Monthly Archives: May 2013

Peter Schiff appeared on the first episode of RT America’s Prime Interest to speak about impossibility of the Fed safely ending QE and restoring interest rates to normal levels. He also expands on inflation in Japan and the waning role of the dollar as the world’s reserve currency.

“The dollar is going to lose [it’s reserve] status. What’s going to replace it, I don’t know… I think that gold will be a more important reserve asset in the future than fiat currencies… Gold is going from the West to the East, from the debtors to the creditors… I think the only way to really restore confidence in the greenback is going to be to back it by gold.”

Peter’s segment runs from 2:25 to 14:25 below.

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