{"id":51357,"date":"2020-02-24T17:55:32","date_gmt":"2020-02-24T22:55:32","guid":{"rendered":"https:\/\/olduvai.ca\/?p=51357"},"modified":"2020-02-24T17:56:23","modified_gmt":"2020-02-24T22:56:23","slug":"peter-schiff-doubles-down-on-the-dollar","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=51357","title":{"rendered":"Peter Schiff Doubles Down on the Dollar"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/schiffgold.com\/videos\/peter-schiff-doubles-down-on-the-dollar\/\">Peter Schiff Doubles Down on the Dollar<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2020\/02\/peter-brent-johnson.png\"><img decoding=\"async\" src=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2020\/02\/peter-brent-johnson-1024x575.png\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p>Last year at the Vancouver Resource Investment Conference, Peter Schiff bet Brent Johnson a gold coin that the Fed\u2019s next move would be a rate cut. At this year\u2019s conference, Peter collected his&nbsp;<a href=\"https:\/\/schiffgold.com\/buy\/gold\/\">gold coin<\/a>.<\/p>\n\n\n\n<p>Brent and Peter went on to debate the future of the US dollar. Brent says the dollar will go up this year. Peter thinks it\u2019s going down. Peter put his money where is mouth is and went double or nothing against the dollar.&nbsp;<\/p>\n\n\n\n<figure><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/yaczNNjIMy4\" width=\"560\" height=\"315\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/figure>\n\n\n\n<p><strong>Peter\u2019s Highlights from the Discussion<\/strong><\/p>\n\n\n\n<p>\u201cThe central bankers are going to continue pursuing this policy as long as they can do it without some type of a crisis that intervenes. But the problem is the longer they do it the worse it\u2019s going to be.\u201d<\/p>\n\n\n\n<p>\u201cI don\u2019t think it can go on that much longer. Decades \u2013 no way! I mean, can it go on four more years. Sure.\u201d<\/p>\n\n\n\n<p>\u201cThe US market has never been this overvalued, overpriced as far as I\u2019m concerned. You know, people were optimistic in 2000.\u201d<\/p>\n\n\n\n<p>\u201cThe market is very, very dangerous. It can easily go down. Trump will tweet as much as he can to try to prop it up. But whether that and the Fed\u2019s printing press is going to be enough, we\u2019ll see.\u201d<\/p>\n\n\n\n<p>\u201cI think the whole fiat system that we have is nearing the end of its life. And the fact that were at these zero percent rates or negative rates, and all the stuff that\u2019s going on is the death knell of this system, which was doomed from the start.\u201d<\/p>\n\n\n\n<p>\u201cI think gold is going to reassert itself as the primary reserve monetary asset in the world for central banks and that threatens the dollar.\u201d<\/p>\n\n\n\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peter Schiff Doubles Down on the Dollar Last year at the Vancouver Resource Investment Conference, Peter Schiff bet Brent Johnson a gold coin that the Fed\u2019s next move would be a rate cut. At this year\u2019s conference, Peter collected his&nbsp;gold coin. Brent and Peter went on to debate the future of the US dollar. Brent [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[309,534,558,963,679,21879],"class_list":["post-51357","post","type-post","status-publish","format-standard","hentry","category-economics","tag-fiat-currency","tag-monetary-policy","tag-negative-interest-rates","tag-peter-schiff","tag-reserve-currency","tag-schiff-gold"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51357"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51357\/revisions"}],"predecessor-version":[{"id":51358,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51357\/revisions\/51358"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}