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THE END OF THE DOLLAR STANDARD | A WARNING FROM PETER SCHIFF
82,632 views•Jun 8, 2020
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Cambridge House International Inc.
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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:
Investing For Millennials: Gold Cash Knowledge
https://youtu.be/xIJerGmwXWk
Recession Proof 2020 | CEOs Weigh In On Investing During A Crisis
https://youtu.be/LNHiuUvYBmM
The Next Black Swan Event: Adam Baratta
https://youtu.be/NEnuWv38urI
#Gold
#PeterSchiff
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501 Comments
Auggie Giuseppe
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brian91145
brian91145
5 days ago
JP Morgan - "Gold is money, everything else is credit"
14
Arif Koçer
Arif Koçer
1 week ago
The bad thing is that the rich is converting their dollars to gold while the poor is still buying smart TVs.
44
saggoh
saggoh
1 week ago
Most idiots used to make fun of the gold standard as something "biblical", well, it is biblical, and watch it destroy the empire of lies that is Israel, the US, Saudi Arabia, and the UK.
54
Michael Heine
Michael Heine
2 days ago
Bad news for Peter. The dollar demand is strengthening and it will keep strengthening for 3-5 years. That’s bad for gold. US stocks are going to make new highs because there is nowhere else to put money. That’s also bad for Peter.
2
Claus Wolfgang Meyer
Claus Wolfgang Meyer
1 week ago
“GOLD-STANDARD” would be fair to every Currency!
50
Giorgio House
Giorgio House
1 week ago
So...if the Economy is doing better, will the Fed increase the Interest Rates Soon?
I wonder why should we pay taxes if the Federal Reserve could print money forever and use that money to pay our taxes?
56
Damien James
Damien James
1 week ago
When was this recorded? Weird oversight to disregard the importance of a time stamp.
43
Rodrigo Alberto
Rodrigo Alberto
1 week ago
US = Paper Economy!!!!!!!
33
David Rosacker
David Rosacker
1 day ago
The end of the Federal Reserve Note and the introduction of the gold backed US Dollar. Can’t wait
Alejandro Moreno S.
Alejandro Moreno S.
2 days ago
omg, I don't know that I've ever seen anyone speak faster than Schiff speaks
mike robinson
mike robinson
1 day ago
Is Amazon stock gonna roll down a hill like a giant snowball ?
drmodestoesq
drmodestoesq
1 week ago
Everyone is asking when this was recorded. I found this at the Cambridge House website.
Agenda: vric 2020
Sunday, January 19
9:20 am
9:50 am
Speaker Hall
Game over for the Fed
Speakers Peter Schiff
10
sahil sharma
sahil sharma
1 week ago
1776-2020(RIP).
33
Chris Johnson
Chris Johnson
1 week ago
14:07
2
Vim Hill
Vim Hill
1 week ago
I first noticed the BBC was peddling fake new in the 1980's
2
Venkat Ramana Koduri
Venkat Ramana Koduri
1 week ago
👍💐
Demagôgo Sensacionalista
Demagôgo Sensacionalista
1 week ago
F E D: GET TO THE CHOPPA ⚠️ #QE
Arnold Schwarzenegger: 👀 Hey that's my LINE 😭
17
Kristian Borisov
Kristian Borisov
1 week ago
When was this filmed? Anyone know the date?
16
tribulationcoming
tribulationcoming
1 week ago
I'm fairly sure this is the beginning of the economic transition.
Burning
the Field by Marc F. Brocato 2006
The American Cash Cow -
ALL BULLS OUT.
Back in the old days, before fencing had
subdivided and cordoned off the once opened areas of land throughout
the south, the farmers and cattlemen of the day would burn off the
fields and woodlands. During the summer, vegetation in the forms of
grasses, briers, and various shrubs would grow in the open fields and
meadows. These plants were a source of nutrition for livestock and a
major food supply for the herds which where allowed to roam freely.
In the fall of the year, winter would set in and the summer growth
cycle would end. With the onset of cold winter weather, the grasses
and other vegetation would die, leaving the landscape lifeless and
brown. The purpose of burning the woods were twofold. First, the fire
had a cleansing effect by clearing the ground of useless and unwanted
debris. Secondly, nutrients where returned to the soil, making them
available for the next succession of growth. One could look north and
south, east and west, and see the numerous columns of smoke rising
into the sky.
The yearly roundup took place in the fall, at
which time the cattle were gathered together. The ranchers collected
their ( cash ) cows, some were sold at auction and others where put
in places of safe keeping (Euro’s, Swiss franks, Yen, and gold....
). Not until all the cattle where herded together and relocated were
the fields and woods set on fire. This was the economic cycle that
reoccurred year after year, a necessary evil of the day and was
eventually outlawed.. Thousands of independent ranchers would be
replaced by the large cooperate cattle companies. And so it is with
food and many other good and services today, from the hands of the
thousands who established the market, whatever that market might be,
into the hands of the few who now control it. But that’s not the
end of this story, it’s far from over. Apply these same principles
and methods to the national and global economy. It appears as if the
industrialists and financiers who control the economies of the world
have been moving their cash cows out of the U.S. .for a long time in
advance of a controlled burn or just maybe wildfire. The crash of the
‘30's was such an action, however, every major market on the face
of the earth will be effected this go round. A well planned
choreography of events will reshape the global economy in ways which
the average individual cannot comprehend. When the fires are out and
the smoke clears, the result will be an empty shell of a country,
with an economic landscape barren and ready for the next season of
growth.
Enjoy your freedom and rights, savor them as you would
your favorite meal. Life in the United States and the entire
civilized world shall soon go through quiet a transition. Similar
circumstances have overtaken unsuspecting populations in the past,
but never the entire world, as it will this time. What shall be used
as the form of ignition? Will it be a manipulated economic disaster,
or some fabricated terrorist act. Perhaps a bonafide and unexpected
act of God that was not a part of man’s planning. Maybe those in
Washington will legislate the country out of existence by executive
order, it’s amusing to think a thing like that is possible.
Imagine, a economic system with no exchange rate, a global unit of
currency. One currency and one governing authority.
The
surest way to prevent seditions is to take away the matter of them;
for if there be fuel prepared, it is hard to tell whence the spark
shall come that shall set it on fire. - Bacon.
7
Mike M
Mike M
1 week ago
Why is there always so much background noise at these CH conferences?
4
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