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you Peter Schiff the Fed will crash the dollar in 2018 in order to solve the mother of all bubbles Peter Schiff says we are headed for the dollar crisis and weary on course to get there this year he rests the details Peter Schiff via Peter Schiff podcast Peter Schiff starts out his first podcast of 2018 with a discussion of what is going on with inflation in general tying it into oil specifically Peter says that an increasing price of oil is going to act like a major tax hike on consumers in 2018 not only that but Peter says the Fed is still concerned that inflation is still too low Peter says that one of the biggest surprises in 2018 is going to be the rising inflation which that he says the Fed will not be able to do anything about once inflation begins in earnest other topics included in this first podcast of 2018 include tax cuts Fed interest rate policy the coming fiat currency crisis the coming economic collapse the coming US dollar collapse commodities inflation gold and precious metals the stock market bubble you khaosan catalonia hit sparse along the housing bubble turns out all that as needed to halt a property bubble as a constitutional crisis of epic proportions by Don qui hones Spain UK and Mexico editor at Wolfe Street subpoenas breakaway region Catalonia is raiven into end as unruly as ever just about the only thing the latest round of elections accomplished was to confirm just how divided the region is Catalonia as failed bid for independence has left behind a sinking economic hangover none of the lofty promises made by the separatist forces have materialized four senior politicians and political activists remain in jail the European Commission has roundly rejected any possibility of an independent Catalonia remaining in the u yet enough people voted for pro-independence Pretty's to grant them the slimmest of majorities in the region as Parliament and that s enough to ensure that nothing much changes but one thing has changed the rampant political uncertainty has tempered global appetite for real estate assets in the region as capital Barcelona back in July when we last reported on the housing bubble it looked like this in June 2017 the median home price in Barcelona soared 21.7% year over a year to 3094 per square meter CA $350 per square foot with double-digit increases across all of the city s districts in the city s old town ground zero for the tourist industry the median price skyrocketed 35 percent property speculators domestic and foreign were piling into and as landlords focused on meeting the much more profitable needs of short term visitors rent soared fifty percent between 2013 and mid 2017 then on October first the referendum happened and all hell broke loose since then demand for real estate in Barcelona has waned with the result that property prices fell 1.7 percent in the fourth quarter from the third quarter according to NASA the biggest quarterly decline since painless recession ended in 2013 the irony is that Barcelona s City Council tried just about everything it can't amp an international demand for local real estate from fining sharing platforms like HAARP for featuring unlisted tourist apartments on their platforms to sanctioning local banks for refusing to sell or rent out unoccupied bank owned properties but to little avail largely because Spanish national courts key paneling the legislation it passes now it turns out that all that was needed to halt the property double was a constitutional crisis of epic proportions but even that has barely put a dent in the relentless surge in the price of rents in Barcelona the city is already the most expensive in Spain for renting with an average price of almost 19 per square metre compared to a national average of a 7.5 in 2013 when Spain s economy began its recovery from the burst property bubble just 8 percent of rental properties in Barcelona were priced above 1500 a month a sum that is prohibitively expensive for most locals now over a third are this price boom is happening in a city where salaries have all but stagnated since the crisis it is now virtually impossible to find an apartment for under 800 a month even though a third of Barcelona s local population are less than that amount in Spain 10 years ago Miller is determined to denote someone earning 1000 a month was coined to highlight the plight of young workers with low paid jobs that could never dream of owning their own flat today with a youth unemployment rate of just under 40 percent becoming a Miller esta has become something to aspire to while renting a flat in Barcelona or even a room in a flat has become an impossible dream for many young workers to make matters worse the steaming-hot property markets in barcelona and madrid are now so stacked in the seller s favor that tenants are increasingly been made to bear the full cost of agency fees which can often run into 4 figures despite the fact that attests the landlords who hire the agency s services in the first place and to ultimately benefit financially from the deal to discuss ways of protecting tenants from these kinds of abuses housing representatives from Barcelona City Council recently met up with representatives from the councils of Lisbon and New York two cities that have also witnessed huge rental booms in recent years the result was a joint manifesto calling on the city's respective national governments to grant them more power to control rents to put a stop to what they call excessive house prices Barcelona City Council also dispatched representatives to Paris and Berlin to study the impact of recent legislation aimed at curbing price rises in the rental markets Berlin for example is one of a number of German cities to have applied new federal laws that forbid landlords from hiking rents by more than 10% of what they were in the previous contract in Berlin rental contracts are valid for ten years applying similar such measures in Barcelona is going to be very hard though for the simple reason that Madrid is unlikely to permit them every time Barcelona City Council or Catalonia s regional government has tried to introduce new laws to curtail speculation in the housing market and protect tenants from evictions abuse or excessive rent increases the central government has appealed the man Spain a Supreme Court has an Ewald them at the end of the day it all comes down to one thing political autonomy and right now Catalonia has a lot less of that then and has had for a long time you ft promises made by the separatist forces have materialized for senior politicians and political activists remain in jail the European Commission has roundly rejected any possibility of an independent Catalonia remaining in the u yet enough people voted for pro-independence pretties to grant them the slimmest of majorities in the region as Parliament and that s enough to ensure that nothing much changes but one thing has changed the rampant political uncertainty has tempered global appetite for real estate assets in the region as capital Barcelona back in July when we last reported on the housing bubble it looked like this in June 2017 the median home price in Barcelona soared 21.7 you Peter Schiff the Fed will crash the dollar in 2018 in order to solve the mother of all bubbles Peter Schiff says we are headed for the dollar crisis and weary on course to get there this year he rests the details Peter Schiff via Peter Schiff podcast Peter Schiff starts out his first podcast of 2018 with a discussion of what is going on with inflation in general tying it into oil specifically Peter says that an increasing price of oil is going to act like a major tax hike on khun's you khaosan Catalonia hits Barcelona housing bubble turns out all that as needed to halt a property bubble as a constitutional crisis of epic proportions by Don qui hones Spain UK and Mexico headed Ratliff's Street Spain --is breakaway region Catalonia is raiven into and as unruly as ever just about the only thing the latest round of elections accomplished was to confirm just how divided the region is Catalonia as failed bid for independence has left behind a sinking economic hangover none of the larger sent here over a year to 3094 per square metre see a $350 per square foot with double-digit increases across all of the city s districts in the city s old town ground zero for the tourist industry the median price skyrocketed 35 percent property speculators domestic and foreign were piling into and as landlords focused on meeting the much more profitable needs of short-term visitors rent soared 50% between 2013 and mid 2017 then on October 1st the referendum happened and all hell broke loose since then demand for real estate in Barcelona has waned with the result that prosumers in 2018 not only that but Peter says the Fed is still concerned that inflation is still too low peter says that one of the biggest surprises in 2018 is going to be the rising inflation which that he says the Fed will not be able to do anything about once inflation begins in earnest other topics included in this first podcast of 2018 include tax cuts Fed interest rate policy the coming fiat currency crisis the coming economic collapse the coming US dollar collapse commodities inflation gold and precious metals the stock market bubble you
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