"Many people are waiting for the big crash, but the truth is that almost everything has crashed already."
In the following video, Peter Schiff pokes fun at the fact that the experts at the Federal Reserve are assuring all of us that everything is going to be just fine. In fact, Janet Yellen is convinced that things are so rosy, that she seems quite confident the Fed will raise rates in December. She’s basing her recent remarks on statements about how the economy, and the labor market have met the central bank’s goals. What economy and labor market is she looking at? Back in mid October, Jim Willie Gave 20 Reasons Why Quitting Prepping After a September Collapse Never Came Was Wrong…
Now, Michael Snyder of the Economic Collapse Blog says the same thing. In the article below he says:
Many people are waiting for the big crash, but the truth is that almost everything has crashed already.
Oil has crashed.
Commodities have crashed.
Gold and silver have crashed.
Junk bonds have crashed.
Chinese stocks have crashed.
Dozens of other stock markets around the world have already crashed.
But the big event that many are waiting for is the crash of U.S. stocks. And just like in 2008, it is inevitable that a U.S. stock crash will follow all of the other crashes that I just mentioned.
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