Peter Schiff

With with Greenland, I mean, basically threatening an ally that, hey, you know, if we can't make a deal on our terms to buy Greenland, we're going to invade.

We're going to send the U.S.

military in there because nobody can stop us because we have this powerful military and we can do whatever we want.

I think that sent a very, very bad message.

to the rest of the world.

Even though Trump ultimately backed down from that, he contemplated it in public.

He actually talked about using our military to annex Greenland.

And the world is now pulling the rug out from under the U.S.

The dollar is going to collapse.

The dollar is going to be replaced by gold.

Central banks are buying gold to back up their currencies.

They're getting rid of dollars.

They're getting rid of treasuries.

We are headed for a economic crisis, again, that will make the 2008 financial crisis look like a Sunday school picnic.

The biggest difference between the crisis that we're about to have and the one we had back then is this one is all in America.

It's not going to be exported to the rest of the world.

It's not a global financial crisis.

It's an American financial crisis.

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