we should go back to Gold standard the days of the Dollar as reserve currency are over

Peter Schiff was interviewed today by Russia Today TV :
The question is why has not the dollar falling further , what's holding it up ? I think the dollar should already be a lot weaker than what it is today , the reason is the dollar is going to fall and should have already fallen , we are simply printing way too many dollars and we are not producing as much stuff , so we have a lot of money chasing a relative scarce supply of goods , the dollar gotta go down , if you look at the future prospects of the dollar printing , if you look at trillions and trillions of dollars the government is obligating itself to spend and no revenue sources other than the printing press , the supply of the dollar is going to go to the roof in addition all the new regulations and new rules that the government is passing it is further encumber the ability of the American economy to produce real goods , so we are going to be less competitive as result of bigger government , bigger government is going to be a lot more expensive so the money printing is going to go out of the chart and the dollar is going to plunge .
we should go back to Gold standards the days of the Dollar as reserve currency are over but there is nothing at the moment to replace the dollar with






Dollar has no future as a reserve currency, believes economist Peter Schiff. He says having reserves backed by the dollar is worthless.

Peter Schiff disagrees with Marc Faber on Hyper inflation

Peter Schiff answering your Reddit questions : Peter Schiff was on reddit lately answering your questions , reddit is a social media similar somehow to facebook and tweeter , the 10 questions touched several topics : Peter Schiff said amongst other things that he believes that the seized Japanese bonds on the Swiss Italian border seem to be counterfeit , because it is not logical that the Japanese finance minister will count on two individuals to smuggle that big amount of bonds , besides the old age of the bonds indicate that probably they are fake cause at that time we very unlikely had that much of bonds in press , Peter Schiff also said that he disagrees with Marc Faber regarding the probable hyperinflation , yes we will have a high inflation he said but I doubt that we will really have a hyperinflation ,how high we do not now but it will certainly be higher than the one we had in the 1917s he added.... that's a worse case scenario and it is very unlikely.... Peter was as excellent and outspoken as usual

Build your own custom video playlist at embedr.com