
353. The US Dollar Might Collapse | Peter Schiff
The Jordan B. Peterson Podcast
Financial Crisis Already Started, Currency Crisis is Coming
The financial crisis has already started, as evidenced by the failure of multiple banks such as Silicon Valley Bank and Signature Bank./nThe government's actions in propping up failing banks and printing more money to come to the rescue are seen as a mistake./nInflation is expected to run out of control due to the Fed's return to inflationary monetary policies despite inflation already being triple its 2% target./nThe weakest financial position we've ever been in is leading to another recession./nCOVID-19 is seen as massively inflationary due to the printing of even more money than ever and incentivizing people to stay home./nThe current situation is a taking point and the actions of central banks with interest rates will have a significant impact on the economy.