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Financier Warns: the Crisis Is upon Us, but Not in the Way Many Would Expect
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Economist Peter Schiff says the Fed, which acts as the US central bank, made its biggest mistake by cutting interest rates, which could accelerate a crisis of confidence in the US government - writes Kitco. According to Schiff, although many expect this, the upcoming crisis will not be like 2008: it will not be about the danger related to private credit, but about the loss of confidence in the US government.
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