Peter Schiff talks about the United Kingdom situation, why the UK bonds are imploding, pound is weakening, and inflation continues to surge. The Bank of England has decided to start their quantitative easing again, as the increased interest rates caused a bond crash which were about to margin call leverage pension funds. Stopping quantitative tightening will continue to make the pound weaker and cause even more inflation. Leveraging bond position is not only occurring in the UK pension funds, but also funds in other countries. This increases the risk significantly for the fund as they buy assets with borrowed money and increasing interest rates can wipe out the holdings. Other central banks can end up pivoting similar to the Bank of England and start quantitative easing again if similar situations happen in e.g. United States, Europe, etc.
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