Peter Schiff, CEO and Chief Global Strategist for Euro Pacific Capital, has a stark warning for investors: a global collapse is coming that will bring down the U.S. dollar alongside all other fiat currencies and then lead to the collapse of all paper assets.
“This will be the first event that will touch every single living person in the world. All human activity is controlled by money. Our wealth, our work, our food, our government, even our relationships are affected by money.”
“No money in human history has had as much reach in both breadth and depth as the dollar. It is the de facto world currency. All other currency collapses will pale in comparison to this big one. All other currency crises have been regional and there were other currencies for people to grasp on to.”
“THE DOLLAR COLLAPSE WILL BE THE SINGLE LARGEST EVENT IN HUMAN HISTORY!”
“This collapse will be global and it will bring down not only the dollar but all other fiat currencies, as they are fundamentally no different. The collapse of currencies will lead to the collapse of ALL paper assets. The repercussions to this will have incredible results worldwide”
“What makes this story even more infuriating, is that it wasn’t necessary. It didn’t have to happen.”
“When The Economy Crashes Parts Of America Will Resemble A 3rd World Country,” Schiff says today.
The statements, views, and opinions expressed in this article are solely those of the author and do not necessarily represent those of EMerging Equity.