We Will Need Another Injection Of QE To Keep The Bubble From Deflating

The markets have not come to terms with this reality, yet. But eventually they will figure out that this is all talk, that the Federal Reserve cannot raise rates because we are too addicted to the cheap money. We will have to have another injection of QE to keep the bubble from deflating and when that happens the bottom will drop out of the dollar.

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

Has The U.S. Dollar Peaked?

The U.S. Dollar has had a very significant rise over the last couple of years, although it has not been rising since March. It kind of peaked out in March. But the basis of the Dollar rally was the false confidence in the U.S. Economy and the generally held view that the Federal Reserve was going to start raising interest rates and shrinking down its balance sheet because it had fixed all the problems.

The reality is they did not fix the problems, they made them all worse and so now they can`t shrink its balance sheet, it can`t raise interest rates without precipitating a worse financial crisis than 2008. The markets haven`t come to terms with this reality.

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

Gold: We Are At These Levels Where you Get The Buyers

I think we are at these levels where you get the buyers, the real long term buyers who are not buying Gold for a trade, they are buying Gold because they want to own it.

They are buying Gold because they really understand that the Dollar is at risk, the fiat system is at risk and they need to buy real gold.

Related ETF: 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.