Peter Schiff & Chris Waltzek Ph.D. on GoldSeek Radio – October 11, 2017

by Chris Waltzek
GoldSeek Radio

The head of SchiffGold, Euro Pacific Capital, and Euro Pacific Gold Fund (EPGFX), owns a house and condo in Puerto Rico, where a direct hit from CAT 4 Hurricane Maria plunged all 3.4 million inhabitants into total darkness for up to 6 months – hundreds of thousands will require relocation. In addition, the discussion includes new national emergency in California – wild fires have claimed at least 15 fatalities, hundreds of missing persons, 2000 structures were destroyed and billions in damages. The string of natural disasters in 2017 illustrate the importance for every household to prepare for unexpected power outages, dislocations, food shortages, etc. Peter Schiff is less concerned with the imminent rate hike expected (87% odds) at the December FOMC meeting, focussing instead on a potential quantitative easing, where Fed officials absorb toxic MBS and Treasury debt to give the illusion of economic prosperity.

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