Wake Up Call: Bank Bailouts and the Looming Threat to the Dollar - Peter Schiff Amid the wide-reaching crisis that has already crashed several large banks and put more at risk, the CEO of Euro Pacific Asset Management, Peter Schiff, talks about the bank bailout and the March Federal Reserve meeting. According to Peter Schiff, the bailout will have a negative impact on everyone as it will ultimately lead to a devaluation of the dollar, causing inflation to skyrocket. Meanwhile, Jerome Powell, during a press conference after the March FOMC meeting, claimed that the banking system is "sound and resilient." However, Schiff disagrees, stating that the system is not as sound as it may seem. With inflation devaluing people's money, they will likely want to withdraw it from banks since the interest rates won't be high enough to compensate for the loss. According to Peter Schiff “The dollar is being debased in order to fund the bank bailouts.” As per Schiff, the gov
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