Top economist warns America is heading toward economic disaster the Fed can't fix
1. Peter Schiff criticizes the Fed's economic predictions amid unchanged interest rates. 2. Schiff asserts inflation and economic weakness will exceed Fed's forecasts. 3. Fed projects two rate cuts by 2025, with risk of stagflation. 4. Schiff warns of potential bankruptcies and defaults, echoing 2008 crisis. 5. A global exodus from U.S. assets anticipated, impacting stocks significantly.