Mike Adams interviews financial expert Peter Schiff: The falling dollar, cryptocurrencies and why gold will skyrocket

Tuesday, April 24, 2018
By Paul Martin

by: JD Heyes
Monday, April 23, 2018

Mike Adams, the Health Ranger, launched his new “Counterthink” program on the Infowars network this week with an interview featuring financial expert Peter Schiff, who gave his analysis of what’s currently happening in the stock market, where the dollar is headed, what’s in store for Bitcoin and what’s in store for American investors in the months ahead.

Schiff, founder of SchiffGold.com, said that currently, he believes Wall Street is experiencing a bit of a bear market he believes is liable to expand as the U.S. dollar — at its lowest in three decades — continues its slide, reflecting in higher oil, silver and gold prices.

Asked what he would tell someone who is just now waking up to the reality that much of what passes for conventional wisdom in the financial sector is based on faulty assumptions and fake news, Schiff said, “the good news is, they can still get out.”

“The markets are still close to their highs, and even though the dollar fell a lot in January, it fell from a very high level,” he said. “It’s still way over-valued. So you have time to get out of those assets, which would include stocks and bonds and get out of the dollar into a better portfolio of foreign stocks — not just indiscriminately but companies in the right countries with the right currencies and get some exposure to commodities, get some exposure to precious metals.”

Schiff — who predicted the Great Recession of 2007-2009 — added that the dollar will probably continue to fall, while commodities like gold and silver will continue to climb. In fact, he sees gold rising on “$100 days in a ‘Katie, bar the door’ situation.” (Related: Huckabee Sanders: ‘Laughable’ to hear Obama take credit for Trump’s economy (Video).)

In mentioning Chinese stock market scams, Adams mentioned that overseas investing is pretty scary for a lot of Americans, simply because they’re not as familiar with foreign markets. So he asked Schiff how they could feel more certain about trading on overseas markets.

“All investing is risky,” he said. “It’s just a question of which risks you want to accept and which risks you want to avoid.”

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