SchiffThis is going to be a huge crisis. Alan Greenspan was on CNBC saying this is the worst thing he has seen in his career. He’s not talking about what has already happened. He’s talking about what is ABOUT to happen. He understands how screwed up the economy is because he helped screw it up. . . . One of these days, you are going to see gold moving up at $100 clips routinely when people really perceive the dangers in the fiat world and come to grips with how much money these central banks are going to PRINT…”

collapse“We’re Going to Have a Crisis”
Back before 2008 Peter Schiff was harshly criticized and laughed at for his predictions about a coming economic collapse.

Today, Schiff continues to argue that the economy is on a downhill trajectory, and this time there’ll be no stopping it…

bloodFrom Greg Hunter:
The market keeps falling and the Fed can’t stop it.  Gold is up something like $100 an ounce.
The price of gold is going to skyrocket, and it’s going to go up so much more than this because we are just getting started.
They are not going to do anything to rein in inflation because it’s impossible.  Gold is going to sense this.  It’s going to smell blood You’ve got a lot of people who are shorting the gold market.  They are going to get crushed.

rocketThe admission that the economy is so weak that it needs more QE is going to destroy the narrative that the U.S. economy is in great shape and it’s no longer going to be the safe haven for capital around the world…it’s going to prick the bubble in the dollar…and people are going to realize that we’ve never recovered from anything, the economy is sicker than ever, the Fed’s going to make it even sicker with more of its toxic monetary policy, the dollar’s going to tank and the price of gold is going to skyrocket and people need to prepare for that now. 

SchiffPuerto Rico’s governor is preparing to call in the lawyers. The Caribbean island is sitting on a $72 billion debt and defaulted on some of it again this Monday. The country did meet tens of millions in interest payments, and some of its bonds rallied a bit, which means some investors are still willing to take it on. But the U.S. Commonwealth is still running on fumes. Its governor says there’s not enough money to keep public services going.
Is Puerto Rico America’s Greece?  Peter Schiff breaks down the crisis…

dollarfrom Greg Hunter:
Money manager Peter Schiff says gold and silver are not going fall dramatically in price from here.  Schiff says, “That’s not going to happen. There will be deflation. If you want to price things in gold, stock prices are coming way down in terms of gold. Real estate prices are coming way down in gold. Consumer prices are coming way down in gold. Commodity prices are coming way down in gold. They are not coming way down in dollar bills because the government can create as many of those as it wants… 
Every country that has gotten themselves into the mess were in, only on a smaller scale, there has always been a collapse in the currency…

cliff“I’m surprised [this dollar crisis] hasn’t happened already.  But I think it’s because the rest of the world has just been so brainwashed by the mainstream media, by the central bankers, by Wall Street, that they just haven’t figured out the problems that the Federal Reserve has created over the last seven years, with three rounds of quantitative easing and zero-percent interest rates. I think the US economy is poised on a much bigger cliff than the one we went over in 2008.” 

dollar“Eventually the foreign exchange markets are going to get wise to this con. They’re going to figure this game out, and they’re going to realize that the Fed is never going to deliver on this promise [of a rate hike], that rates aren’t going to go up, that the balance sheet is never going to shrink, that it’s going to grow in perpetuity.  And then there is going to be a currency crisis…
Peter Schiff’s EPIC Rant on CNBC is Below: