Peter Schiff Warning – Economic Predictions – Financial Crisis 2017 Will Dollar Collapse

Monday, February 20, 2017
By Paul Martin

Amber William
MyDailyInformer.com
February 20, 2017

Economic Predictions
The American economy has a lot of momentum, but the unhinged trade policies for President Donald Trump could trigger a U.S. dollar collapse in 2017.

At first blush, the dollar seems to enjoy a lot of momentum. Renewed growth prospects emanating from Trumpian policies and higher interest rate expectations have provided a constant bid, buoying the U.S. Dollar Index to 14-year highs in early January.

But is everything as it appears? Most likely, it is not. In fact, a U.S. dollar collapse 2017 could be imminent, depending or the free trade policy agenda of Donald J. Trump.

Peter Schiff is an economic forecaster & investment advisor influenced by the free market Austrian School of Economics is one of the few forecasters who accurately and publicly predicted the 2007 housing market collapsed and subsequent 2008 financial crisis his latest best-selling book the real crash Americans coming bankruptcy how to save yourself and your country will understand the 2008 crisis was just a prelude to a larger sovereign debt crisis of the United States that may lead a collapse of the US dollar either recommends long-term investment in foreign markets with sound fiscal policies as well as global commodities including physical precious metals.

From the beginning you stated years ago that there was going to be a real estate bubble and many people ignored you including me so I’ll be humble about it so what would begin with dad specific fact what prompted you back then to predict that well I mean I understood the offensive said policy i knew that real estate in particular was particularly sensitive to interest rates because most people when they buy a house they say by the monthly payment they buy the mortgage payment and so as interest rates were depressed it kept more is rates low US housing prices rising and then a lot of people were taking advantage of adjustable rate mortgages which were particularly inexpensive and a lot of more interest only where people weren’t even making payments of friends well they just paid the interest and when the interest was extremely low thanks to the Fed people were able to buy much larger houses are much more expensive houses then they would ordinarily be able to afford and so I saw this and I saw the impact that rising real estate prices was having on the economy on consumption on the ability of people to transform their real-estate riches into spendable cash by refinancing and turning their homes into ATM machines and I saw the lending standards going out the window and you know the proliferation of no doc no downpayment mortgages where people could buy houses without any money yeah in fact you’re so certain security circumstances where you can get cashback you can actually buy a house and get money I so it was it was really a crazy time and it was amazing how few people could see what the government was doing.

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