Peter Schiff appeared on the Daily Ledger at the beginning of the week to discuss the global economy. Peter refuted the idea that the US stock market is falling thanks to Chinese market troubles. In fact, he argued it’s the other way around – the Federal Reserve is the source of global instability. Peter went on to forecast the Fed’s actions in 2016. He thinks there’s a good chance Janet Yellen might ease again to prevent the US economy from officially dipping into a recession under Obama’s watch:

[Janet Yellen] is going to do whatever she can to deliver it to Hillary Clinton. She remembers what happened when the Alan Greenspan bubble burst while Bush was still in office. That guaranteed that Obama would win and McCain had no chance with that kind of baggage. She doesn’t want to saddle Hillary with the same kind of baggage. She wants Barack Obama to be able to leave, claiming that he saved us.”

Video Length: 00:06:23

Highlights from the interview: