America Is a Time Bomb: Next Dollar Crash Will Be the Last (Video)

In his latest appearance on InfoWars with Alex Jones, Peter Schiff discussed the Friday jobs report numbers. Peter explains why he thinks the United States could be facing an official recession if third quarter GDP growth turns out to be negative. Peter and Alex also discussed how the world is losing its confidence in American stability and its paper money.

The next time the dollar goes down, it’s not going to have any friends. No one is going to be buying it. Nobody is going to fight that currency war again. America is going to lose that war. And anybody that owns the US dollar is going to lose that war…”

Click here to watch Peter’s complete analysis of Friday’s economic data in his latest Schiff Report.

Highlights from the interview:

“I think a lot more data is going to come out before the general public can accept that I’m right. Or maybe not the general public – the so-called experts on the economy. The very experts that basically said there was about a 90% chance the Fed was going to raise rates by December. Now I was saying that the chance was closer to zero. Now that we go today’s horrible jobs report… Now those experts are changing their forecasts. They’re saying, ‘Now that we got this new information, maybe the Fed is going to wait until March.’ I didn’t need to see this jobs data to know the Fed is not going to raise rates, because they will prick their own bubble…

“They’re not smart enough to do this on purpose. If the government was trying to wreck the economy, it’d be booming. These politicians just want to get elected. Wall Street is concerned about stimulating stock prices. They don’t care… Even Carl Icahn came out with this video recently, ‘Danger Ahead’. When you got mainstream billionaires starting to figure it out, it’s getting near the end of the game. Except he thought the Fed had been giving the economy medicine, and he was worried what would happen when the medicine went away, the zero-percent rates. He’s got the metaphor wrong. It’s not medicine, because medicine implies that it’s helping. It’s monetary heroin. It’s a steroid. It’s a painkiller. Whatever the Fed has been giving us, it’s been making the economy sicker…

“If [GDP] is negative in the third quarter, I bet we’re also negative in the fourth quarter, because the fourth quarter tends to be pretty weak. They’ve been very weak in the last seven years… We’ll have two negative quarters back-to-back. There’s your recession… Now the Fed has to react to that recession. Rates will still be at zero, so they can’t cut them. What do they do? QE4… I think there is a great opportunity for your listeners to get out of dollars…

“I think [the dollar] is going to go down for the count. Remember, it’s risen based on the expectations of all these rate hikes. These rate hikes aren’t coming. The dollar has risen, because everybody thinks the Fed has finished printing money. They’ve got a lot more printing yet to come. This is an opportunity before people wake up for people to open up accounts with me or other people that can do foreign investing…

“The next time the dollar goes down, it’s not going to have any friends. No one is going to be buying it. Nobody is going to fight that currency war again. America is going to lose that war. And anybody that owns the US dollar is going to lose that war…”

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