Peter Schiff warns of “decades of inflation” after these recent round of bank bailouts and poor government policies.

Peter Schiff is an economist, stock broker, financial commentator, author, and host of the Peter Schiff Show Podcast. He is the CEO and chief global strategist of Euro Pacific Capital Inc. He accurately predicted the housing crash and financial crisis of 2008. He is a frequent guest on financial news networks, including CNBC, Bloomberg, and Fox Business.

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“Bank Bailouts Will Cause Decades Of INFLATION” | Peter Schiff WARNING…(read more)

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Bank Bailouts Will Cause Decades Of INFLATION: Peter Schiff Warning

As the global economy continues to struggle in the wake of the COVID-19 pandemic, governments around the world are turning to drastic measures to prop up failing banks. But according to renowned economist Peter Schiff, these bank bailouts will have severe long-term consequences, namely decades of inflation.

Peter Schiff, CEO and chief global strategist of Euro Pacific Capital, has been warning of the dangers of government intervention in the economy for years. He believes that the massive injection of cash into failing banks will lead to a significant devaluation of currency, ultimately causing inflation to spiral out of control.

The root of the issue, according to Schiff, is the reckless lending practices of banks and the subsequent need for government bailouts. “When governments continually bail out banks that have made poor lending choices, it creates a moral hazard, incentivizing banks to take on even riskier loans in the future,” Schiff explains. “This cycle of irresponsible lending and government bailouts is a recipe for disaster.”

Schiff’s warnings are not without merit, as history has shown the devastating effects of unchecked inflation. We need only look back to the 2008 financial crisis, when the U.S. Federal Reserve pumped trillions of dollars into the economy in an effort to stabilize failing banks. The result was an inflationary period that lasted for years, eroding the value of savings, disrupting the economy, and causing widespread hardship for millions of people.

If Schiff’s predictions come true, the consequences of decades of inflation could be even more dire. Inflation eats away at the value of money, making it harder for people to afford goods and services, and reducing their purchasing power. This can lead to a decrease in standard of living, as well as a decline in real wages. Inflation also leads to higher interest rates, making it harder for people to borrow money to buy homes, start businesses, or invest in their futures.

Schiff’s warnings should serve as a wake-up call for governments around the world. Instead of bailing out failing banks, Schiff argues that it is crucial for governments to allow them to fail and face the consequences of their actions. “The free market must be allowed to work, and those who make poor lending decisions must be held accountable,” he advises. “Continually propping up failing banks only delays the inevitable and makes the ultimate consequences even more severe.”

Ultimately, the warnings of Peter Schiff should not be taken lightly. The consequences of decades of inflation resulting from bank bailouts could be devastating for the global economy and for the lives of countless individuals. It is crucial for governments to heed Schiff’s advice and take necessary steps to prevent a future plagued by inflation and economic hardship.