Peter Schiff on the dollar: America's bust is the world's boom

Michael Simmons speaks to American economist Peter Schiff about the surge in gold prices, the weakness of the US dollar and why he believes the next major economic crisis is approaching. Schiff argues that recent dips in precious metals are a buying opportunity, warns that years of low interest rates and money printing have created a 'bubble economy' and explains why he thinks cryptocurrencies are 'speculative mania'. // CHAPTERS 00:00 Introduction 00:46 Is it too late to buy gold? 01:43 How high could gold prices go? 03:28 Schiff’s long-term bet on gold 04:45 The Fed’s “mistakes” and money printing 05:52 Is the crisis worse in America? 07:10 How close is a dollar crisis? 08:06 Does the administration want a weak dollar? 09:32 Is there a floor for the dollar? 11:07 What should governments do? 11:57 Would Russia benefit from a gold surge? 12:45 Why Schiff distrusts crypto investors 14:28 Will Bitcoin recover? 15:50 Should investors switch from Bitcoin to gold? 16:26 Could private money replace the Fed? // SUBSCRIBE TO THE SPECTATOR Get 12 issues for £12, plus a free £20 John Lewis/Waitrose voucher https://www.spectator.co.uk/tvoffer // FREE PODCASTS FROM THE SPECTATOR Hear more from The Spectator's journalists on their podcasts, covering everything from the politics of the UK, US and China, to religion, literature, lifestyle and more. https://www.spectator.co.uk/podcasts/ // FOLLOW US https://www.twitter.com/spectator https://www.facebook.com/OfficialSpectator https://www.linkedin.com/company/the-spectator https://www.instagram.com/spectator1828 https://www.tiktok.com/@thespectatormagazine