Good Politics Is Bad Economics – Ep 803
The Peter Schiff Show Podcast
00:00
Dollar Is the Epicenter of This Currency Crisis
The dollar is at the epi center of this currency crisis. The inverse of that is gold. People still don't get that we are witnessing, basicly, the death throes of this dollar based fiat currency system. And what is ultimately going to be reborn when this system dies is a global gold standard. Gold is the only money that works. It's worked in the past. It will work in the future. We're high lighting that now with the sanctions,. Because gold is theonly monetary asset that isn't somebody else's liability. They want to own something real with intrinsic value - not something that can be created by central bankers and conjured into existence out of thin air.
Transcript
Play full episode
