FAST FIVE: "The Bubble's Already Popped": Peter Schiff Warns "Ignore What The Fed Says, Look At What They Do"
“The Bubble's Already Popped”: Peter Schiff Warns “Ignore What The Fed Says, Look At What They Do” Authored by Mac Slavo via SHTFplan.com, Financial expert Peter Schiff says that people should ditch the dollar.
And not just the dollar; all fiat currencies. Instead, he says people should be buying gold, a “real safe haven” asset.
The real driver behind the rise of gold prices is the world's central banks' buying spree, says Peter Schiff of Euro Pacific Capital.
Back at the end of October, Schiff has also said that the stock market bubble had already popped, according to RT.
Schiff also added that the most recent interest rate cut is a “desperate attempt to keep the air from coming out of the bubble, to maintain false consumer confidence.” Consumers are confident the economy is a disaster, he says, adding that they don't have any money, they have lousy jobs, no savings, and are loaded down with debt.