Peter Schiff-Food & Energy to Increase not RE in next recession

[Jonathan R.]

I watched a Peter Schiff podcast last night that says our next recession will not be like our last one. He believes we will have an inflationary recession which will be exacerbated by the Feds attempt to boost the economy through more quantitative easing. Instead of real estate prices climbing upwards due to the easing (like they did last time), we will be seeing food and energy prices increasing this go around, not real estate and stocks.

Don’t get me wrong, I love listening to Peter, I’m buying metals right now along with real estate because I think they will increase dramatically again like they did in the last disaster. My plan was to sell off metals when they peak and buy undervalued real estate and ride the next real estate wave upward. But it doesn’t look like Peter agrees. What do you guys think?

[Bill B.]

Is he the same clown that predicted MASSIVE inflation every day on every podcast and in every interview for the first 3 years after the recession because of the stimulus  package? Over and over and over. Or the guy hyping gold was going to $10,000/oz? Or both?

If he was, he wasn’t alone. Some of those guys from 2008-2012 owe MASSIVE apologies, or at least an acknowledgement that they were wrong again.