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PETER SCHIFF SOUNDS THE ALARM: SAME MISTAKE AGAIN COULD TRIGGER ECONOMIC FIRESTORM

Renowned economist Peter Schiff is warning that the same mistake that led to the 2008 financial crisis could happen again, triggering a devastating economic firestorm.

Schiff, who predicted the 2008 crisis and was one of the few economists to get it right, is sounding the alarm about the Federal Reserve's loose monetary policies and the growing national debt. He believes that the Fed's continued printing of money and its willingness to keep interest rates low will only serve to fuel inflation and asset bubbles, leading to a catastrophic outcome.

"The same mistake that led to the 2008 crisis is being repeated again," Schiff said in an interview. "The Fed is still printing money and keeping interest rates low, which is only going to lead to more inflation and more asset bubbles. And when those bubbles pop, it's going to be a disaster."

Schiff points to the rapid growth of the national debt as a major concern. He notes that the debt has grown from $6 trillion to over $25 trillion in just a few decades, and that the interest payments on that debt are now the fastest-growing part of the federal budget.

"The national debt is a ticking time bomb," Schiff said. "It's going to explode and cause a massive economic crisis. And the only way to prevent it is to stop printing money and start living within our means."

Schiff's warnings are not limited to the US economy. He believes that the global economy is also at risk, and that the same mistakes that led to the 2008 crisis are being repeated on a global scale.

"The global economy is a house of cards," Schiff said. "It's being propped up by central banks and governments, but it's only a matter of time before it collapses. And when it does, it's going to be a disaster of epic proportions."

Schiff's warnings are not without precedent. He has been warning about the dangers of the national debt and the Fed's loose monetary policies for years, and has been vindicated by the events of the past decade. His warnings are a reminder that the economy is a complex system, and that the consequences of our actions can be far-reaching and devastating.