Courtesy of Mish.
Peter Schiff was on Capital Account with Lauren Lyster on Tuesday. For that show, he was asked, and he agreed to debate me on hyperinflation. Thus, I semi-expected to be on the show as well.
I even received email confirmation from Demetri, the Capital Account producer last Sunday.
The headline of the email was “Peter Schiff is Good“.
The body of the email was “I let Schiff’s people know that you were the guy he will be debating and they were cool with it so we are definitely on for next Tuesday at 12:30pm your time.“
Minus Mish (which I will gladly explain below), here is the Schiff interview with Lauren Lyster.
Lauren challenged Schiff with “Whatever happened to hyperinflation?”
I heard an amusing response from Schiff as follows “I still say that hyperinflation is a worst case scenario. I never say we are going to have it for sure.”
Really Peter? Really? Never?
Here is a partial transcript of a Schiff Audio On US Hyperinflation
The whole idea is to get out of the US Dollar. It is on the verge of collapse. The people who don’t get out of the US dollar are going to be completely broke and that is obvious. Look at what Ben Bernanke did. Interest rates are zero. Money is free.
Bernanke is going to run up printing presses as fast as he can. This is pure inflation Latin American style. This is hyperinflation; this is Zimbabwe; this is the identical monetary policy of the Weimar Republic….