Could 2015 See the Real Crash Peter Schiff Predicted? (Audio)
Peter Schiff had a very honest conversation about his predictions in his best-selling book The Real Crash with Wall Street Daily founder Robert Williams.
Williams started the interview by reminding the audience that while Peter is widely acknowledged for accurately predicting the 2008 financial crisis, few people remember what Peter’s bigger prediction is – that the ’08 crisis was just a foreshadowing of the real crash that is yet to come. Could 2015 be the year that crash happens? Peter thinks it might be.
Here are a few highlights from the interview:
If the government allowed the recession, banks would fail. People would default on their debts… But that is more healthy, allowing that natural, free-market restructuring. That process is healthier and more conducive to a return to legitimate growth than what the Fed is doing… But the Fed is going to continue to fight this battle until it loses the war. That means the dollar collapses, and I think that’s ultimately where we’re headed…
“When I wrote ‘Crash Proof’ in 2005 and 2006… I wrote about the coming economic collapse. It wasn’t the one that happened immediately after the book came out. It wasn’t the ’08 financial crisis, even though that was a large part of my book… The first book basically laid out the premise that… in response to [the greatest recession since the great depression], the Fed would make the mistake of trying to stimulate the economy with cheap money… What I said is that action is what is going to bring about the economic crash…”
Listen to the Full Interview Here
Get Peter Schiff’s latest gold market analysis – click here – for a free subscription to his exclusive weekly email updates.
Interested in learning more about physical gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!
Related Posts
Peter recently appeared on Market Overtime with Oliver Renick for an interview. In their wide-ranging discussion, Peter speaks on monetary policy, the reliability of inflation data, and reasons to avoid Bitcoin.
Peter recently appeared on Fox Business to discuss Bitcoin’s recent performance. In this segment, he takes on Natalie Brunell, host of the podcast Coin Stories, in a friendly debate on the merits of crypto and precious metals.New Peter Schiff Interviews: We’re in a Stealth Bull Market for Gold
On Thursday, Peter appeared on OAN’s Real America with Dan Ball to discuss the U.S. Strategic Petroleum Reserve, the costs of home ownership, and the debt crisis. Peter argues the Biden administration won’t be able to refill the reserve, given oil’s 22% price increase this year. With the CRB exploding, Jerome Powell’s claim that inflation is coming […]
Last week, Peter was interviewed on Speak Up with Anthony Scaramucci. In their conversation, they covered a wide range of important topics, including inflation, the fate of the dollar, and the trade-offs between gold and cryptocurrency. 
This weekend, Todd Sachs interviewed Peter on the state of the economy. They discuss the parallels between now and the 2007-2008 housing crisis, the role of economic sentiment in voters’ opinions, and why foreign central banks are losing faith in the dollar.
Why is gold going down and not up?
That’s a very large and very good question. To be fair, your question only applies to United States investors. Outside the US, gold performed better than any other currency. Australians, Canadians, Japanese, Russians, Chinese, Europeans – they all did better holding gold than cash last year. In US dollar terms, gold was basically flat in 2014. Why isn’t it going up right now in US dollars? Peter Schiff argues this is mostly a product of investor perception and false narratives spun by the Federal Reserve.Here’s another good interview where he looks at the big picture and explains his philosophy. Many smart people agree with him. Check out this interview with John Embry. Even Alan Greenspan agrees – check this out.