Next Crash Will Be Worse Than The Great Depression, Warns Economist Peter Schiff. He Blames Global Debt, Monetary Policy & US Dollar as Reserve Currency

Peter Schiff, author, economist and CEO of Westport, CT-based Euro Pacific Capital Inc., has warned for many years of a coming massive Great Depression that will savage the US economy and impact the globe.  Some are certainly skeptical of his bold claims, but the well-known American free market advocate sticks to his guns in this telephone interview from the his offices in Puerto Rico. When the next Great Depression comes, he insists, it will happen "very abruptly." This next Great Depression will usher in a period of super high inflation, massive job losses, and a collapse of the US dollar as a reserve currency worldwide. "The US dollar as a reserve currency is a destabilizing force in the global economy," according to Schiff. --- Support this podcast: https://podcasters.spotify.com/pod/show/john-aidan-byrne0/support