Your Money is Going to Retire before You (Video)

Yesterday, Peter Schiff appeared on Fox Business to talk about what the future holds for American retirees with fixed incomes or savings denominated in US dollars.

“Healthcare costs, food, energy. Everything is getting more expensive. And even if you have these depreciating dollars, what kind of yields can you have? You can’t even get 1% from your money in the bank…What you can do is recognize the dollar is going to go down dramatically…Your money is going to retire before you do. So what you need to do is get out of dollars.”