{"id":54493,"date":"2020-07-31T12:26:27","date_gmt":"2020-07-31T17:26:27","guid":{"rendered":"https:\/\/olduvai.ca\/?p=54493"},"modified":"2020-07-31T12:26:51","modified_gmt":"2020-07-31T17:26:51","slug":"peter-schiff-the-dollar-is-not-just-going-down-its-going-to-crash","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=54493","title":{"rendered":"Peter Schiff: The Dollar Is Not Just Going Down; It\u2019s Going to Crash"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/schiffgold.com\/interviews\/peter-schiff-the-dollar-is-not-just-going-down-its-going-to-crash\/\">Peter Schiff: The Dollar Is Not Just Going Down; It\u2019s Going to Crash<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2020\/07\/peter-claman-july-22.png\"><img decoding=\"async\" src=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2020\/07\/peter-claman-july-22-1024x575.png\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">As gold was closing in on its&nbsp;<a href=\"https:\/\/schiffgold.com\/key-gold-news\/gold-breaks-all-time-record\/\">all-time record price<\/a>&nbsp;last week, Peter Schiff appeared on the Claman Countdown and warned about the looming dollar crisis.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Claman set up the interview pointing out that Peter predicted this big move up in&nbsp;<a href=\"https:\/\/schiffgold.com\/buy\/gold\/\">gold<\/a>&nbsp;months ago and asked, \u201cWhat\u2019s your new prediction about the dollar?\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Peter said it\u2019s not really a new prediction, but perhaps it\u2019s more timely.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>The dollar\u2019s not just going down. It is going to crash.\u201d<\/p><\/blockquote>\n\n\n\n<figure><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/eDDaz6Z108I\" width=\"560\" height=\"315\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Prior to the interview, Claman mentioned that the Dow was up, but Peter said there is another way to look at it.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Priced in real money, gold and silver, the Dow is actually down. And what gold is telling you, and silver, is that the dollar is losing value. It\u2019s losing purchasing power.\u201d<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">The dollar had been drifting lower against other fiat currencies over the past several weeks. At the time of the interview, the dollar index was just a few ticks off its March low.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>But I think the dollar is going to keep drifting down until it collapses,\u201d Peter said.&nbsp; \u201cAnd this is going to usher in a real economic crisis in America, unlike something we\u2019ve ever seen. Because it\u2019s going to force the Fed to choose between saving the dollar, and dumping all the bonds its been buying, letting interest rates rise sharply, forcing the US government to slash spending right now and abandon all these stimulus plans, or just let inflation ravage the entire economy and wipe out a generation of Americans.\u201d<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Claman asked Peter what is the trade given what\u2019s coming down the pike. Peter said his advice is \u201cto get out of Dodge.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peter Schiff: The Dollar Is Not Just Going Down; It\u2019s Going to Crash As gold was closing in on its&nbsp;all-time record price&nbsp;last week, Peter Schiff appeared on the Claman Countdown and warned about the looming dollar crisis. Claman set up the interview pointing out that Peter predicted this big move up in&nbsp;gold&nbsp;months ago and asked, [&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":[963,18779,839,4049],"class_list":["post-54493","post","type-post","status-publish","format-standard","hentry","category-economics","tag-peter-schiff","tag-schiffgold","tag-us-dollar","tag-us-dollar-collapse"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54493","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=54493"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54493\/revisions"}],"predecessor-version":[{"id":54494,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54493\/revisions\/54494"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}