Peter Schiff, famous economist and financial market analyst: The world is now pulling the rug from under the feet of the United States. The dollar will collapse. Gold will replace the dollar. Central banks buy gold to provide reserves for their currencies. They are getting rid of their dollars. They also sell US Treasuries. We are once again headed for an economic crisis that will make the financial crisis of 2008 look like a carefree trip.

Peter Schiff, famous economist and financial market analyst: The world is now pulling the rug from under the feet of the United States. The dollar will collapse. Gold will replace the dollar. Central banks buy gold to provide reserves for their currencies. They are getting rid of their dollars. They also sell US Treasuries. We are once again headed for an economic crisis that will make the financial crisis of 2008 look like a carefree trip.