for more on this let's bring in peter schiff he's the chief economist and global strategist with euro pacific capital of the vision of a g.p. peter thanks for coming on i always appreciate having you on the show now you just heard what the fed chair says it is continue to say the recovery will cause a temporary increase in inflation but it will eventually level out but it won't do anything until it actually goes well above that threshold of 2 percent what do you make of the current policy position by the fed well is laughable 1st of all we don't even have a recovery what we have is inflation and is that inflation it's masquerading as a recovery but the economy itself is a mess it's weak it hasn't recovered all we're doing is spending the money that the federal reserve prints but that money printing that is inflation and that's what's driving the appearance of economic growth but this is a bubble it's a disaster waiting to happen and prices ultimately are going to skyrocket and i don't care what house says maybe they have the tools to deal with it but they'll never use them because in

not just adam schiff the man between the time during the election and the nomination was the president-elect. here is peterampaign like you said? >> yes, yes, yes. god love you, man. you are a one-horse pony, i promise you my justice department will be totally on its own making its judgments about how they should proceed. steve: so there you had the president-elect, now president say yes, yes, yes, it was russian disinformation and then referred to peter as a one -- what was it a one-horse pony which, no, no, nobody understands. >> i didn't understand what vice president -- or then vice president and president-elect biden was saying. i got to tell you, one of the things that's more revealing actually out of this latest interview with hunter biden is that he said he spoke with his dad every single day at least once a day. this is the same joe biden who says i have never ever spoken to my son about business? does anybody really believe that? that is totally unbelievable at this point. and, remember, let's stay focused on what the department of justice is looking at. you have somebody with zero qualifications