Repeat of 2008 Financial Crisis Coming-Only Worse-Peter Schiff

By Greg Hunter’s USAWatchdog.com

In Monday night’s first Presidential debate, Donald Trump criticized the Federal Reserve’s handling of the economy and warned, “. . . if you raise interest rates even a little bit, that’s going to come crashing down. We are in a big, fat, ugly bubble.” Money manager Peter Schiff explains, “Trump says if we raise rates, a lot of bad things are going to happen.  Then, he criticizes the Fed for keeping rates low.  So, which is it? He’s trying to have his cake and eat it too.  What Trump has to explain is low interest rates don’t help the economy.  Low interest rates are one of the biggest headwinds to the economy because all they do is inflate asset bubbles and prevent legitimate economic growth.  Donald Trump has to explain that rates have to go up, and when they do, it’s going to burst the bubble,

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