In the video below, Peter Schiff reviews the severe swings we’ve seen in the financial markets the last week, and then he gives his outlook on what to expect moving forward.
Unlike many other economists, Peter is not blaming China directly for the volatility we’re seeing, but he’s blaming their financial policy that ironically enough, is almost a mirror image of what the Fed is doing here in the U.S.
According to Peter, the only reason our economy hasn’t completely imploded on itself (yet), is because of all the FALSE stimulus being doled out by the Fed that has no right no right propping up an economy that does not have the means to sustain itself.
For more on how China is doing the exact same thing, see the article titled, CNN Telling Americans That The Stock Market Is Not Going To Crash.
Peter likes to argue on many occasions, that we (the United States) are like a drug addict, and our drug is cheap money.
More with Video http://b4in.info/roiw
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