{"id":255,"date":"2022-10-17T02:15:56","date_gmt":"2022-10-17T02:15:56","guid":{"rendered":"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/"},"modified":"2022-10-17T02:15:56","modified_gmt":"2022-10-17T02:15:56","slug":"economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession","status":"publish","type":"post","link":"https:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/","title":{"rendered":"Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession"},"content":{"rendered":"<p><strong>Gold bug and economist Peter Schiff says there are two possible outcomes of the Federal Reserve\u2019s action on the U.S. economy. One outcome leads to \u201ca massive financial crisis and severe recession\u201d as stocks, bonds, and real estate crash. In the second outcome, \u201cthe world will run away from the dollar,\u201d the economist stressed.<\/strong><\/p>\n<h2>Peter Schiff on U.S. Economy: Two Possible Outcomes<\/h2>\n<p>Gold bug and economist Peter Schiff continued to share his view on the U.S. economy and the Federal Reserve\u2019s efforts to bring down inflation this week. Regarding where the U.S. economy is headed, he tweeted Saturday that \u201cThere are two possible outcomes.\u201d Describing one of the outcomes, he <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1581374548360200192\" target=\"_blank\" rel=\"noopener\">detailed<\/a>:<\/p>\n<p>The Fed succeeds in returning inflation to 2%. Stocks, bonds, and real estate all crash, ushering in a massive financial crisis and severe recession that includes government defaults &amp; spending cuts.<\/p>\n<p>Moving on to discuss the second outcome, he <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1581387435107586049\">wrote<\/a>: \u201cOr the Fed pivots before inflation returns to 2%. If the Fed pivots, either to avert a financial crisis, or in reaction to one, inflation will soar, the opposite of what was experienced after the 2008 financial crisis. This time instead of running toward the dollar, the world will run away from the dollar.\u201d<\/p>\n<p>Schiff also <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1580961725506985984\">tweeted<\/a> Friday: \u201cEveryone knows about the high inflation of the 1970s that didn\u2019t end until Volcker got serious in the early 1980s. But during the ten years from 1982-1992, the average annual CPI rise was 4.43%. The Fed didn\u2019t get inflation back down to 2% until after the 2008 financial crisis.\u201d<\/p>\n<p>The gold bug regularly comments on the state of the U.S. economy on social media. In September, he <a href=\"https:\/\/news.bitcoin.com\/us-inflation-rate-in-august-runs-hot-at-8-3-peter-schiff-says-americas-days-of-sub-2-inflation-are-gone\/\">cautioned<\/a>: \u201cInflation is here to stay, and will get much worse despite rate hikes, due to over a decade of inflationary monetary and fiscal policy. This is very bearish for the dollar and bullish for gold.\u201d Schiff noted: \u201cThe days of sub-2% inflation are gone.\u201d<\/p>\n<p>Moreover, he <a href=\"https:\/\/news.bitcoin.com\/peter-schiff-warns-us-faces-a-massive-financial-crisis-economist-expects-much-larger-problems-than-2008-when-the-defaults-start\/\">emphasized<\/a> in August that the U.S. is facing a \u201cmassive financial crisis\u201d that \u201cis going to be a much bigger crisis when the defaults start.\u201d In May, he <a href=\"https:\/\/news.bitcoin.com\/peter-schiff-warns-economic-downturn-in-the-us-will-be-much-worse-than-the-great-recession\/\">warned<\/a> about an economic downturn in the U.S. that \u201cwill be much worse than the Great Recession.\u201d<\/p>\n<p>Schiff recently settled with Puerto Rico\u2019s financial regulator and agreed to <a href=\"https:\/\/news.bitcoin.com\/peter-schiff-to-liquidate-euro-pacific-bank-in-settlement-with-puerto-rican-regulator\/\">liquidate<\/a> his Euro Pacific Bank without admitting to any legal wrongdoing.<\/p>\n<p><em><strong>Do you agree with Peter Schiff about the U.S. economy? Which outcome do you think is more likely? Let us know in the comments section below.<\/strong><\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Gold bug and economist Peter Schiff says there are two possible outcomes of the Federal Reserve\u2019s action on the U.S. economy. One outcome leads to \u201ca massive financial crisis and severe recession\u201d as stocks, bonds, and real estate crash. In the second outcome, \u201cthe world will run away from the dollar,\u201d the economist stressed. Peter [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession - Latest Cryptocurrency &amp; blockchain News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/\" \/>\n<meta property=\"og:locale\" content=\"ko_KR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession - Latest Cryptocurrency &amp; blockchain News\" \/>\n<meta property=\"og:description\" content=\"Gold bug and economist Peter Schiff says there are two possible outcomes of the Federal Reserve\u2019s action on the U.S. economy. One outcome leads to \u201ca massive financial crisis and severe recession\u201d as stocks, bonds, and real estate crash. In the second outcome, \u201cthe world will run away from the dollar,\u201d the economist stressed. Peter [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/\" \/>\n<meta property=\"og:site_name\" content=\"Latest Cryptocurrency &amp; blockchain News\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-17T02:15:56+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2\ubd84\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"http:\/\/live-script.xyz\/#organization\",\"name\":\"Latest Cryptocurrency &amp; blockchain News\",\"url\":\"http:\/\/live-script.xyz\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ko-KR\",\"@id\":\"http:\/\/live-script.xyz\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/live-script.xyz\/wp-content\/uploads\/2022\/07\/cropped-cropped-pngwing.com_.png\",\"contentUrl\":\"https:\/\/live-script.xyz\/wp-content\/uploads\/2022\/07\/cropped-cropped-pngwing.com_.png\",\"width\":2000,\"height\":800,\"caption\":\"Latest Cryptocurrency &amp; blockchain News\"},\"image\":{\"@id\":\"http:\/\/live-script.xyz\/#\/schema\/logo\/image\/\"}},{\"@type\":\"WebSite\",\"@id\":\"http:\/\/live-script.xyz\/#website\",\"url\":\"http:\/\/live-script.xyz\/\",\"name\":\"Latest Cryptocurrency &amp; blockchain News\",\"description\":\"\",\"publisher\":{\"@id\":\"http:\/\/live-script.xyz\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"http:\/\/live-script.xyz\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"ko-KR\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/\",\"url\":\"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/\",\"name\":\"Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession - Latest Cryptocurrency &amp; blockchain News\",\"isPartOf\":{\"@id\":\"http:\/\/live-script.xyz\/#website\"},\"datePublished\":\"2022-10-17T02:15:56+00:00\",\"dateModified\":\"2022-10-17T02:15:56+00:00\",\"breadcrumb\":{\"@id\":\"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/#breadcrumb\"},\"inLanguage\":\"ko-KR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\/\/live-script.xyz\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession\"}]},{\"@type\":\"Article\",\"@id\":\"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession\",\"datePublished\":\"2022-10-17T02:15:56+00:00\",\"dateModified\":\"2022-10-17T02:15:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/\"},\"wordCount\":439,\"commentCount\":0,\"publisher\":{\"@id\":\"http:\/\/live-script.xyz\/#organization\"},\"articleSection\":[\"crypto-news\"],\"inLanguage\":\"ko-KR\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/#respond\"]}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession - Latest Cryptocurrency &amp; blockchain News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/","og_locale":"ko_KR","og_type":"article","og_title":"Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession - Latest Cryptocurrency &amp; blockchain News","og_description":"Gold bug and economist Peter Schiff says there are two possible outcomes of the Federal Reserve\u2019s action on the U.S. economy. One outcome leads to \u201ca massive financial crisis and severe recession\u201d as stocks, bonds, and real estate crash. In the second outcome, \u201cthe world will run away from the dollar,\u201d the economist stressed. Peter [&hellip;]","og_url":"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/","og_site_name":"Latest Cryptocurrency &amp; blockchain News","article_published_time":"2022-10-17T02:15:56+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2\ubd84"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"http:\/\/live-script.xyz\/#organization","name":"Latest Cryptocurrency &amp; blockchain News","url":"http:\/\/live-script.xyz\/","sameAs":[],"logo":{"@type":"ImageObject","inLanguage":"ko-KR","@id":"http:\/\/live-script.xyz\/#\/schema\/logo\/image\/","url":"https:\/\/live-script.xyz\/wp-content\/uploads\/2022\/07\/cropped-cropped-pngwing.com_.png","contentUrl":"https:\/\/live-script.xyz\/wp-content\/uploads\/2022\/07\/cropped-cropped-pngwing.com_.png","width":2000,"height":800,"caption":"Latest Cryptocurrency &amp; blockchain News"},"image":{"@id":"http:\/\/live-script.xyz\/#\/schema\/logo\/image\/"}},{"@type":"WebSite","@id":"http:\/\/live-script.xyz\/#website","url":"http:\/\/live-script.xyz\/","name":"Latest Cryptocurrency &amp; blockchain News","description":"","publisher":{"@id":"http:\/\/live-script.xyz\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/live-script.xyz\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"ko-KR"},{"@type":"WebPage","@id":"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/","url":"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/","name":"Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession - Latest Cryptocurrency &amp; blockchain News","isPartOf":{"@id":"http:\/\/live-script.xyz\/#website"},"datePublished":"2022-10-17T02:15:56+00:00","dateModified":"2022-10-17T02:15:56+00:00","breadcrumb":{"@id":"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/#breadcrumb"},"inLanguage":"ko-KR","potentialAction":[{"@type":"ReadAction","target":["http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/live-script.xyz\/"},{"@type":"ListItem","position":2,"name":"Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession"}]},{"@type":"Article","@id":"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/#article","isPartOf":{"@id":"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/"},"author":{"name":"","@id":""},"headline":"Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession","datePublished":"2022-10-17T02:15:56+00:00","dateModified":"2022-10-17T02:15:56+00:00","mainEntityOfPage":{"@id":"http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/"},"wordCount":439,"commentCount":0,"publisher":{"@id":"http:\/\/live-script.xyz\/#organization"},"articleSection":["crypto-news"],"inLanguage":"ko-KR","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["http:\/\/live-script.xyz\/economist-peter-schiff-warns-fed-action-could-lead-to-market-crashes-massive-financial-crisis-severe-recession\/#respond"]}]}]}},"_links":{"self":[{"href":"https:\/\/live-script.xyz\/wp-json\/wp\/v2\/posts\/255"}],"collection":[{"href":"https:\/\/live-script.xyz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/live-script.xyz\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/live-script.xyz\/wp-json\/wp\/v2\/comments?post=255"}],"version-history":[{"count":0,"href":"https:\/\/live-script.xyz\/wp-json\/wp\/v2\/posts\/255\/revisions"}],"wp:attachment":[{"href":"https:\/\/live-script.xyz\/wp-json\/wp\/v2\/media?parent=255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/live-script.xyz\/wp-json\/wp\/v2\/categories?post=255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/live-script.xyz\/wp-json\/wp\/v2\/tags?post=255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}