Who

 

does this sound like?

Peter Schiff: The Inflation Tsunami Is Just Getting Started

"Peter said that the inflation tsunami is just getting started and the Fed is powerless to fight it"

."If we still measured inflation the way we did 40 years ago, it would be 15%, not 7.5%. And the rate hikes they’ve proposed are completely inadequate...Even if they raise interest rates to 1 or 2%...That’s the same type of interest rates they had when inflation was below 2%. You’ve got inflation at 7.5%, even the way they measure it – and rising. The only way to put out this fire is to have positive real interest rates. The Fed needs to get above the inflation rate. We’re not even going to get close. So, they’re going to continue to pour gasoline on the fire. And so, the entire time the Fed is inching up rates, inflation is actually going to be moving higher. Inflation is going to be worse in 2022 than it was in 2021”

"The problem is people still don’t recognize the box that the Fed put us in. Because there is no interest rate that the Fed could put to fight inflation that the economy could withstand. If the Fed has to fight inflation, we not only have a massive recession, and a crash in the stock market and in the real estate market, but we have a much worse financial crisis than the one we had in 2008.

(Yeah, the $ will be done as well so thats: massive recession (think depression), a stock market crash, a real estate market crash, and worse financial crisis than 2008 and the fall of the $ combined)

Matthew 24:21

"For then there will be great distress, unequaled from the beginning of the world until now—and never to be equaled again."

Peter said "the Fed initially pretended inflation was “transitory” even though it obviously wasn’t because they knew that there was no way to fight it."

(I said it was either that or they were incompetent, and results would be the same)

And now that they’re no longer pretending inflation is transitory, they’re pretending that they’re going to fight it when they can’t.”

(I'd like to point out they (The Fed) also said that inflation was only in 'Pandemic affected" industries. I remember something a lil while back about, "Lumber, M2 and Taco Bell". Yup. Now it has spread throughout the entire economy. I've heard tell that one is an accident, two is a trend, and three is a pattern.)

Shover (The other person being interviewed) said he doesn’t think the Fed is behind the curve. He pointed out that we had 10 years of low inflation, and “we’re just not used to this kind of inflation.”

Peter said we’re about to pay for that 10 years of low inflation.

(And a lot of other things. I might add, it's not just inflation were gonna pay for and not just for the last 10 years either.)

"The Fed kept creating inflation, printing money, and staring at the broken CPI, and assuming that because the CPI wasn’t having a reading that was above 2% that they had the green light to create more inflation. Well, it works with a lag. And now we’re catching up to all the inflation that we created over the past decade. And it’s just started to take hold.”

"And now that they’re no longer pretending inflation is transitory, they’re pretending that they’re going to fight it when they can’t.”

Peter also pointed out that there is a much higher level of debt today than there was in 1980 when Paul Volker went to war against inflation with 20% interest rates.

(And not just government debt but private debt, corporate debt, consumer debt, and student loan debt. And not just debt, but lets throw in some supply line choke points and labor shortages and were not even to the START of the end times yet.)

"What would happen to the economy given all the debt we have if interest rates even went to 10%? What about 5%? I mean, we couldn’t even handle two-and-a-half percent in 2018. And the economy is in much worse shape now with a lot more debt than it was then.”

"Shover said there’s a savings glut. Peter said that’s not the problem. The problem is there’s a debt glut. And he reiterated the key point."

'There is no way you can fight historically high inflation with 1% interest rates. One percent interest was the rate Alan Greenspan slashed rates to in 2002 to stimulate the economy after the stock market bubble popped and we had that recession. You can’t fight inflation with simulative monetary policy. You need restrictive monetary policy. And no one is even talking about making money tight. All they’re doing is talking about making it less loose. And you can’t fight inflation with loose money.”

I completely understand that he is selling gold and inflation is good for his business as more people buy gold as a hedge against inflation but the fact of the matter is, he is 100% absolutely correct. "There is no way you can fight historically high inflation with 1% interest rates"

What happens to your credit card  or mortgage payment when the FED raises interest rates to what it needs to in order to fight this? Oh and lets thrown in a lil  more supply lines disruption when the Russians invade Ukraine and don't forget Oil prices will go through the roof and petroleum is used in 1000's of everyday products you don't often think about so what happens to their prices?...and...and...and..."

Somebody Queue up brother Brian for me..."It's not that complicated!"

It's the money supply they have lost control of and once that Genie is out of the bottle? You can't put it back in.

You still gonna praise your God when your burning piles of $'s just to try and stay warm? It's kinda what's expected...

Isaiah 30:10

Which say to the seers, See not; and to the prophets, Prophesy not unto us right things, speak unto us smooth things, prophesy deceits:

(Not gonna happen from me)

2 Peter 1:19

We also have the prophetic message as something completely reliable, and you will do well to pay attention to it, as to a light shining in a dark place, until the day dawns and the morning star rises in your hearts.

The Church fell for the satanic diversion of  Gays and Abortion instead of focusing on what it should have been the last 40 years or so: "the prophetic message as something completely reliable and you will do well to pay attention to it,"

"...Understand
It's time to get ready for the storm..."

Trust me, there is  a freedom that comes from not having an attachment to "Things."

"Freedom's just another name for
nothing left to loose..."

So what you got to loose exactly? Save your soul, forget everything else.

2 Corinthians 3:17

"Now the Lord is the Spirit, and where the Spirit of the Lord is, there is freedom."

2 Peter 1:4

Through these he has given us his very great and precious promises, so that through them you may participate in the divine nature, having escaped the corruption in the world caused by evil desires.

The only way you can escape "the corruption in the world caused by evil desires?"

Is to reject this world. Only accept it as much as you need to in order to get by in it. (Kinda thinkin the Amish got some things right :-).

Accept Jesus Christ as lord and savior of all, who was sent to earth as Gods son to pay the price for your sins. Look at your world through  the lens (Rose colored BTW from Christ Blood shed for you somebody once said) of Christian prophecy and things will start to make a lot more sense for you, I promise they will.

An eternity of bliss in exchange for escaping the continuing deteriorating state of affairs of this world. And it's free. The price has already been paid.

Isaiah 55:1

Invitation to the Thirsty

“Come, all you who are thirsty,

    come to the waters;

and you who have no money,

    come, buy and eat!

Come, buy wine and milk

    without money and without cost.

"Buy"...as in buy in with your mind the truth that is so obviously right in front of you that your pride and arrogance just won't let you accept.

Freedom train isn't gonna be available forever y'all...never a time like the present to get onboard.

"I've got to reach the train cause there is no other station."

I love you baby.

"