When the Bubble Pops, Don’t Get Stuck with Dollars (Video)

Peter Schiff appeared on Fox Business before Thanksgiving last week to share his opinion on the record highs in the stock market and how the US economy is going to eventually unravel.

The vast majority of Americans who don’t own stocks and can’t afford to buy houses – all they’ve got is higher food costs, higher electrical bills, and they can’t get a decent job… When the Fed is ultimately forced to raise interest rates, we’ll have a big drop in the stock market, a big drop in the real estate market. We’ll be back in a severe recession. It’s going to be tough.”

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