# The Crypto Market > Peter Schiff pumps up the FUD and predicts the collapse of the US economy 🤣 "The Fed's rate cut will not prevent a recession. In fact, the US economy has most likely been in recession for a long time, although this has not yet been officially confirmed. While short-term rates may decrease, long-term rates and inflation will rise, as well as unemployment. The game is over." When I realized that the crypt was not dying, but I still had to say something **Published by:** [lagusa.eth](https://paragraph.com/@lagusa.eth/) **Published on:** 2024-09-10 **URL:** https://paragraph.com/@lagusa.eth/the-crypto-market ## Publication Information - [lagusa.eth](https://paragraph.com/@lagusa.eth/): Publication homepage - [All Posts](https://paragraph.com/@lagusa.eth/): More posts from this publication - [RSS Feed](https://api.paragraph.com/blogs/rss/@lagusa.eth): Subscribe to updates ## Optional - [Collect as NFT](https://paragraph.com/@lagusa.eth/the-crypto-market): Support the author by collecting this post - [View Collectors](https://paragraph.com/@lagusa.eth/the-crypto-market/collectors): See who has collected this post