The Dollar Has Lost 99% of Its Value
In a recent interview with Todd Sachs of Sachs Realty, Peter breaks down the true origins of America’s economic imbalances, highlighting the disastrous role of the Federal Reserve and misguided government policy. He critiques popular political solutions like tariffs, sounds the alarm on the ongoing decline of the dollar, and explains why precious metals remain a vital defense for savers. Peter also tackles issues from student debt to the housing market, warning listeners that the current system is fueled by unsustainable government intervention.
Early in the interview, Peter points out that, while politicians like Donald Trump identify symptoms such as trade deficits, their remedies threaten to make the situation worse. He delivers a clear message about the importance of sound money and open trade:
Donald Trump does a good job of pointing out some of the consequences of bad monetary and fiscal policy, like our huge trade deficits. But his prescription is completely wrong. He says, well, you know, what we need is tariffs and rate cuts, and we actually need the opposite of that. We don’t need any tariffs; we need free trade. But we need rate hikes. The reason that our trade deficits are so big is because our interest rates have been so low and they’ve encouraged excess consumption.
Turning to the global stage, Peter warns that the world is already moving away from the dollar. He paints a stark pi
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LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
