Peter Schiff all giddy about fall of stocks and the dollar

Ramon Ramos

  Right-wing radio and economist expert Peter Schiff is giddy and happy with the bear market thus far. The stock market has been down and the ultimate annalist and economy prognostic Peter Schiff finally looks like he knows something. Schiff has been saying that the economy is in a tailspin and this year he sees the lows of the US banks at an all-time in stock price and other indicators that he believes vindicate all his long predictions through the years. Peter has been saying the only way the fed can prevent a recession that will turn into a depression is slash interest rates even further and the ultimate financial goal of negative interest rates to really sock it to society is a extreme that is being ban tered by Wall Street. Gold prices took a huge jump forward while the stock market tumbled and some where peter Schiff gave his brother a high five when news of this trend reached their ears. Schiff was quick to attack his critics on business TV among those here at the Left Shark who think his refusal to give an exact date that inflationary pressures would crumble the economy were amusing as he was waiting for the economy to crash so he can say I told you so three or four years ago. Schiff vehemently maintains that central bank policy has served as the most destructive force in the U.S. economy. The S&P 500 has fallen 9 percent since the Fed raised interest rates in December for the first time in nearly a decade.  Schiff has been warning on the meagerness of the manufacturing and service sector as a warning to investors that profits are sliding and returns drowning and that there is a recession around the corner. Schiff also went on to discuss negative interest rates which is an egregious payday loan tye action on the consumer and cries out for regulation to reign in these fraudsters. Schiff predicts the Fed may adopt a negative interest rate policy this year, following in the footsteps of Europe and Japan.
“Not only do I think the Federal Reserve is not going to raise rates any more, but they’re actually going to lower them. And they’re not going to stop at zero. We already have the Bank of Japan now with negative rates. They joined the ECB. The Fed’s going to be next,” predicts Schiff. if this happens the shit will hit the fan and you will see a mass protest much like the Occupy movement against the power of the big banks