The Economy Will Be Effected If BRICS And Saudi Arabia Choose To Launch New Currency! | Peter Schiff

The Economy Will Be Effected If BRICS And Saudi Arabia Choose To Launch New Currency! | Peter Schiff
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►In this video, Peter Schiff discusses the negative impact of the strong dollar on the rest of the world and the United States' reliance on the dollar as a reserve currency. He explains that the strength of the dollar is helping Americans by keeping prices and interest rates low, but it is hurting other countries by exporting inflation and causing a decrease in the supply of goods. Schiff warns that this dynamic will eventually break due to rising interest rates, which will make it difficult for the United States to pay off its debt and will lead to a financial crisis. He believes that the Federal Reserve will then have to turn its focus from inflation to the financial crisis, which will cause the value of the dollar to plummet and lead to even higher inflation. This will create a vicious cycle as the Fed prints more money to buy bonds and stop interest rates from rising, but this only creates more inflation and selling in the bonds. Schiff concludes by expressing his doubt that the government will take the necessary steps to address these issues, and predicts that the outcome will be very painful.

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► Special Thanks & Credit to:
Peter Schiff :
https://www.youtube.com/c/peterschiff

Disclaimer: This video is for educational and entertainment purposes only. I am not a financial adviser. Please do your own research and consult with a professional before making any investment decisions.

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