Renowned economistPeter Schiffhas warned about the potential for a major financial crisis due to "run-away inflation" and a weakening U.S. dollar. Schiff also predicts a significant surge in gold prices.
What Happened: Schiff took to social media platform X to voice his concerns, stating that Wall Street is in for a shock as inflation accelerates. He believes the situation could lead to a more severe financial crisis than the 2008 recession, with Treasury bonds potentially becoming the new subprime mortgages.
"Wall Street will be totally shocked by just how fast #inflation heats up. It will be an...
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