fbpx

The Next Recession Will Be The Last!

The Deep State Is Preparing Their CHECKMATE Move
You Must Be Ready To Go On The Attack!
DOWNLOAD THE ULTIMATE RESET GUIDE NOW!

Peter Schiff: A “Great Recession” Will Hit Jeopardizing Trump’s Reelection Efforts

Mac Slavo
August 15th, 2019
SHTFplan.com
Comments (17)

Economic analyst and gold bug Peter Schiff is warning that another “Great Recession” will grip the United States and that when it does, it is going to jeopardize President Donald Trump’s reelection efforts.

According to a report by Fox Business, Schiff, the CEO of Euro Pacific Capital says that the United States economy is heading into a free fall that will be worse than the Great Recession of 2008. The economic forecaster is predicting the Federal Reserve (the central bank) will cut interest rates to zero and launch quantitative easing, a monetary policy where the central bank purchases Treasuries from financial institutions to stimulate the economy. “The dollar is going to go through the floor and it’s going to take the bond market with it and the next crisis, it’s not subprime mortgages, it’s going to be in the Treasury market,” he said on Wednesday. “There’s no way out and it’s a political disaster for Trump because the recession is going to start before he finishes this term, which means he won’t have a second term” Schiff added.

This is not the first time Schiff has warned about Trump’s reelection chances.  The president’s best hope is that any recession holds off until after the 2020 election.

Peter Schiff: IF The U.S. Is Hit By A Recession, Trump Unlikely To Win Reelection

Schiff has been warning of a recession for a while now, and he has a gloomy outlook for the world’s future when it comes to the centralized planning and elimination of free trade and free societies. His warnings appear to be falling on deaf ears, however, as we still have people actually defending the trade war and tariffs which have been levied on the already cash-strapped American consumer.

Schiff’s comments come after the Dow Jones Industrial Average plummeted 800 points, marking the worst drop of the year and the fourth-largest daily point drop in history. The yield on the 10-year U.S. Treasury bond fell below the yield on the 2-year U.S. Treasury for the first time since the Great Recession, worsening global recession fears.

“As we move into this recession, consumer prices are going to rise even faster and once the dollar starts to fall that’s going to push consumer prices up even more,” he said saying we will see major inflation and a complete devaluation of the dollar.

Unfortunately, the risks of another recession continue to rise and some analysts say there’s nothing the government or the Fed can do to stop it this time. Especially considering both the government and the Fed are to blame for every recession in history. “You have a little bit of panic going on here about the state of the economy and the bond market is reflecting that,” said Richard Bernstein, founder of investment firm RBAdvisors. “The bond market is telling you that growth is slowing and the economy may be a lot sicker than people believe.”

President Trump is Breaking Down the Neck of the Federal Reserve!

He wants zero rates and QE4!

You must prepare for the financial reset

We are running out of time

Download the Ultimate Reset Guide Now!

The Finger is on the Nuke Button | Future Money Trends

Author: Mac Slavo
Views:
Date: August 15th, 2019
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.

CBD Oils, Isolates, Supplements And Information

17 Comments...

Vote: Click here to vote for SHTF Plan as a Top Prepper Web Site
  1. Old Guy says:

    Bring it on. the worse it is and the sooner it happens the better. Does It really matter if Trump loses? He already caved on the second. Even when up for reelection he endorses Red Flag Laws??? what will he do if he no longer had to worry about a election? We all deep down know we cannot vote our way out of what is eventually coming. Just as well have it happen now before the number of lefty loonies and illegal shit skins increase.

  2. Scott says:

    Wow, advice from a pedophile.
    My how this country has fallen.

  3. rellik says:

    I’m pretty sure we are headed for a recession, if only to be sure Trump may not get re-elected. But if you look at facts and data
    the American economy is in pretty good shape compared to the rest of the world. We have employment, food, resources, and a growing economy. Even with tariffs American farmers are exporting more food than ever.
    Something I learned from years in engineering, when dealing with people, perceptions are far more important than facts and data.

  4. Clown World says:

    The (probably communist) central bank…
    (Wasn’t that the 5th plank of Communism?)…
    was supposed to exist, so as to prevent catastrophic booms and busts.

    As such, they lower interest rates on negative news, and raise interest rates on positive news, acting a politically-indifferent, stabilizing influence, against stagnation or excess.

    Their reason for a financial contraction would be if a well-liked populist won the vote. (I count and ask unscripted questions, so don’t accuse me of being one of the cultists.)

    • rellik says:

      It has been many years since I dropped my Business major, switched to Mathematics. Central banks confuse me.
      Your description of the central bank is pretty accurate. The one thing I’ve never quite figured out is the Central bank’s purposeful inflation of costs. They have picked 2%. Meaning every year you don’t get a 2% raise in your income you are losing money.
      I understand that with a growing population and having finite resources, prices will rise with demand.
      I just never figured out why they make it worse on purpose.
      I’m not a debtor. I’ve loaned the US government a lot of money.
      I find it interesting that the interest they pay me roughly equals the “artificial inflation”.
      Off subject;
      One of my Hens hatched out 5 Cuckoo Maran free range chicks. I have one of those fancy incubators but did not use it,
      Mother hen did it all.
      Harvested a steer last week. Will breed the Heifer in a month or two. Just need some more variety in the garden.
      Get out of the city and get a few acres.

      • Clown World says:

        r said, I find it interesting that the interest they pay me roughly equals the “artificial inflation”.

        So far as I can tell, both sides of the equation are always equal .

        r said,”Get out of the city and get a few acres.”

        That will require a few more math tricks, on my part, although I understand that there is wild game and acres of gardens, in some abandoned areas.

        • rellik says:

          This is Hawaii.
          Generally speaking I produce beef for about $1.50 a pound wrapped and in the freezer. We all help each other.
          Texas lot price, last time I checked lot price was $1.42 on the hoof.
          Eggs about $0.50 a dozen, the last time I checked a store it was $5.00 for brown eggs, my chickens make brown eggs.
          Avocados, Bananas, and Tomatoes
          virtually free, I give them away.
          I don’t want you to move to Hawaii,
          stay away! But recognize getting out of the city,
          is a good plan.

          • Genius says:

            Yes a plan that is unattainable for those who go all out and throw 10’s of thousands of fed notes away on new cars/trucks. Spend 30K on some land and 30K on a car and get back to me in 10 years on which has way more value. I paid 4K for my F150 and have had it for 13 years and it still runs great. Who gives a shit about warranty, the 26K I saved will completely rebuild it and then some. And I don’t have a shitload of electronic crap to break down and leave me stranded with a gigantic repair bill….

            • Genius says:

              The same fools buy new 4 wheelers for 5-7K . I bought 2- early 90’s honda 4 wheelers for about 800 each in 2012. I have NEVER had a breakdown or had to fix anything! Just replaced the batteries. All these people with thier new polaris this and that are always fixing them. People are idiots when it comes to vehicles, but hey, they look cool in their latest and (not so) greatest!

  5. It does not matter who we vote for. The entire political system is bought and paid for. Our enemies will come for us. Stand strong and fight united and we can’t lose.

  6. mmerlinn says:

    I have been publicly saying for ELEVEN (11) YEARS that there will be a MAJOR stock market crash THIS September/October. And ever since DT was elected in 2016 that it would put his reelection in danger in 2020.

    Now the time is here so we will see what happens,

  7. Bert says:

    Yet again, stock market new all time highs are just weeks away. As I said twice during the past 12 months, each time after a pullback where the end of the world collapse stories were running here, and of course I was correct both times.

    The governments on the planet are not making cuts in debt spending, the debt will continue as rising debt lifts all boats, except for those that are unemployable or socialist-commy mind-fucked into anarchy. DOW 100k, S&P20k, national debt $50T soon.

    Peeder is talking his book. He needs new blood to sucker.

    If the Schifft was to hit the fan, Peeder wouldn’t be selling metals.

    Be careful on what you wish….Schifft hits the fan and there are no bids. Gold becomes $0, Silver $0 and the city shitholers eat each other and go trick-or-treating on your property. aka The Purge 24/7/365.

  8. Anonymous says:

    I started watching Alex Jones in 2010. Peter was a regular guest on his show. He was predicting the same thing back then as he is now. Think maybe one day he’ll actually hit one?

  9. Anonymous says:

    Assumptions are not correct. He talks like we are an isolated economy. We’re kicking butt compared to everyone else. Negative bonds in Europe… unemployment still below 4%… going to break China in the trade war… we’re the only winning game in town now. If we get hit, the rest of the world will be flushed as well. Where would he have us go? What country is safe from his apocalypse? None by his reckoning. Also, who is Trump running against? Communists. It could be 2008 all over again and a Communist couldn’t win.

Leave a Reply to Scott

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Commenting Policy:

Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn't immediately available. We're not trying to censor you, the system just wants to make sure you're not a robot posting random spam.

This web site thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.