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Peter Schiff on the Popping of the New Bubble




Peter Schiff is predicting a worse economic disaster than the 2008 crisis that hit the US. The looming crisis will reveal itself once the new bubble will pop.

Schiff also tells us about how the GDP figures and joblessness numbers are calculated. He believes the US economy's growth is artificial and the official figures are inaccurate, artificially inflated.

The methodology used for calculating inflation and unemployment is periodically being modified in order for the figures to reflect the lowest number possible, whilst GDP figures are manipulated upwards.

Schiff believes that there's going to be a "pin" that will "pop the bubble" - this could either be a big drop in the bond market or a big drop of the dollar.


Peter Schiff on the Next Popping Bubble:





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