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Economist warns coming financial crisis will make 2008 look like 'Sunday school picnic'

On HALO

6 days ago

As gold prices keep rising, American economist Peter Schiff says investors should view the rally as more than a hedge — calling it a warning that inflation is speeding up, the U.S. dollar is losing global trust, and a major economic reckoning may be near."Gold and silver are warning about a bigger crisis that's gonna hit either later this year or maybe next year. We are headed for a U.S. dollar crisis and a sovereign debt crisis," Schiff said Tuesday afternoon on "The Claman Countdown.""Central banks are buying gold to back up their currencies. They're getting rid of dollars. They are getting...

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6 days ago
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