schiffgold.com / BY SCHIFFGOLD / OCTOBER 7, 2016
A wilting, stifled economy is the story this week with the Fed. They’re trapped, unable to bolster the economy and they have no ammo to halt inflation.
Fed President Lacker Urging Preemptive Rate Increases
Regular Fed dissenter Jeffrey Lacker said this week he sees even bigger rate increases coming in if the Fed doesn’t start gradually tightening as soon as possible. His remarks sent precious metals tumbling. In his latest podcast, Peter Schiff discusses why the Fed can’t accomplish Lackers’ plan: “We have so much debt that if we try and fight inflation we’re going to have a worse financial crisis than 2008,” Peter said. “Because it can’t fight inflation, the Fed pretends it can do it.”