Jason from Salt Lake City, Utah: I think it probably takes a lot of liquidity creation to maintain 0 percent interest rates. Is it possible to keep monetization going through a scheme whereby the bigger banks have access to very cheap money and they use that to invest in Treasuries at a higher rate? If this could happen, I think the Fed could direct QE3 without having to announce anything. Submit your webcast questions here: http://schiffradio.com/contactus?loadForm=4#contactForms ... https://www.youtube.com/watch?v=bZOBEm3HhEo

The Peter Schiff Show Podcast - Episode 488 Recorded July 31, 2019 I Bet an Ounce of Gold that Fed would Cut Rates - Today I officially won an ounce of gold! I am referencing a bet that I made back in January of this year. During a panel discussion, I said that I though that the Fed was more likely to cut rates in 2019, than hike them.  I was the only person on the panel who believed that.  Everybody else thought that the Fed would be raising rates, which pretty much was the conventional wisdom in early January. Check out My Forecasts in December and January on YouTube - So today, the Fed cut rates, which is what I have been saying they would do.  In fact, not only did I put up a small YouTube video of that bet, as well as a video of the entire panel on my YouTube channel. But I also cut a minute or so segment from my interview on the Monday in December 2018 the week the Fed raised rates, 2 days later on a Wednesday.  That was the final hike where the Fed went from 2% to 2.25%, to 2.25% to 2.5%. ... https://www.youtube.com/watch?v=uLgZDEBRCNw