gold is coming back in a big way due to the devaluation of fiat currencies. Lastly, Peter argues gold is more efficient, less volatile and expensive, and faster than Bitcoin.



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