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Peter Schiff: Hyperinflation Is Now The Most Probable Scenario

zerohedge News peter schiff hyperinflation most probable scenario All https://www.zerohedge.com   Discuss    Share
Peter Schiff: Hyperinflation Is Now The Most Probable Scenario

Via SchiffGold.com,



March 23 was Peter Schiff’s birthday. It was also the day the Federal Reserve announced QE Infinity. So, Peter spent over three hours hosting a live videocast talking about the latest Fed moves, the potential impact on the economy and answering questions from viewers.



Peter said he was hoping to combat the rampant economic ignorance that

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is pretty much everywhere.




There’s probably one thing that is spreading right now throughout the country faster than the coronavirus and that is economic ignorance and misinformation. It’s all over the place. It’s gone completely viral … The best thing anybody can do to combat the virus of ignorance is to turn off their television sets or their computers and don’t listen to anything that is being said in conventional media, whether it’s a news-related channel or a financial channel, I can virtually assure you that every single thing that you’re hearing is wrong.”






Peter hammered on a number of central themes you won’t hear discussed in the mainstream. For one thing, the Federal Reserve and the US government are repeating the mistakes of 2008.



Peter reminds us that as the crisis unfolded in ’08, he warned that the policies of bailouts and monetary stimulus were a mistake and that they would lead to a bigger crisis in the future.




Well, welcome to the future.”




He also emphasized that this isn’t about the coronavirus. The virus pricked a bubble that was inflated long ago. The economic chaos we’re seeing today started long before the virus reared its ugly head.




Everybody wants us to go back to normal, the way things were before anybody heard the word coronavirus of COVID-19. But you know what? We weren’t normal back then. The economy was sick before the virus infected us. It was a bubble. There was nothing normal about that bubble. And the problem with bubbles is once they pop, they’re not going to reflate. You need a new bubble. You need a bigger bubble. That’s what the Fed did. They inflated the NASDAQ bubble. That popped. They inflated a bigger bubble in housing. That popped. And then they inflated a bubble in everything. Well, everything has already been in a bubble. There’s nothing left to bubble up. It’s over.”




Peter also warned about what’s coming down the pike with all of this money being injected into the economy.




They are going to unleash a tsunami of inflation.”






And people losing their money in this crisis is going to be the least of the problems.




What we’re going to suffer as an economy is far worse than losing your money. Because you know what’s worse than losing your money? Having your money but your money losing it’s purchasing power. That is the worst thing that can happen and that is what’s going to happen. Hyperinflation has gone from the worst-case scenario to the most probable scenario. And that means people have to act quickly to protect themselves.”




Peter spent a lot of time taking questions from viewers. This is a great opportunity to get some economic analysis you’re not going to see on CNBC or Fox Business.




Tyler Durden

Wed, 03/25/2020 - 19:50
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DOJ: Surveillance Of Carter Page Based On Insufficient Evidence, No Probable Cause

zerohedge News surveillance carter page based insufficient evidence probable cause All https://www.zerohedge.com   Discuss    Share
DOJ: Surveillance Of Carter Page Based On Insufficient Evidence, No Probable Cause

The Department of Justice has concluded that the Obama-era FBI should have discontinued its surveillance of Trump campaign adviser Carter Page far earlier than they did, and that the Foreign Intelligence Surveillance Act (FISA) court was shown insufficient evidence to show that Page was a foreign spy, according to the Wall Street Journal.



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>



The DOJ delivered its conclusion to the FISA court in December filing unsealed on Thursday.




The Justice Department now appears to have concluded that there was “”insufficient predication to establish probable cause” in the last two renewals in 2017. Probable cause is the legal standard to obtain a secret warrant against suspected agents of a foreign power. The letter is classified, but is referenced in a new order declassified by a judge on Thursday. The Justice Department said it would sequester all the material it collected against Mr. Page pending further internal review of the matter. -Wall Street Journal




"The court understands the government to have concluded, in view of the material misstatements and omissions, that the court's authorizations in (two applications) were not valid," wrote Judge James Emanuel Boasberg, a federal district judge in Washington who also sits on the FISA court.



As The Federalist notes, this could have far-reaching consequences for special counsel Robert Mueller's findings.



"The final warrant against Page overlapped with former special counsel Robert Mueller’s investigation of Russian interference in the 2016 election. The final three-month authorization to spy on Page was signed nearly six weeks after Mueller was appointed, meaning that Mueller may have had real-time access to and utilized nearly five months worth of surveillance of Page during the course of Mueller’s investigation. If his office used any of the information in subsequent cases, the declaration that the final two spy warrants against Page were invalid could potentially nullify previous or future convictions sought by Mueller’s office."





Judge Boasberg set a Jan. 28 deadline for the government to show the court what steps they have taken to avoid similar abuses in the future.




Tyler Durden

Thu, 01/23/2020 - 18:05

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