Peter Schiff on Tech Ticker March 22, 2009 gives us his take of the current market climate and what to expect by 2009. Hint: The S is About to Hit the Fan.
When the bubble finally bursts in the bond market and maybe it already has judging by what has happened so far this month, and the dollar rolls over, which it should and begins to fall, that’s going to knock the rug out from under everything the government is doing. When the bond bubble bursts, the government is going to need a bailout.
Add the commercial real estate and credit card bubbles collapse, we are going to see pandemonium in financial markets globally.
If the government continues on this course they’re going to create and inflationary depression that is going to be much worse than anything any of us have ever experienced.
I think it will unfold probably before the end of the year, if not, then 2010. When the government’s ability to borrow is gone and interest rates really start to rise, now we’re going to experience this crisis in a much higher degree.
It seems that it’s only a matter of time before a complete collapse of the financial and economic systems takes hold.
Watch Peter Schiff on March 22, 2009:
Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary.
Please Spread The Word And Share This Post
Mac Slavo Views:
Read by 64 people Date: March 23rd, 2009 Website:www.SHTFplan.com
Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.
The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.
SHTFplan is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.