Economist and gold bug Peter Schiff has warned that the United States Federal Reserve’s actions to rein in inflation could lead to a “massive financial crisis” or flight away from the dollar on a global scale. Meanwhile, Joe Biden says the economy is “strong as hell,” and Bank of America and JP Morgan also say the economy is in good shape. Except for the state-created central money world, bitcoin is now included in the Guinness Book of World Records.
Peter Schiff, an economist, warns that Fed Action could lead to market crashes, massive financial crisis, and severe recession
Gold bug and economist Peter Schiff says there are two possible outcomes of the Federal Reserve’s action on the U.S. economy. One outcome leads to “a massive financial crisis and severe recession” as stocks, bonds, and real estate crash. In the second outcome, “the world will run away from the dollar,” the economist stressed.
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Biden Says US Economy Is ‘Strong as Hell’ — White House Claims the President ‘Has Done the Work’ to Fix Inflation
U.S. President Joe Biden has been criticized for stating that the U.S. economy is “strong as hell” as inflation rises to a 40-year high. Meanwhile, the White House claims that Biden understands and “has done the work” to fix the inflation issue.
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Bitcoin Added to the Guinness Book of World Records as the ‘First Decentralized Cryptocurrency’
Guinness World Records has been publishing a guidebook each year since 1955. It covers everything from natural disasters to human accomplishments. This year, Bitcoin has entered the fray as the world’s first and most valuable cryptocurrency network as GWR has added the subject to this year’s annual records.
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Bank of America, JPMorgan and Bank of America Say the US Economy is Doing Well. Consumers are in good shape despite inflation
Bank of America CEO Brian Moynihan and JPMorgan & Chase CEO Jamie Dimon both agree that the U.S. economy is doing well and consumers are in good shape. “The consumers basically have more money in their accounts by multiples than they did pre-pandemic,” said the Bank of America chief.
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What’s your take? Is the U.S. economy “strong as hell,” or is economist Peter Schiff onto something with his views concerning an incoming disaster? Please let us know what you think in the comments below.
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