Peter Schiff predicts financial crisis worse than 2008, U.S. dollar to ‘implode’ (Part 1/2)

Kitco News, Released on 8/10/22

For Part 2 of this interview, CLICK HERE

Peter Schiff, Chief Market Strategist at Euro Pacific Capital and Host of the Peter Schiff Show, discusses the latest inflation data, whether the Inflation Reduction Act will reduce inflation, and why the Fed will be forced to pivot. He spoke with David Lin, Anchor and Producer at Kitco News.

0:00 – Inflation news
2:52 – Inflation forecasts
6:54 – Jobs and unemployment
10:34 – Tradeoff between growth and inflation
15:41 – Inflation Reduction Act
18:54 – Stock market rally?
22:06 – ‘Zombie companies’
24:53 – Investment implications
27:20 – U.S. dollar crisis

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.

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