Peter Schiff, president of Euro Pacific Capital and bestselling author of “Crash Proof,” has participated in two interviews over the last couple of days; one with the Fox Business Network and the other with CNBC.
In both interviews, he reiterated what he has been saying for several months: the Federal Reserve will likely introduce another round of quantitative easing and it will plunge the United States into a recession if it completely ends its current round of QE.
As we have reported this month, there have been talks of introducing the fourth edition of QE because the markets have been tanking in recent weeks. With the U.S. central bank reducing its monthly stimulus, markets are getting their cravings for a greater abundance of cheap money.
Here are the two videos:
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