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Podcast: The Julia La Roche Show
Episode: #349 Peter Schiff: Inflation Is Going to Double Digits — The Fed Can't Stop It
Description: Peter Schiff, chief economist at Europacific Asset Management, makes the case that the U.S. economy is in far worse shape than the 1970s stagflation era, pointing to a $39 trillion national debt, accelerating inflation, a weakening labor market, and a new war that will drive deficits even higher. He argues the Fed is trapped — raising rates aggressively would trigger a financial collapse worse than 2008, so instead inflation will spiral into double or even triple digits, producing what he calls an "inflationary depression." Schiff sees gold, silver, and foreign stocks as the plays of the decade, warns that crypto investors ar...