2020 Cambridge Gold Summit

 

Peter Schiff at the 2020 Cambridge Gold Summit.

In 5 years time, the difference between having Biden or Trump as president is only marginally different. 

We are heading over a cliff no matter who is driving the bus - the difference may be how long it takes to get there. 

Most of the funding for the increase in government spending will be printed by the Fed. The Fed will monetize this government debt leading to more inflation and a weaker dollar. Quantitative easing (QE) has returned with a vengeance. Peter believes QE is a never-ending process. 

Economic Recoveries Are Not Created By Central Government Planning

According to Joe Biden the economic team he is putting together will create a strong economic recovery. Recoveries are not created by central government planning. Biden and his team will stifle any recovery that hard working Americans may have otherwise created if left alone.

2021 May Be The Worst Year Ever For The U.S. Dollar

The U.S. dollar is now trading at its lowest level against the Swiss Franc (CHF) since January of 2015. This is a harbinger of things to come. The Swiss Franc is leading the way, but other currencies will soon follow. 2021 may be the worst year ever for the U.S. dollar, at least until 2022.

The euro is closing in on 1.21 verses the dollar, and the Dollar Index is close to breaking below 91, its lowest level since April of 2018, just 3% above a six-year low.