Peter Schiff: Worse Than 2008 | The $3 Trillion Mortgage Bomb
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In this week's GoldFix Competent Investor interview, Tom Bodrovics sits down with Peter Schiff. Schiff argues the US is caught in a doom loop: rising rates swell the government's interest bill, which forces bigger deficits, which feed more inflation, ending in a sovereign debt crisis or hyperinflation.
He sees the Fed behind the curve and calls the mortgage market worse than 2008, with trillions in unrealized losses on low-yield loans threatening lenders as home prices reset lower. He also covers Fannie and…
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