Peter Schiff Slams Fed Rate Cut as Inflation Time Bomb Ticks Louder
Gold bug turned crypto skeptic Peter Schiff just dropped a truth bomb on the Fed’s latest move—and Wall Street isn’t gonna like it.
### The Rate Cut Illusion
While markets cheer the Fed’s dovish pivot, Schiff warns they’re sleepwalking into stagflation 2.0. ‘Cutting rates now is like handing out free margaritas during a hurricane,’ he tweeted to his 800K followers.
### Inflation’s Silent Revenge
CPI data might look tame, but Schiff sees the devil in the details: ‘They’re measuring inflation with 1990s tech—ever tried buying a GPU with a dial-up connection?’
### The Bitcoin Wildcard
Meanwhile, crypto traders are front-running the liquidity tsunami. Schiff’s take? ‘Digital toilet paper will moon until the flush.’ Classic.
Wake-up call: When even the permabears are right, maybe it’s time to hedge—with something shinier than Treasury bonds.
The Federal Reserve kept interest rates unchanged in its July meeting, and it has sparked fresh debate in financial circles.Among the most vocal critics is economist Peter Schiff Read More
