The Peter Schiff Show Podcast
The Peter Schiff Show Podcast
Peter Schiff
Losing “Patience” Does Not Mean the Fed has Lost Patience
24 minutes Posted Mar 18, 2015 at 7:12 pm.
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24:30
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Show notes

* The Fed released long-awaited FOMC official statement
* Indicating they will be more patient without the word "patient" than when they were officially patient
* Why take the word away in the first place?
* The Fed wants to appear to be moving closer to a destination to which it has no intention of arriving
* The Fed is clearly more concerned about the economy today; they reduced growth estimates
* Janet Yellen said she will not raise rates until she sees improvement in the labor market
* The Fed not satisfied with 5-1/2% unemployment
* The jobs number is the outlier and will turn around
* Housing starts collapsed in February; biggest in 8 years
* Economic Surprise Index is most negative in memory
* It doesn't matter what the unemployment rate is; the Fed can't raise rates without creating a financial crisis worse than 2008
* The minute the Fed went down the path of QE, they sealed our fate
* There is now so much debt that we need QE more than ever
* The dollar had a huge rise in anticipation of rate hikes
* The Fed is more likely to launch QE4 than to raise interest rates
* The Fed is not going to raise interest rates until there is a currency crisis
* When the dollar turns, commodity prices will surge in all currencies
* The fact that the day of reckoning has been delayed with increased debt means a bigger payday for Euro Pacific Capital investment strategy
* It will be better to restructure and default on some of our debt that to deflate it away
* Understand the end game, ride it out and have the last laugh


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