KW: Schiff has been wrong for a long time like many other financial commentators who have been warning of a looming crisis. His map for the way forward is as follows and will it become true?

1. Bear market;

2. Recession;

3. Deficits explode;

4. Return of ZIRP and QE;

5. Dollar tanks;

6. Gold soars;

7. CPI spikes;

8. Long-term rates rise;

9. Fed. forced to hike rates during recession

10. A financial crisis without stimulus or bailouts!

Source: Peter Schiff Explains “What Happens Next” In 47 Words | Zero Hedge

Meanwhile…….

With 90,000 jobs at stake, bankrupt Sear may shut as many as 400 stores. In addition to dramatically shrinking its store base, America’s formerly largest retailers also hopes to sell stores and other assets, including its Kenmore appliances brand and home services business in court-supervised auctions while under bankruptcy protection during the Chapter 11 process.