TGM Classic | Peter Schiff | The Death of the U.S. Dollar and What You Can Do About It
What should you own if the U.S. dollar collapses? Peter Schiff, a prominent economist and financial commentator, has long been critical of the monetary policies of the United States and expresses concerns about the long-term viability of the U.S. dollar. He points out the unsustainable nature of the U.S. national debt and emphasizes that the growing levels of indebtedness pose a serious threat to the dollar’s long-term strength. He argues that the U.S. government's persistent budget deficits, coupled with its reliance on borrowing from foreign entities, weaken the dollar's status as a trusted reserve currency. To protect against the potential death of the U.S. dollar, Peter consistently recommends diversifying investments into tangible assets such as gold and other precious metals. He believes that holding physical assets with intrinsic value can serve as a safeguard against the potential devaluation of fiat currencies, including the U.S. dollar. In this episode, Darius and Peter dive deeper into topics related to economics, finance, and investing. They talk about the economic outlook, Bitcoin and Cryptocurrencies, and the merits of investing in precious metals as a hedge against inflation and financial uncertainty. Topics include: What could possibly replace the U.S. dollar as the world reserve currency Differences between real gold and fake gold (Bitcoin) Why gold is a better store of value than Bitcoin Peter shares his take on the current banking crisis The impact of higher Federal interest rates on banks Helpful tips to prepare for rising inflation And other topics… Connect with Peter: Twitter: https://twitter.com/PeterSchiff YouTube: https://www.youtube.com/channel/UCIjuLiLHdFxYtFmWlbTGQRQ Instagram: https://www.instagram.com/peterschiff/ Facebook: https://www.facebook.com/PeterSchiff/ TikTok: https://www.tiktok.com/@peterschiffofficial Connect with Darius: Website: https://therealdarius.com/ Linkedin: https://www.linkedin.com/in/dariusmirshahzadeh/ Instagram: https://www.instagram.com/imthedarius/ YouTube: https://therealdarius.com/youtube Book: The Core Value Equation https://www.amazon.com/Core-Value-Equation-Framework-Limitless/dp/1544506708 Sponsors: Timeline - Timeline is offering 10% off your first order of Mitopure. Go to timeline.com/GREATNESS. Shopify - Sign up for your one-dollar-per-month trial period at shopify.com/darius. Constant Contact - Go to ConstantContact.com and start your FREE trial today. Mint Mobile - Cut your wireless bill to $15 a month at MINT MOBILE.com/great. Indeed - Get a $75 sponsored job credit at Indeed.com/DARIUS. Write a review for The Greatness Machine using this link: https://ratethispodcast.com/spreadinggreatness Learn more about your ad choices. Visit megaphone.fm/adchoices