New Peter Schiff Video: Inflation Rises, Bitcoin ETFs, and the Final Gold Shakeout
Peter released a brief video addressing the looming resurgence of inflation.
Ironically, on the back of disappointing inflation numbers, gold witnessed a dip below $2000 on Tuesday due to higher-than-expected CPI data.
Markets still place their trust in the Federal Reserve, yet remain oblivious to the reality that the Fed has already lost the inflation war. All indicators point towards an impending surge in inflation, with higher numbers in the trifecta of bad economic data via the CPI, PPI, and Import/Export data.
The US government has shown zero effort to tighten its fiscal belt. Alarmingly, US manufacturing data continues to worsen, and despite reduced US production, we’re witnessing exponential spending.
The Fed’s actions have failed, they’re losing credibility, and rate hikes are a thing of the past, not the future. The obstacles that previously dragged gold down have dissipated.
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