http://economiccollapsenews.com/201...ain-federal-reserve-wont-hike-interest-rates/
For months, Schiff appeared on CNBC and other business news networks to explain that the Fed wouldn’t be raising interest rates at all because it simply can’t, citing the fragile economy and astronomical amounts of debt. Schiff was ridiculed and insulted of making outlandish predictions that never come true (SEE: Peter Schiff gets into shouting match with trader on CNBC).
Schiff’s biggest prediction is that the Fed will turn on the printing press once again and introduce a fourth edition of quantitative easing. Most people disagree with this sentiment, but these were the same people who thought the Fed was going to raise interest rates on multiple occasions.
Here are comments that Schiff has made for the last several months pertaining to the Fed and interest rates:
“I don’t think the Fed ever really, seriously considered raising rates in the first place. I think they wanted to create that impression, they wanted the markets to believe that rate hikes were under consideration, because they want markets to believe that the economic recovery is legitimate and that the economy can actually withstand the higher rates that they’re pretending that they’re ready to deliver.” – Kitco News, Sept. 2
For months, Schiff appeared on CNBC and other business news networks to explain that the Fed wouldn’t be raising interest rates at all because it simply can’t, citing the fragile economy and astronomical amounts of debt. Schiff was ridiculed and insulted of making outlandish predictions that never come true (SEE: Peter Schiff gets into shouting match with trader on CNBC).
Schiff’s biggest prediction is that the Fed will turn on the printing press once again and introduce a fourth edition of quantitative easing. Most people disagree with this sentiment, but these were the same people who thought the Fed was going to raise interest rates on multiple occasions.
Here are comments that Schiff has made for the last several months pertaining to the Fed and interest rates:
“I don’t think the Fed ever really, seriously considered raising rates in the first place. I think they wanted to create that impression, they wanted the markets to believe that rate hikes were under consideration, because they want markets to believe that the economic recovery is legitimate and that the economy can actually withstand the higher rates that they’re pretending that they’re ready to deliver.” – Kitco News, Sept. 2
