The Private Sector Can Lead Us Back to a Gold Standard
Peter Schiff recently appeared on the Jay Martin Show. During the interview, explains how the private sector can ultimately lead the world back to a gold standard.
Early in the discussion, Peter talks about investing, saying people need to be in something besides cash.
People have to go somewhere. I think you just can’t be in cash because all of these governments are just printing too much money. The inflation problem is worldwide. And it’s because all of these central banks made the same mistake.”
The world’s central banks basically followed the lead of the Federal Reserve.
We kind of corrupted the monetary policy of the whole world.”
As the US cut rates to zero, other major central banks did the same. In fact, some implemented negative interest rate policies to get their rates below America’s.
But Peter said the dollar’s status as the world reserve currency won’t last forever.
I think the world is going to reject the dollar. It’s already happening.”
Peter noted the de-dollarization efforts in many countries due to the fact that the US has weaponized the dollar and used it as a foreign policy tool.
Peter said when the dollar falls
Article from LewRockwell
