A Tale of Two Dollars – Ep 826
The Peter Schiff Show Podcast
00:00
The Dollar Is an Effective Hedge Against Inflation
The dollar is rising on the greater fool theory. People are just buying something because they have a belief that it's going to go up. That can go on for only so long, until ultimately the bubble pops. In this speculative mania, outside the united states, it looks like it's preserving a lot of value. Of course, if everybody who's hoarding these dollars try to unload the dollars to get their own currencies back so they can actually buy goods and services, then the dollar would collapse. But right now the dollar looks like a much better alternative to gold.
Transcript
Play full episode
