Bailout Quote by Peter Schiff
![“We are headed for a much morse financial crisis than the one we experienced in '08 [2008] and we are headed for a much greater recession than we lived through following that crisis; the one we called the Great Recession. And what's going to make it so much worse is, it's going to be inflationary…” quote by Peter Schiff](https://sms4smile.com/quotes/img-quotes/201/peter-schiff-8095_bailout_we-are-headed-for-a-much-morse-financial_1627972.jpg)
““We are headed for a much morse financial crisis than the one we experienced in '08 [2008] and we are headed for a much greater recession than we lived through following that crisis; the one we called the Great Recession. And what's going to make it so much worse is, it's going to be inflationary. Consumer prices are gonna be going up as the economyis going down.””
About This Quote
Source Interview: Financial TV interview, 2023
The upcoming crisis will be deeper, longer, and inflationary, worsening the recession we already face.
In simple terms: Future crisis will be worse and cause inflation.
Key Takeaway
Prepare for inflation and recession.
Themes
economics
recession
inflation
financial risk
policy
Mood
cautious
analytical
Type
financial
predictive
When to use this quote
- personal finance
- investment strategy
- government budgeting
- business planning
Key Concepts
macroeconomic cycles
fiscal policy
market volatility
Questions to Reflect On
- What safeguards can individuals take?
- How might policy mitigate inflation?
A Different Perspective
Predictions may be uncertain and depend on policy responses.
![“This ... he largest financial bailout in history ... was not just a bailout of SVB [Silicon Valley Bank]. It was a bailout of over fifty thousand SVB depositors with over $170 billion in deposits. It was a bailout of SVB's customers, it's employees, their suppliers, and the entire high-tech…” quote by James Rickards](https://sms4smile.com/quotes/img-quotes/385/james-rickards-25234_around-the-world_this-he-largest-financial-bailout-in-his_360776.jpg)
