In his most recent podcast, Peter Schiff talked about coronavirus and the impact that the outbreak is having on the markets. Schiff says that aggressive money printing will not stop or cure the coronavirus.
Earlier this month, Peter said he thought the virus was just an excuse for stock market woes. At the time he believed the market was poised to fall anyway. But as it turns out, coronavirus has actually helped the US stock market because it has led central banks to pump even more liquidity into the world financial system.
Global Centralization Is The Cause Of Crisis – Not The Cure
All this means more liquidity — central banks easing. In fact, that is exactly what has already happened, except the new easing is taking place, for now, outside the United States, particularly in China.”
Listen to Schiff’s entire podcast below:
Although the new money is primarily being created in China, it is flowing into dollars and into US stocks – as seen by the dollar index being up. Last week, US stock markets once again made all-time record highs.
In fact, I think but for the coronavirus, the US stock market would still be selling off. But because of the central bank stimulus that has been the result of fears over the coronavirus, that actually benefitted not only the US dollar, but the US stock market.
Why would the Federal Reserve respond, or why would any central bank respond to that by printing money? How does printing more money solve that problem? It doesn’t. In fact, it actually exacerbates it. But you know, everybody looks at central bankers as if they’ve got the solution to every problem. They don’t. They don’t have the magic wand. They just have a printing press. And all that creates is inflation. –Peter Schiff
[WATCH] Precious Metals Expert: “Men Go MAD In Herds, & Recover Their Senses Slowly”
In fact, if central bankers were really going to do the right thing, the appropriate response would be to drain liquidity from the markets, not supply even more.
Peter explained how the Fed was originally intended to create an “elastic” money supply that would expand or contract along with economic output. Today, the money supply only goes in one direction — that’s up.
The economy is strong, print money. The economy is weak, print even more money.
Gold Is ON FIRE! But Prices Aren’t Prime time Just Yet…
It Took 22 Years to Get to This Point
This article was originally published by Michael Snyder at The Economic Collapse Blog. When one...
This article was originally published by Lance D. Johnson at Natural News under the title:...
The mainstream media has started reporting that the bird flu "luck" has "run out" for the United...
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 website 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.
Cornavirus? I guess you get that by eating them miniature pickled ears of corn.
Bullshit . A short time ago all you posted was Ebola ,Ebola , Ebola. and that west African disease never thrived in the USA. contra virus is no different its Asian spefic. those folks eat anything. Maybe set it loose in san fran and it will do a much needed culling. get rid of those street shitters. This site is in serious decline.
Actually Old Guy, people tend to develope immunities to viruses that they were exposed to at an early age. The first fllu epidemic occured in 1918, the Spanish Flu, it was an H1NI type flu, reulting in an estimated 500,000 U.S. fatalities. later flu developed to H1N2, the H2N3 type flu has proven to be most fatal. In 2017, 80,000 Americans died from the flu. Last year over 60,000 Americans died from the flu. Flu related deaths in a mild flu year are usually around 11,000 in the U.S. In a bad year around 50,000 normally compared to records kept since 1977. The H2N3 flu vaccines are pretty ineffective as a result of mutations of the virus during the flu season. Flu vaccines also contain mercury used as a preservative which is highly toxic.
I spent a lot of time in Corona CA.
Hard to take a guy with the name of Schiff that can’t spell serious.
Where’s all those cash for your gold peddlers. They come out of the woodwork when gold is on the move.
O.K. So if we get the coronavirus, we shouldn’t go to a bank. This sounds like a banker that’s just trying not to get the coronavirus to me. I’m not falling for it.