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hey guys everything new Under the Sun here here's an article from businessinsider.com this is Peter Schiff now speaking of the US and uh looking ahead to predicting of sorts uh what will happen in the US now I did a a video about negative interest rates in uh Japan and we know they're doing it in Sweden and uh the Euro Zone uh central banks are doing negative interest rates Peter Schiff now comes out and he speaks about the us we're going to have a serious recession and negative interest rates before the election so the US election is this year November this year and he says negative interest rates before the election based on today's GDP release it appears the US economy is slowing down but not near any sort of massive collapse Peter Schiff begs to differ the CEO and chief Global strategist of Eur Pacific Capital also noted Perma bear said that serious economic destruction is just a few months away I think the FED is going to have to have going to have negative interest rates before the election because we're going to be in a serious recession fascinating before the election next couple of months he's saying uh the US Federal Reserve is going to go negative that means the uh people maybe are going to actually uh not be going to a safe haven dollar U but maybe they'll actually be going to uh gold and silver and precious medals in fact Shi said that we may already be in recession and this is this one is going to be a doozy we're in worse shape now than in 2007 I think everybody agrees all the um people I hear agree that you know it's worse than it was in 2007 Chief among his concerns is a growing bubble of debt that has accumulated in the US which he said is even bigger than the real estate bubble uh that burst in 2008 he said that there isn't as much debt in the real estate sector but the total sum of debt from student loans auto loans government debt and the fed's balance sheet is massive according to shiff this total is by far bigger than what we saw before either the housing bubble or Tech bubbles fussy Beans Coffee once this bubble pops and shift pops and shift fears that it may already have the following recession will force the federal reserve's hand that will make them pull interest rates into negative territory much like the bank of Japan's move Friday I just did a video on that the FED is going to move is going to go negative because they want to do something stimulative to try and boost the economy so that Republicans or someone like Donald Trump don't just walk away with the election that Democrats don't Democrats don't just walk away the election he's suggesting they're going to blame the downturn on overseas weakening walk washing up on shores on our Shores to try and convince us that our economy is all right so they're going to say Janet yellen's going to come out and say look we have to go to negative interest rates in the US because Japan uh is having trouble they've went negative interest rates because the Euro zone is having trouble because uh um Russia and China are having trouble we need to go negative interest rates because that they're not going to admit that the US economy is having a lot of trouble goes on now this isn't a new isn't exactly a new OB observation by Schiff uh he has been calling for similar disasters from some time time now the common uh counterargument to shift pessimism is that while Manufacturing in the US has slowed American consumer spending really drives the economy as we learned Friday consumption Rose 3.1% in 2015 and most of the dec shiff however thinks that this isn't as strong as it seems most of the growth uh has been in things like healthcare it's not that consumers are spending more on things and you can think of yourself are you spending more or less and and what are your friends doing spending more or less it's not that consumers are spending more on things they want uh they just have health care and they're being forced to pay more for it so in the US they have Obamacare and uh if you've been following any mainstream news I haven't followed a ton but you'll know that their premiums continue to increase and they're paying more and more what happened was uh they didn't have uh you know federally funded or whatever health care or federally organized Healthcare and once they were forced to take Obamacare all of a sudden you have all these sick people piling on Healthcare and saying well I'm paying for it now what why don't I go use it and so uh the healthcare system is now saying wow we didn't realize there was so many sick people all of a sudden these sick people came and started trying to get healthcare because um they had they started paying for it so they said they figured they'd go and use it and uh they just didn't have the money for that the the premiums went up for everybody so what's going to happen when the things uh when the one thing keeping uh consumers afloat low gas prices disappears simple they're going to sink Shi also pointed to the recent uh earnings disappointments from retailers like Macy's and GAP uh as well as on online sellers like Amazon and eBay as signs that things simply don't look good we are headed for a real economic collapse shift said the order of magnitude of which will be much greater than the 2008 crash that's really the line to remember um regardless of what happens even even if there's no Bible prophecy happening right now the math doesn't lie the numbers don't lie we are in debt far over our head way more than 2008 they've not let the markets correct themselves like a proper uh capitalistic Market would do free market a good free market would do a free market would correct itself take a drop everybody would get haircuts and then we'd start uh from a fresh level with uh proper pricing and no froth in the markets but they've not let the market correct um so we're going to see a massive massive crash which is going to hurt all the little people you and I um but all the the big wigs are all getting prepared for this they're all buying precious mod they're all all getting into assets that are going to hold them through this they're all making a boatload of money while they uh you know on the market up bounces and uh you know any smart money is pulled out of the economy basically by now so uh I agree with shiff and he's been saying it for years and it should have happened for years because if there wasn't manipulation the market should have crashed already for a number of years it should have crashed way back in 2008 but they didn't let it crash they did quantitative Eason they printed money they lowered interest rates they didn't let the market correct itself so we are heading for an even bigger collapse when this happens so this is it and I agree with him and he's suggesting before the next election so now we have a time frame so I'm thinking in the next couple of months we're going to see negative interest rates and the next thing is Cash society and that's uh that rolls right into mark of the beast uh territory when we go digital currency cash the society so uh pay attention heads up please subscribe if you appreciate it and uh the most important thing is uh I hope you know Jesus Christ as your personal Lord and Savior we are getting near the end times s the the economy is heading downwards use wisdom um prepare uh even if the Lord doesn't return in the next um 50 years you should prepare and you should know this information so that you are able to provide for your family and uh I but I do I do think I do I do believe that we are are in the end times I think large turn is very near so I think the most important thing of all is to make sure you have your heart right with Jesus Christ

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