In a Q&A with GoldSilverWorlds, Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital, explained why the mother of all collapses is still in front of us and shared his top tips on how to protect financially.
Peter Schiff has an outspoken libertarian view on the world and economics. It is no coincidence he will be one of the keynote speakers at the first Liberty Forum Conference 2013 on December 4 to 8. His libertarian view was mainly influenced by his father, more so than any of the books he has read. From a young age, he discussed with his father topics related to government, economics, the Constitution, and history of the US. His personal view and the free market oriented perspective were a perfect fit even if these ideas were in contrast with the majority of economic experts and governments. According to Schiff “many people just buy the establishment; they accept a lot of nonsense.”
Looking at the course of the economy and the markets, Schiff sees a confirmation of the outlook he presented in his books (The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country, How An Economy Grows and Crashes and Crash Proof 2.0: How To Profit From The Coming Economic Collapse, learn more about these books). The collapse of the dollar is unavoidable and will be the worst of all crises.
Why the collapse of the dollar is unavoidable
The current economic problems in the Western world are shared by most countries. It mostly boils down to excessive debt levels and too many promises by governments in untenable social welfare states. However, the US is suffering the most from this disease. One could compare it with cancer that is more advanced in some specific places. The US has taken debt to a level unparalleled, beyond anything the government had promised.