This weekend, Peter Schiff spoke with SGT Report about the big picture problems facing the United States and its economy. The discussion focused on the successful free market history of America and how far the country has deviated from the vision of the founding fathers. Towards the end, Peter elaborates on the end of the US dollar as the world’s reserve currency, the role a gold standard could play in fixing the economy, and why there is no longer a need for the Federal Reserve.
“Given the advancement in technology that exists today, a lot of the reasons that we needed a Fed are obsolete today. We really don’t need the Fed, because of the computers and telephone systems and the internet… I think the US economy can function extremely well on a gold standard with no Federal Reserve, and that’s what we should do. That would be ideal.”
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Dump the Fed and Return to Gold Standard (Audio)
This weekend, Peter Schiff spoke with SGT Report about the big picture problems facing the United States and its economy. The discussion focused on the successful free market history of America and how far the country has deviated from the vision of the founding fathers. Towards the end, Peter elaborates on the end of the US dollar as the world’s reserve currency, the role a gold standard could play in fixing the economy, and why there is no longer a need for the Federal Reserve.
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!