The Next Crisis Will Be A Dollar Crisis

We are not prepared for what is about to happen which again will be much worse than the 2008 financial crisis. It is going to be a dollar crisis, it is going ultimately to be a sovereign debt crisis and it is going to bring this bubble economy to its knees. (iShares Russell 2000 Index ETF (IWM), SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD))

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

European Banks: Trading Lower Than They Were At The 2009 Lows

The European banks are lower than they were at their 2009 post Lehman financial crisis low. That is a huge decline in those European banks. They got negative rates over there. This is another example of what happens when you go to bed with the devil.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.