by Greg Hunter USA Watchdog
Recently by Peter Schiff: It’s Going To Hit the Fan
Money manager Peter Schiff predicts, u201CWe are headed for a monetary crisis, a dollar crisis. . . . Money supplies are going to explode, and gold supplies are going to be constricted.u201D According to Schiff, that means only one thing, u201CThe price of gold has one way to go in the long term, and that is up.u201D Schiff says the reason why it hasn't ignited is because, u201CPeople are buying into this myth the economy is recovering. . . . We're facing a worse crisis than ever.u201D Schiff thinks the real reason why the federal government is suing the S&P rating agency is because it downgraded U.S. Treasuries last year. Schiff says, u201CThe reason why they're being sued is not only because of what they did but to send a message to the other ratings agencies that you better not downgrade U.S. Treasuries.u201D Schiff predicts, u201CPeople who own Treasuries are going to lose a lot of money.u201D Join Greg Hunter as he goes One-on-One with Peter Schiff of Euro Pacific Precious Metals.