Peter Schiff : The Dollar is going to fall sharply

03 February 2012 : Peter Schiff interviewed by Kerry Lutz at the FreedomFest’s Global Economic Summit in the Bahamas : Peter Schiff in his speech warned the Americans about the dollar losing its hegemony " people and the Americans particularly are used to the dollar being supreme that's how we are able to live the lifestyle that we do live and even though our standard of living is not as great as it once was it is still a lot higher than it is going to be , because we are able to live beyond our means thanks to the dollar , but we have abused the privilege of being the issuers of the world reserve currency . I think a dollar crisis a US sovereign debt crisis is closer hand and I think the dollar is going to fall sharply and with will be the American standard of living ....." says Peter Schiff