Title: Peter Schiff - Gold Will Explode & Dollar Wiped Out Source:
[None] URL Source:https://www.youtube.com/watch?v=ynmwL8NeXoA Published:Nov 14, 2017 Author:Greg Hunter Post Date:2018-03-08 21:53:19 by BTP Holdings Keywords:None Views:560 Comments:3
How long can the U.S. economy be propped up with ever expanding debt? Money manager Peter Schiff says, “How high can the debt go? I don’t know and you don’t know. . . .How many straws can you put on a camel’s back? You don’t know until you put that final straw that’s one too many and you break his back. So, can we go to $25 trillion in debt? Maybe. At some point, we are going to break the back of the camel with all this debt. Then we are going to find out how much debt we can pile on, and it’s not going to be pretty. Everybody is going to lose. Everybody is going to get wiped out who has been partying in the stock market, the bond market and the real estate market. The dollar is going to tank, and purchasing power is going to get wiped out.”
Inversely, Schiff says it is the same with the suppressed gold and silver markets. Schiff contends, “They can’t keep doing it, and it will end. It’s just like how much debt can we take on. It’s not an unlimited amount. We will know when we get there. How long can they keep the price of gold suppressed? We will know when we get there. At some point, the price is going to explode because there is real physical buying, and all that paper selling can’t camouflage that. . . . People don’t trust fiat currencies . . . . More and more people are looking for alternatives, and the real alternative is gold. When they embrace it, it’s going to overwhelm central banks’ ability to suppress the price. In the meantime, enjoy the gift that they are giving.”
Join Greg Hunter as he goes One-on-One with money manager and financial expert Peter Schiff, founder of Euro Pacific Capital.
Poster Comment:
Federal Reserve Notes are evidence of debt, and obligations of the United States. How does it feel to have a debt based currency?
The international bankers have been raping the world for decades, instigating wars for centuries, fund the wildest and most dangerous mass migration in history,and have their sights focused on destroying America.
How is it that hardly any so-called official has the balls to call out this gargantuan FEDERAL fraud for the immense damage it has done to the people of the world.
Ephesians 5:11King James Version (KJV)
11 "And have no fellowship with the unfruitful works of darkness, but rather reprove them. "
How is it that hardly any so-called official has the balls to call out this gargantuan FEDERAL fraud for the immense damage it has done to the people of the world.
The Federal financial system is such a huge fraud it is unbelievable. Even though Nixon closed the gold window in 1971, and effectively gutted the Bretton Woods Agreement in favor of free floating fiat currencies.
Now Ft. Knox is empty and the gold has been transferred to the sub-basement at 333 Liberty St. in New York. This is another address for the Federal Reserve Bank. The FED has assumed control over the gold as collateral on the national debt. ;)
"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke