Peter Schiff appeared on InfoWars with David Knight and talked about how the Federal Reserve has systematically sabotaged the economy.

Peter made a strong case that the actions of the Fed have created an economy that is even worse than it was seven years ago, before the so-called “Great Recession.” He also observed that the recent rate increase – small as it was – sent markets spiraling downward, just as he predicted, pointing out that it takes a smaller pinprick to pop a bigger bubble. Peter went on to predict the Fed will be forced to launch QE4 and even raised the possibility of more government stimulus in the near future:

They’re going to have to do even more crazy stuff this time because the problem is bigger. Everybody wants to pretend the Fed solved the problem. They didn’t solve anything. The market would have solved our problems if the Fed had allowed it. But the Fed didn’t. The Fed prevented the market from working…As a result, the economy is far more screwed up than it was seven years ago.”

Video Length: 00:14:47

Highlights from the interview: