You need to be logged in to view this video
How a Democratic Washington Will Tax You with Inflation
Released on Wednesday, February 17, 2021•ECONOMY
With US debt levels set to rocket into the stratosphere, many investors have failed to understand how the new reality will impact their portfolios. Whether the red ink flows from the latest Covid relief packages, or the bevy of economically moronic ideas coming from the new Democrat administration in Washington, annual Federal deficits will remain in the multi-trillion range for the foreseeable future. Almost all of the shortfall will likely be monetized the printing presses of the Federal Reserve. Unlike the past, no one now expects the Fed will ever turn the spigots off. After a decade of dollar strength powering US stocks, the momentum may soon reverse. Investments denominated in foreign currencies are poised to dominate. Peter Schiff explains where the opportunities can be found.
Peter Schiff is the chief economist and global strategist of Euro Pacific Capital, a division of Alliance Global Partners, a Registered Investment Adviser and a full service broker/dealer. He is one of the few widely known economists and investment professionals to have spoken about the financial crisis before it began. As a result of his commentary on the US economy, Mr. Schiff is becoming increasingly more renowned. He is a widely followed opponent of debt-fueled growth policies and known for his advocacy for emerging market and commodity-focused investments in countries with positive fiscal characteristics. Mr. Schiff has been quoted hundreds of times in leading news outlets around the world, and he regularly appears on business news channels worldwide. His best-selling book, "Crash Proof: How to Profit from the Coming Economic Collapse" was published in February of 2007. Mr. Schiff's fifth book, The Real Crash (Fully Revised and Updated): America's Coming Bankruptcy, was released in April of 2014.
Filter By Category
Filter By Keywords