Peter Schiff & Chris Waltzek on GoldSeek Radio – January 7, 2016
by Chris Waltzek
GoldSeek Radio
Chairman of SchiffGold.com, Peter Schiff returns to the show with dire warnings of a looming currency crisis, that could make the previous “Great Recession” seem tame in comparison. The multi-year bull market in stocks may be viewed in retrospect as a Fed fomented bubble, which crushes million of retirement portfolios. Artificially low rates inspired large corporations to repurchase their shares via cheap debt, which can only end badly for investors. Although US retail sales are solid, better leading economic indicators like the Dallas Manufacturing Index and the US Weekly Leading Index are rolling over (Figures 1.1. & 1.2.). The dollar was on the verge of collapse during the credit crisis, but was saved by the bailout – our guest is convinced that the next decline will require the formation of an entirely new currency. His work indicates that eventually, momentum will return to the gold market, making $100+ days commonplace culminating $5,000 gold.
Click Here to Listen to the Audio
Continue Reading at Radio.GoldSeek.com…
Source: http://financialsurvivalnetwork.com/2016/01/peter-schiff-chris-waltzek-on-goldseek-radio-january-7-2016/?utm_source=rss&utm_medium=rss&utm_campaign=peter-schiff-chris-waltzek-on-goldseek-radio-january-7-2016
