YouTube/PeterSchiff, Released on 7/16/22
Consumer prices reported hotter than expected. Dollar is rising on the greater fool theory. Inflation is not a product of expectations. It's good politics to talk about fighting inflation. It's horrible politics to actually fight it. Investors sheltering in the U.S. dollar abroad are in for a rude awakening.
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He's also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America's Coming Bankruptcy - How to Save Yourself and Your Country.