Wall Street Sends a Warning! The Fed's Stagflation Dilemma is Severe!
Economist Peter Schiff spoke out this week, harshly criticizing the shortsightedness of retail investors and Wall Street, pointing out that the U.S. financial system is on the brink of collapse.
He mentioned that the misunderstanding of gold by retail investors indicates a significant rise in the gold market, as retail investors are selling while central banks around the world are buying physical gold in large quantities, rather than silver or gold stocks, and Wall Street is reluctant to increase its gold holdings due to expectations of falling gold prices.
The Fed will be helpless in the face of stagflation issues. The market has yet to realize that the U.S. has fallen into a stagflation crisis, which is worsening globally. Powell admitted that the Fed has no plan to address stagflation, as it could lead to the collapse of major banks, making it a puzzle with no solution for the Fed.
Schiff exposed the Fed's 2% inflation target as a lie, claiming it is essentially a game of semantics, and that the real determinant of inflation is the rate of growth in the money supply. When inflation rates are high, the Fed does not mention the 2% target, and the data is underreported due to government manipulation.
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