US Dollar has Started to Tank ~ Peter Schiff … (Death of the Dollar–26) with Video by majes.tytyty

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hive-175254 · @majes.tytyty · May 26 '20

$10.18

US Dollar has Started to Tank ~ Peter Schiff … (Death of the Dollar–26) with Video

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<br><h5>We can no longer kick the can down the road.</h5>	
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Peter Schiff, on USA Watchdog – <a href="https://www.youtube.com/watch?time_continue=1&v=jg24UshdKEk&feature=emb_logo"><i><b>"US Dollar has Started to Tank"</b></i>  </a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sub><br>(Right-click title to watch on YouTube) </sub>  
<p></p>
&nbsp;&nbsp;&nbsp;<a href="https://twitter.com/peterschiff"><i><sub><sub>(Image source)</sub></sub></i> </a> <p></p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;


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https://cdn.steemitimages.com/DQmUvL82cXWXmEfi2rcyoNQtmwxtBWxeVZdkA4N1oGkuJEx/image.png 
<h2>– Flash Points –</h2>
<p>1 – The massive amounts of QE money-printing should concern everyone. <br>
2 – QE has given many people a false sense of complacency. <br>
3 – We kicked the can down the road, but have now caught up to the can. <br>
4 – The dollar has started to tank, and it will continue to plummet. <br>
https://cdn.steemitimages.com/DQmUvL82cXWXmEfi2rcyoNQtmwxtBWxeVZdkA4N1oGkuJEx/image.png 
<h1>– Synopsis –</h1>
<p>In a recent appearance on Greg Hunter’s show <em>“USA Watchdog,”</em>&nbsp; Peter Schiff proclaimed that everyone should be more worried than they were in 2009 and 2010, when the Federal Reserve started its <em>“quantitative easing”</em>&nbsp; (QE) money-printing programs.&nbsp;</p>
<h2><strong>Can Can No Longer be Kicked</strong>&nbsp;</h2>
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According to Schiff, the Fed’s 3 previous QE programs have lulled many people into <em>“a false sense of complacency.”</em>&nbsp; Those programs have not (yet) resulted in hyperinflation or in a loss of confidence in the US dollar. Since there have been no negative consequences, and since we got away with it the last 3 times by kicking the can further and further down the road, people believe that we can get away with it again. &nbsp;&nbsp;&nbsp;<a href="https://www.sott.net/article/316789-Video-Chinas-new-gold-backed-yuan-911-and-the-death-of-the-US-dollar"><i><sub><sub>(Image source)</sub></sub></i> </a>  </p>
<p>But now that the corona virus pandemic has burst the most recent bubble, we will soon feel the effects of not only the current QE-4, but also the cumulative effects of the previous QE programs. 
<p>Now that the Fed is going <em>“all in,”</em>&nbsp; said Schiff, we <em>“have caught up to the can.”</em>&nbsp; Moreover, we can be certain that the dollar <em>“is going to tank.”</em>&nbsp; That tanking dollar will lead to huge increases in consumer prices and interest rates – not to mention inflation and probably even hyper-inflation. &nbsp;</p>
<h2><strong>Deeper and Greater</strong>&nbsp;</h2>
<p>Since the situation has become so horrible, and since our predicament has become so dire, Schiff believes that we will soon be in the midst of a <em>“deeper economic contraction”</em>&nbsp; – one that will be much worse than the Great Depression of the 1930s. During that downturn, prices dropped. This time, we will not be so lucky.&nbsp;</p>
<h2><strong>Economic Deathbed</strong>&nbsp;</h2>
 <div class="pull-right">https://cdn.steemitimages.com/DQmc6R87bjvKM62SLk4bqoH5DED4hdZQK36Pn34VVFf1Gq4/image.png</div> 
<p>The CV pandemic did not cause the current collapse. The pandemic was simply the trigger and the catalyst – the pin that finally pricked the massive bubble. Even before the pandemic hit, the economy was doomed. Contrary to the frequent assertions by Prezint Drumpf that the US economy was doing well, it has actually been on the brink of collapse for years. &nbsp;&nbsp;&nbsp;<a href="https://www.zerohedge.com/markets/schiff-were-precipice-much-larger-crisis"><i><sub><sub>(Image source)</sub></sub></i> </a>
<p>The only way the economy survived was through QE and the quixotically low interest rates. It is now on its deathbed. It will not survive much longer. The hapless policies of our clueless leaders will <em>“end in disaster.”</em> 

https://cdn.steemitimages.com/DQmUvL82cXWXmEfi2rcyoNQtmwxtBWxeVZdkA4N1oGkuJEx/image.png 
<h1>– Insight from Outside –</h1>
<p>Today, we are in a situation that is much worse than when the Fed started its fast and furious <em>“quantitative easing”</em>&nbsp; (QE) money-printing programs.&nbsp;</p>
<h2><strong>All is Not Well</strong></h2>
<p>After the Fed started printing tons of money following the 2008 crash, Schiff and many other observers became quite concerned about the harmful effects the monetization would have. &nbsp;&nbsp;&nbsp;</p>
<div class="pull-right">https://images.hive.blog/DQmZgFhL55UDpQxZ85KMKtkab1HHRLBswFsqgV8inJsxepB/image.png</div>
<p>The printing did not stop, nor did the harm. Strangely, however, the concerns and worries about the ramifications did stop. Even though the money-printing continued, even though it went out of control, and even though it reached unsustainable levels, many people nowadays seem to believe that all is well and that all will continue to be well.&nbsp;</p>
<h2><strong>Extend and Pretend</strong>&nbsp;</h2>
<p>The powers-that-be essentially followed a policy of <em>“extend and pretend.”</em>&nbsp; In other words, just continue with their futile, destructive policies, and hope against all hope that things might somehow turn out well. Even though there was no chance in hell that the situation would improve. &nbsp;&nbsp;</p>
<h2><strong>Empire Doomed to Collapse</strong> &nbsp;</h2>
<p>That insanity has continued for over 10 years now. Things have not improved, nor have they turned out well. &nbsp;The economy has been on life-support for years. Drumpf’s declarations about the US having <em>“the strongest economy in the history of the universe”</em>&nbsp; are nonsense. &nbsp;&nbsp;&nbsp;</p>
<p>As Egon von Greyerz once said, money-printing signifies <em>“the last stage of an empire before it collapses.”</em>&nbsp; The US economy was doomed, and now it is doomed to collapse.   &nbsp;&nbsp;&nbsp;<a href="https://www.zerohedge.com/markets/great-dollar-shortage"><i><sub><sub>(Image source)</sub></sub></i> </a>    <sub><sub></sub>    

https://cdn.steemitimages.com/DQmUvL82cXWXmEfi2rcyoNQtmwxtBWxeVZdkA4N1oGkuJEx/image.png 
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https://cdn.steemitimages.com/DQmUvL82cXWXmEfi2rcyoNQtmwxtBWxeVZdkA4N1oGkuJEx/image.png 

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👍 project.hope, znnuksfe, steembasicincome, alexis555, majes.tytyty, sbi2, sbi3, sbi4, sbi5, exyle, mauromar, gandhibaba, xxxxxxxxxx, freeforever, sbi6, steemitcentral, nateaguila, gerber, sbi7, created, belemo, livingfree, someguy123, nealmcspadden, jim888, huaren.news, tristancarax, thelord.oflords, jagged, accelerator, pladozero, juanmolina, team, emrebeyler, daan, gamer00, digital.mine, dlike, jirkamarek, cranium, steem.leo, freddio, khasa, yashny, guruvaj, awah, oadissin, asteroids, bestboom, afrinsultana, kimzwarch, akdx, sbi8, cooperfelix, reazuliqbal, leo.voter, fusion.lover, hanggggbeeee, dses, adityajainxds, fitinfun, pagliozzo, mice-k, maxuvd, and 88 others
👎 dein-problem

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@awah · May 26 '20

$0.34

This is a really interesting post and I really do feel we are entering a very unsettling period as the Western world needs to pay back the bill.   After the second world war many countries built themselves out of the debt as they built and grew new economies.  The only way I can see that the US (and other countries with too much debt) can get out of this situation is through the same type of build mentality. 

There is a difference.  After the second world war, the world was full of optimism.  Technological advances could be used for the betterhood of man rather than just building war machines.  With an optimistic can-do attitude people go behind the dream of building a better future.  I feel though this time around the world is full of pessimism and it is not going to be nearly so easy.

👍 majes.tytyty

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@majes.tytyty · May 27 '20

Excellent point. In 1945, the US and many other countries were still growing. Today, they are, in a sense, fully developed countries, meaning that they have little room for growth. That has become obvious to many people, and that has made them pessimistic – and rightfully so.

Consequently, any crash will be devastating.

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@belemo · May 26 '20

$0.35

These are really worrying times for the entire world. I keep wondering what the world will look like after this pandemic subsides. Perhaps as Schiff said, the collapse was inevitable, but at least prior, it wasn't on a crash course.

Peter Schiff is also anti-bitcoin, so what's up with that?

👍 majes.tytyty

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@majes.tytyty · May 26 '20

I believe that the economy was on a crash course even before the pandemic hit. Things were not looking so good. The Fed has been pumping more and more money into the financial system for over a decade, and last fall, it had to increase the pumping to billions of dollars/ month into the repo market. And that was all before the pandemic hit.

As for Schiff, I don't agree at all with his politics, nor can I understand his absolute fear and loathing of bitcoin. 

Still, he often has many relevant comments to make re the current trajectory of the economy. He called the 2008 crisis a few years before it happened, and he'll be proven right this coming time also. And his view on the "real money" of gold and silver is indisputable.

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@belemo · May 26 '20

$0.33

He talks about Bitcoin more than anything else on Twitter. Honestly, it is crazy how a lot of people have predicted this collapse for a long time but were ignored. What do you reckon is the end game?

👍 majes.tytyty

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1 reply

@cranium · May 26 '20

$0.34

People are made rich, but their wealth will not be worth absolutely nothing.

👍 majes.tytyty

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@majes.tytyty · May 26 '20

Indeed, many people who have become rich over the past decade or so will find themselves with a whole lot of paper that is worth nothing.

👍 cranium

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cranium	0 B		45,282,463,506	20%

@cranium · May 28 '20

$0.36

:)

![Жадность.gif](https://files.peakd.com/file/peakd-hive/cranium/B2BhOWCG-D096D0B0D0B4D0BDD0BED181D182D18C.gif)

👍 majes.tytyty

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1 reply

@gandhibaba · May 27 '20

$0.35

Wow. Your use of language is very thrilling. I particularly love the pun, *Can can no longer be kicked* and it kinda remind me of kicking cans when I was a kid. Sure, I ran into several moments when, as you rightly say, can can no longer be kicked. And I fear that the dollar is now headed in that direction with the money printing spree. 

Thanks for penning this delicious article. Cheers!

👍 majes.tytyty

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@majes.tytyty · May 29 '20 (edited)

Thanks for the praise. I'm very glad that you "can" appreciate it.  It took just a bit of work with my favorite materials (words, language), and this is what I ended up with. I know that you can do the same.

As for that heading, it went thru a few iterations before I ended up with this. First I had "The can cannot ..." then had "Can the can be ...." then "Can cannot...." 

Finally, I tweaked it to come up with this "can-can" version, which I'm sure you'll agree is the best.

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@gandhibaba · May 31 '20

$0.34

> Finally, I tweaked it to come up with this "can-can" version, which I'm sure you'll agree is the best.

It is certainly the best, permit me to say. You did a great job. I seem to have a weird fascination for good use of language. Perhaps, it is why I spot the exceptional if and when I see it. Thanks for taking me through each stage of the baking process. You baked delicious words.

👍 majes.tytyty

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@hivebuzz · May 26 '20

$0.18

Congratulations @majes.tytyty! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@majes.tytyty/upvotes.png?202005262134"></td><td>You distributed more than 66000 upvotes. Your next target is to reach 67000 upvotes.</td></tr>
</table>

<sub>_You can view [your badges on your board](https://hivebuzz.me/@majes.tytyty) And compare to others on the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



**Do not miss the last post from @hivebuzz:**
<table><tr><td><a href="/hivebuzz/@hivebuzz/shop"><img src="https://images.hive.blog/64x128/https://i.imgur.com/soiD80C.png"></a></td><td><a href="/hivebuzz/@hivebuzz/shop">Introducing HiveBuzz Shop - Offer gifts with your favorite badges</a></td></tr></table>

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