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Was the U.S. Oil Boom Just Another Fed Inflated Bubble and is it Contained? Ep. 34

The Peter Schiff ShowWas the U.S. Oil Boom Just Another Fed Inflated Bubble and is it Contained? Ep. 34

  • If oil goes down to $35/barrel we will not be able to produce oil for export at that price.
  • It is no accident that oil prices are dropping as the Fed is ending QE.
  • What are the implications for the U.S. Economy if the Oil Bubble bursts?
  • Good jobs in the industry sector will go away.
  • Oil sector business loans will default
  • Investors will lose money.
  • The fallout will be bigger than the dot com bubble.
  • If oil was a bubble fueled by cheap Fed money, what’s next?
  • If the collapsing oil prices threaten recession, the Fed may launch QE4.
  • If the Fed does not launch QE4, other bubbles will be affected.