By Greg Hunter\u2019s\u00a0USAWatchdog.com<\/p>\n
Money manager and economist Peter Schiff says all the debt and money printing by the Fed will, ultimately, get down to one thing and that is the U.S. dollar.\u00a0 The Fed has been getting away with this turbocharged money creation policy since the last financial meltdown in 2008.\u00a0 In 2021, the consequences of \u201cmoney for nothing\u201d are finally kicking in.\u00a0 Schiff explains, \u201cThe inflation crisis and the dollar crisis . . . are a much bigger economic event that will have a much greater impact than the 2008 financial crisis.\u00a0\u00a0<\/span>I have been warning about the consequences of all this money printing for years and years.\u00a0 Now, finally, you are really starting to see that.\u00a0 The government has been able to bury the amount of inflation they have been creating because of the CPI (Consumer Price Index).\u00a0 The CPI doesn\u2019t really capture the degree that prices are going up.\u00a0 So, it creates a false sense of confidence that we haven\u2019t had inflation, but now prices are rising so rapidly that even the government\u2019s doctored CPI number can\u2019t hide it. . . . We are getting these huge price increases across the board.\u201d<\/p>\n How worried should people be about all the Fed money printing?\u00a0 Schiff warns, \u201cThe Fed says there\u2019s nothing to worry about.\u00a0 Inflation is just going to magically come back down.\u00a0 We are still going to be at 2% inflation.\u00a0 So, we can keep the printing presses going with the pedal to the metal, and we are going to have these huge deficits.\u00a0 We are going to print all this money, and there is nothing to worry about.\u00a0 Well, you better worry!\u00a0 This crisis will be much worse than 2008, and unlike 2008, nobody\u2019s getting a bailout.\u00a0 The reason the Fed could do the bailouts is the Fed could print the money to fund the bailout.\u00a0 The next crisis is the dollar that is going to be in crisis. The dollar is going to be crashing, and they can\u2019t bail anybody out from a dollar crash because all they can do is print more dollars, which will just accelerate the collapse of the dollar.\u201d<\/p>\n The warning is simple.\u00a0 Schiff says, \u201cThis is a completely dysfunctional economy that is going to collapse when the bottom drops out of the dollar.\u00a0 I think that crisis is close at hand.\u201d<\/p>\n In closing, Schiff points out, \u201cGold and silver are very cheap.\u00a0 Everything is in a bubble except gold and silver because gold and silver are real money. . . . We are going to see all these bubbles deflate in terms of gold and silver.\u00a0 The price of stocks, real estate and crypto currencies are all going to come way down in terms of gold and silver. . . . Get your gold and silver, physical coins, buy that now while you can still get it.\u00a0 In the future, not only are the prices going to go way up for the metal, but the premium on the coin is going to go way up in addition to that.\u201d<\/p>\n
\nVIDEO:<\/strong> https:\/\/usawatchdog.com\/dollar-is-going-to-collapse-peter-schiff\/<\/a><\/h3>\n
\n