We have a severe warning about the dollar collapse, aka hyperinflation.
Suddenly, the dollars’ worth isn’t as it used to be because it’s been inflated like Venezuela.
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Greg Hunter had an amazing interview with Peter Schiff where they warn about the impending danger, and I felt obliged to share it with you.
USA Watchdog covered the story.
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. The Fed has been getting away with this turbocharged money creation policy since the last financial meltdown in 2008. In 2021, the consequences of “money for nothing” are finally kicking in. Schiff explains, “The inflation crisis and the dollar crisis . . . are a much bigger economic event that will have a much greater impact than the 2008 financial crisis. I have been warning about the consequences of all this money printing for years and years. Now, finally, you are really starting to see that. The government has been able to bury the amount of inflation they have been creating because of the CPI (Consumer Price Index). The CPI doesn’t really capture the degree that prices are going up. So, it creates a false sense of confidence that we haven’t had inflation, but now prices are rising so rapidly that even the government’s doctored CPI number can’t hide it. . . . We are getting these huge price increases across the board.”
How worried should people be about all the Fed money printing? Schiff warns, “The Fed says there’s nothing to worry about. Inflation is just going to magically come back down. We are still going to be at 2% inflation. So, we can keep the printing presses going with the pedal to the metal, and we are going to have these huge deficits. We are going to print all this money, and there is nothing to worry about. Well, you better worry! This crisis will be much worse than 2008, and unlike 2008, nobody’s getting a bailout. The reason the Fed could do the bailouts is the Fed could print the money to fund the bailout. The next crisis is the dollar that is going to be in crisis. The dollar is going to be crashing, and they can’t 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.”
The warning is simple. Schiff says, “This is a completely dysfunctional economy that is going to collapse when the bottom drops out of the dollar. I think that crisis is close at hand.”
In closing, Schiff points out, “Gold and silver are very cheap. 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. 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. 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.”
However, this isn’t the first time that we warn you about hyperinflation.
John Williams discussed this topic, and he will prepare you for this event in a short period.
Take a look at the video on Rumble.
The dollar collapse will wipe out people who think that they are doing the right thing, the savers, and people with money in a bank account.
Rafi Farber has a significant track record on this theme. Keep reading.
Ran is a wise man who knows what to do to protect his family. https://t.co/tHidSrTZFz
— Rafi Farber (@RafiFarber) May 23, 2021
Great to be on Wall Street silver! Amazing group of people. Really. https://t.co/wOfYVlPi1K
— Rafi Farber (@RafiFarber) May 22, 2021
— Rafi Farber (@RafiFarber) May 11, 2021
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Wall Street Silver: Rafi Farber joins us to discuss the coming hyperinflation and how to protect yourself. Rafi Farber is an investor, author (The End Game Investor), and proponent of the Austrian Business Cycle. His investing approach includes gold, silver and sound money.
Read the best comments.
A Storm is Brewing!
Bo Polny believes $600/oz silver will be on the low end of what’s coming. He sounds the alarm!
According to him, the storm is coming, and silver is the life raft.
Last but not least, Former JP Morgan exec also warned to buy silver!
We offer you the best silver Trump coins, and below, you can find links where you can buy them.
No one tells you what to do. We only warn and advise you.
You should buy physical silver!