Peter Schiff: Inflation Bottomed Out at 6 Percent, ‘It’s Going Up from Here’

BONGINO Second question for ░░░░░░░░ Me I m a ░░░░░░░░ believer in assets gold ░░░░░░░░ estate because you can ░░░░░░░░ print those things but ░░░░░░░░ has now printed from ░░░░░░░░ last date I just ░░░░░░░░ hundreds of billions of ░░░░░░░░ the Fed just created ░░░░░░░░ backstop these banks You ░░░░░░░░ been warning about inflation ░░░░░░░░ years At some point ░░░░░░░░ has to filter into ░░░░░░░░ economy making the inflation ░░░░░░░░ that caused this worse ░░░░░░░░ Well absolutely You know ░░░░░░░░ Fed just increased its ░░░░░░░░ sheet by 300 billion ░░░░░░░░ s back to quantitative ░░░░░░░░ even though it hasn ░░░░░░░░ officially admitted it is ░░░░░░░░ doing it it s ░░░░░░░░ government bonds and mortgage ░░░░░░░░ securities and printing the ░░░░░░░░ to pay for it ░░░░░░░░ s exactly what it ░░░░░░░░ when it was doing ░░░░░░░░ except the Fed had ░░░░░░░░ two pronged war against ░░░░░░░░ rate hikes and quantitative ░░░░░░░░ Well it s not ░░░░░░░░ given up quantitative tightening ░░░░░░░░ s doing quantitative easing ░░░░░░░░ so it has gone ░░░░░░░░ to creating inflation It ░░░░░░░░ t even matter if ░░░░░░░░ hike rates at this ░░░░░░░░ they probably won t ░░░░░░░░ inflation bottomed out at ░░░░░░░░ it s going up ░░░░░░░░ here We ve just ░░░░░░░░ a new easing cycle ░░░░░░░░ inflation is more than ░░░░░░░░ the Fed s so ░░░░░░░░ target That s why ░░░░░░░░ was up 60 bucks ░░░░░░░░ 100 bucks on the ░░░░░░░░ I think next week ░░░░░░░░ s going to have ░░░░░░░░ even bigger move BONGINO ░░░░░░░░ you ve called it ░░░░░░░░ Peter Peter Schiff thanks ░░░░░░░░ lot for your time ░░░░░░░░ appreciate it.”