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#1156 Peter Schiff On The Fed, Interest Rates, Labor Market, Gold, & Bitcoin
The Pomp Podcast
The Currency Crisis and the Debt Crisis?
As buyers for US Treasuries or dollar-dodomin debt in general disappear, nobody wants to loan money anymore. So you're going to start to see a loss of buyers and then the Fed is going to step in with an even bigger quantitative easing program. The only way they can prevent that from happening is by creating more inflation. And that's really what leads to the currency crisis because the markets figure this out finally and nobody wants our dollars.
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