Peter explains to some British CNBC hosts the reality of a dollar crisis.
“[The U.S.] economy is inherently more unstable. We depend on the charity of the rest of the world…the world has to keep lending us money despite the fact there is no way we can pay it back with legitimate money. We either have to default or we have to inflate. The real fiscal cliff is going to come when we run out of credit and we do face that crisis…Inflation is the number one concern of the average American…Inflation is already much higher than any reasonable central bank would tolerate…Buy gold, buy silver, buy something a central banker can’t create out of thin air!”