Peter Schiff appeared on NTD News to talk about the bank bailout and the March Federal Reserve meeting.
During the conversation, Peter explained that everybody is going to pay for these bailouts because they will ultimately devalue the dollar as inflation skyrockets.
During his press conference after the March FOMC meeting, Jerome Powell said the banking system is "Sound and resilient." Peter said it's not sound at all.
Peter explained how the banking system became so unsound.
In the wake of the failures of SVB and Signature Bank, Peter said it was the beginning of the next financial crisis.
Peter said the big event that banks can't handle is a major economic downturn coupled with a rise in inflation.
"The dollar is being debased in order to fund the bank bailouts."
https://schiffgold.com/interviews/peter-schiff-bank-bailouts-will-devalue-the-dollar/
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