Peter Schiff Warns: Get Ready for a Sovereign Debt Tsunami

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, engages in a crucial conversation with Peter Schiff, founder of Schiff Gold and Chief Market Strategist of Euro Pacific Asset Management. Schiff draws unsettling parallels between the current macro environment and the prelude to the 2008 financial crisis, emphasizing that this time, the repercussions could be even more severe. In a frank discussion, he posits that the Federal Reserve faces a stark choice—between averting a colossal financial collapse and safeguarding the integrity of the U.S. dollar. Schiff delves into the intricacies of the escalating U.S. debt crisis and shares his insights on the future trajectory of gold prices. Stay tuned for an in-depth analysis that explores the delicate balance the economic landscape is treading.

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00:00 - Intro
01:50 - It's feeling a lot like 2007, what's next?
04:52 - Data revisions
08:31 - Market reaction
11:09 - It’ll be worse than 2008
12:27 - The trigger to watch
16:38 - Currency collapse
27:08 - What's the alternative to USD?
38:21 - What derails Peter Schiff's outlook?
43:46 - Geopolitical situation
46:24 - Gold forecast
54:18 - U.S. election
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