{"id":29831,"date":"2018-01-17T17:22:55","date_gmt":"2018-01-17T22:22:55","guid":{"rendered":"http:\/\/olduvai.ca\/?p=29831"},"modified":"2018-01-17T17:22:55","modified_gmt":"2018-01-17T22:22:55","slug":"peter-schiff-in-the-impending-collapse-everything-that-can-go-wrong-will","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=29831","title":{"rendered":"Peter Schiff: In The Impending Collapse \u2018Everything That Can Go Wrong, Will\u2019"},"content":{"rendered":"

Peter Schiff: In The Impending Collapse \u2018Everything That Can Go Wrong, Will\u2019<\/a><\/h3>\n
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\"peterschiff\"<\/p>\n

The impending economic collapse is hidden from most. People only see a rising stock market, not the negative underlying factors that will cause the whole system to crash.<\/p>\n

The weakening of the U.S. dollar is just getting started, warned veteran market forecaster Peter Schiff<\/a>, CEO of Euro Pacific Capital. \u201cWe have just begun a major, long-term bear market in the dollar<\/a>,\u201d he said, which should cause a spike in oil prices. He thinks oil will reach $80-$100 a barrel in 2018. The commodity currently trades at roughly $63 a barrel. Shiff\u00a0focuses on oil as just one example of the inflation that will help collapse the dollar.<\/p>\n

When the price of oil rises, it reverberates through the economy. Peter called it a gigantic tax hike for consumers. But the Fed is still worried prices aren\u2019t going up fast enough<\/strong> and that they won\u2019t hit the mystical 2% goal.<\/p>\n