Giovanni Russo Economist Peter Schiff wants people to get rid of their U.S. Dollars right away because more and more countries are becoming less dependent on the U.S Dollar and its value. He believes that if you do this, it would help you prevent any financial loss in the future since the Dollar’s status as a reserve currency is uncertain now. He says that getting rid of Dollars and dollar-related assets might be a good choice for personal protection.
“Peter Schiff Warns
Peter Schiff, an expert on gold and economics, is telling people that have United States Dollars to get rid of them before it’s too late. He says: “Hurry up! Read the writing on the wall before other people figure it out.”
Recently, countries like Saudi Arabia, the ASEAN Nations, and Turkey have been trying to move away from relying on the United States Dollar. This news made someone named Schiff tweet about it.
The value of U.S. dollars and the life that we depend on it for may be in danger. Therefore, the smartest decision you can make to protect yourself from this issue is to get rid of your money and any other financial assets tied to dollars.
The economist warned us that the U.S. economy is in danger and soon money won’t be worth as much. In a tweet, he said that this could be a really big problem – even bigger than the last financial crisis we had not too long ago. On Thursday he tweeted again about the same issue and said it’s going to get worse if something isn’t done soon.
Pretty soon everyone in the United States will be really rich with lots of money, but don’t get too excited. Even things like chewing gum will cost over $1,000 for just one pack, and taxes will go up so much that even middle-class people will have to pay a lot more than normal.
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