Peter Schiff Warns Of Impending Crash: ‘Everybody Is Going To Get Wiped Out!’

| |

Top Tier Gear USA


This coming crisis will hit everyone in the wallet. Money manager Peter Schiff, who accurately predicted the 2008 financial crisis, can already see the writing on the wall – and he says everyone is going to get wiped out.

Schiff says that this time, gold will explode and the dollar will be wiped out. USA Watch Dog‘s Greg Hunter interviewed Schiff about the impending financial disaster we are facing. Almost ten years after the 2008 meltdown, Schiff had this to say:

“I predicted a lot more than just the stock market going down back then.  I predicted the financial crisis, but more importantly, I predicted what the government would do as a result of the financial crisis and what the consequences of that would be because that’s where we’re headed.  The real crash I wrote about in my most recent book is still coming. . . . This is the third gigantic bubble that the Fed has inflated, and when this one pops, it’s not going to be ‘the third time is a charm.’  It’s going to be ‘three strikes and you’re out.’  I think this bubble is too big to pop.  I think it’s the mother of all bubbles, and when it bursts, there is not a bigger one that the Fed is going to be able to inflate to mask these problems, meaning we can’t kick the can down the road anymore.” Peter Schiff

Schiff thinks it could get even worse too. It could go beyond just a financial crisis.

“I think the problem we are going to be confronted with is going to be much worse than a financial crisis.  It is going to be a dollar crisis, and it is going to be a sovereign debt crisis where the bonds people are worried about are not some sub-prime mortgages. . . . It’s going to be the U.S. government that people are worried about and the solvency of the U.S. government and the Treasury bonds.  If it’s a dollar crisis and people are worried about the dollar, the only thing worse than owning a dollar today is owning the promise of being paid in dollars in the future.  I don’t think we have the courage to default and admit to our creditors that we don’t have the money and we can’t repay.  I think we will create all the money that we need so we can pretend to repay, but what we end up doing is wiping out the debt with inflation.”

Inversely, Schiff says it is the same with the suppressed gold and silver markets.

“They can’t keep doing it, and it will end.  It’s just like how much debt can we take on.  It’s not an unlimited amount.  We will know when we get there.  How long can they keep the price of gold suppressed?  We will know when we get there.  At some point, the price is going to explode because there is real physical buying, and all that paper selling can’t camouflage that. . . . People don’t trust fiat currencies . . . . More and more people are looking for alternatives, and the real alternative is gold.  When they embrace it, it’s going to overwhelm central banks’ ability to suppress the price.  In the meantime, enjoy the gift that they are giving.”

Schiff also said no one knows when this is going to happen for sure, only that it will happen, and you are better off to be prepared in advance.

“A crisis rarely stops with a triggering event. The aftermath can spiral, having the capacity to cripple our normal ways of life. Because of this, it’s important to have a well-rounded approach to our preparedness efforts,” says Ready Nutrition author Tess Pennington in her book, The Prepper’s Blueprint.

It may be the time we all take a step back and consider the impact the government has had on what Schiff says will be the ultimate destruction of the dollar and prepare as best we can.

Delivered by The Daily Sheeple

We encourage you to share and republish our reports, analyses, breaking news and videos (Click for details).

Contributed by Mac Slavo of

When it hits the fan, don’t say we didn’t warn you. Mac Slavo is the editor of, a resource hub for alternative news, contrarian commentary and strategies that you can take to protect yourself from the coming global paradigm shift.

Wake The Flock Up! Please Share With Sheeple Far & Wide:
  • elbustaroyjetspeekerson

    Ennybuddy else of the mind that this blockchain/Bitcoin/Ethereum/etc. ad nauseum are in actuality ALL the new playthings of the elites……er, apex predators (sorry Phil!)?? They’ve wanted to collapse and permanently trash the dollar for a long time now, no? The possibility is too logical to ignore….

    • It’s hard to say because the technology is documented and can be recreated by anyone but that being said, they point guns at people today to force them to use the dollar and I’d imagine the same technique will be employed for forced crypto-currency acceptance, especially is they manage to disarm the world like they’re trying to do. Cryptos have served me well, though.

  • Roy Hobs

    Well……he would know as he is one of the tribe. However, I don’t think they will announce it once they are finished sucking the US dry and destroying the “posterity”.

    • Barbara

      Google is paying 97$ per hour,with weekly payouts.You can also avail this.
      On tuesday I got a brand new Land Rover Range Rover from having earned $11752 this last four weeks..with-out any doubt it’s the most-comfortable job I have ever done .. It Sounds unbelievable but you wont forgive yourself if you don’t check it
      ➽➽;➽➽ http://GoogleNewZoomNetJobsOpportunity/simple/work ★✫★★✫★✫★★✫★✫★★✫★✫★★✫★✫★★✫★✫★★✫★✫★★✫★✫★★✫★✫★★✫★✫★★✫★✫:::::fz285lhhhh

  • newsens

    Pure rubbish.

  • grammyprepper

    My employer has ‘rewarded’ those who have chosen to have their pay delivered to a debit card or direct deposited by ‘getting access to your pay a day early’. Those of us Luddites who prefer to get a paper paycheck which we can physically cash, are ‘penalized’ by our checks being mailed to our homes on an unpredictable delivery date. If it’s not in my hands, I don’t trust it.