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The U.S. economy and financial system will soon face a crisis, thanks to excessive easing by the Federal Reserve, predicts Peter Schiff, CEO of Euro Pacific Capital.
"We're going to have to have a crisis on a much bigger scale than the one that's going on in Russia right now," he tells Newsmax TV's "America's Forum" show.
"We're not going to get a repeat of 2008, because the Fed is not going to allow that kind of crisis. If they raised interest rates, that's exactly what would happen. We'd have a worse financial crisis than 2008."
Read Latest Breaking News from Newsmax.com http://www.Newsmax.com/Finance/Schiff-financial-crisis-Fed/2015/01/06/id/616736/#ixzz3O3NWNC5u
Urgent: Should Obamacare Be Repealed? Vote Here Now!
The U.S. economy and financial system will soon face a crisis, thanks to excessive easing by the Federal Reserve, predicts Peter Schiff, CEO of Euro Pacific Capital.
"We're going to have to have a crisis on a much bigger scale than the one that's going on in Russia right now," he tells Newsmax TV's "America's Forum" show.
"We're not going to get a repeat of 2008, because the Fed is not going to allow that kind of crisis. If they raised interest rates, that's exactly what would happen. We'd have a worse financial crisis than 2008."
Read Latest Breaking News from Newsmax.com http://www.Newsmax.com/Finance/Schiff-financial-crisis-Fed/2015/01/06/id/616736/#ixzz3O3NWNC5u
Urgent: Should Obamacare Be Repealed? Vote Here Now!
