THE END OF THE DOLLAR STANDARD | A WARNING FROM PETER SCHIFF

The end of the dollar standard is coming and Peter Schiff is here to warn you about it. With Quantitative Easing, Negative Interest Rates, and Skyrocketing debt, what is the average person supposed to do?

Peter Schiff is the President and CEO of Euro Pacific Asset Management - A full service registered broker-dealer founded in 1980 which specializes in securities and foreign markets.
Schiff also has a Gold Fund that has the distinction of being the #1 performing gold fund of the past five years from Lipper in addition to receiving 5 stars from Morningstar.

In this video, Peter discusses some of the opportunities to profit from the coming credit crisis that will see the dollar lose its place as the world's currency reserve.

The federal reserve is going to be doing QE (quantitative easing) indefinitely and interest rates will never return to normal. This tactic failed the first time and now the Fed is doubling down and doing it again. America now has a massive debt problem with low-interest rates (negative) and have increased the debt to keep the rates low.

The key belief behind the madness was that Central Banks' policies would actually work.
Everyone believed that all we needed to do was normalize interest rates and keep the balance sheet low. This was a false belief and now the US economy needs the Fed to do QE forever in order to keep the status quo.

The market perceives QE and artificial interest rates to be good. But this is going to come to an end and when it does, the dollar is going to fall. And inflation is going to rise. Massively.
Once the dollar starts declining, this will put more pressure on commodity prices.

Right now, The Fed is saying they want inflation. And if you hold dollars you are guaranteed to lose.

"Once the US loses control of the dollar they will lose everything."
The Fed is essentially creating money that nobody wants.
The dollar is going to lose its status as the reserve currency in the world. And when this happens, Gold is going to go through the roof.

For the United States, the implications of the dollar losing status as the world reserve currency is bad. But for the rest of the world, this is a good thing. Americans have been living beyond their means with excess consumption because of the strength of the dollar.

Since Gold bottomed in December of 2015 it is up over 50% in the last four years.
Gold is at a record high against all the world's currencies. And the rest of the world is buying gold and Americans are not. Gold has done this well with a rising dollar and a rising stock market. What will happen to gold when the US dollar is falling?

Gold is the replacement for the dollar as the world's reserve currency.
Gold was the primary monetary reserve before the US dollar. America took the world off the gold standard because it had all the gold and the dollar was just as good as gold. But in 1971 the US defaulted on its commitment to back its currency with gold. This enabled a massive swell of debt as the feds kept creating money that wasn't backed by anything.

This is what created what Schiff calls "The Phony US Economy"

* Central Banks around the world are buying gold preparing for the day they need gold to back their currency paper.
* All assets are overpriced in terms of gold. You can measure their value over time in ounces of gold.
* Politicians will turn to inflation as the easy way out. Paper money will collapse, gold will go up.

The upside target for Gold is anywhere from $10,000 to $20,000 or higher. If Gold skyrockets this means the price of silver will move up even more.

The absolute best opportunity to make the most money will be in gold stocks. The amount of money that people will make in the Gold space will be phenomenal. Gold stocks will get investors 10 to 50 times ROI in the coming years.

And best of all, almost nobody is involved in gold stocks or physical gold. The majority of investors are completely in the dark about gold. This includes hedge funds, large institutional funds, money managers, and financial advisors.

Gold stocks have beaten the stock market in the last 4 years. And Gold stocks are cheap in comparison to other stocks. Gold stocks went up 40% but earnings went up 80%, whereas other stocks went up but earnings declined.

If you liked this video, hit that like button and check out more from us here:

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https://youtu.be/LNHiuUvYBmM

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Видео THE END OF THE DOLLAR STANDARD | A WARNING FROM PETER SCHIFF канала Jay Martin, Cambridge House