The Federal Reserve’s monetary policies have manufactured a “super bubble” that “…may give us the worst economic downturn including the Great Depression,” economist Peter Schiff declared during an interview with Accuracy in Media. Schiff is the CEO of Euro Pacific Capital, and a guest commentator on CNBC.
Thank goodness we have crypto-currencies to hedge against fiat currencies :) Still if the economy fails it is good for no one. People depend on fiat (whether we like it or not) and even if our internet money is worth 1000x, it doesn't mean it will stop all the horrible things that come with hyper inflation.
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Maybe we shouldn't have propped up the existing, failing system for so long.
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