get rid of dollars immediately from the mouth of the famous economist peter schiff, the call sounds aange, given that schiff is american, but he insists that the time when american money ruled the world is running out, nothing lasts forever. everything when it passes the only thing that is amazing with the status of the dollar as the main reserve currency is that this status is still preserved even in spite of everything that we have done. we have not yet lost this privilege to the current financial crisis, which is just beginning to eventually deal a mortal blow to the dollar, the united states fell into its own trap, increasing the influence of dollars in the world, turning it into a practically pressure mechanism to remember, even if sanctions against russia america is just forced other countries to reconsider their attitude towards their currency. we have crossed all boundaries a strong dollar has given us the opportunity to influence other economies. he allowed us to intervene in foreign markets through sanctions. he gave us a license to build warriors that didn't have to start.

get rid of dollars immediately from from the lips of the famous economist peter schiff, the call soundstle strange, given that schiff is american, but the time when american money ruled the world is ending, nothing lasts forever. all when it passes the only thing that is amazing about the status of the dollar as the main reserve currency is that until now this status is still maintained and even in spite of all that we have done. we have not yet lost this privilege to the current financial crisis, which is just beginning. in the end , the dollar will deal the death blow, united states fell into their own trap, increasing the influence of dollars in the world. by turning it into a practical mechanism to remember, at least the sanctions against russia on other economies. he allowed us to intervene in overseas markets. in the past almost 30 years - this is the minimum sign for washington's future asked the ministry of industry and trade. allocate subsidies by a domestic bank to a russian manufacturer and other participants in the payment market in order to replace terminals with imports. t

joining me now as peter schiff, chief economist and global strategist. ou been ahead of the curve on this stuff for so long now. what is ahead for us if we keep going down the biden road beyond 2024 for another and i can't believe i'm saying it, for ye years. >> it doesn't look good and i couldn't help but laugh as you are playing these clips talking about the president's accomplishments in office. he hasn't accomplished anything other than running up the debt, weakening the economy and strengthening inflation. the worst part about the weak gdp numbers that came out today was that the inflation numbers that are part of the gdp in q1 of this year, inflation actually strengthened over the fourth quarter of last year. so not only is the economy weakening but inflation is strengthening. you have the worst of both worlds. it's going to get worse. >> laura: paul krugman over at "the new york times," he's writing that the economy is in better shape than i suspect most pundits and well-informed readers are realizing the america experience a fast job market recove

veselovsky listened to the opinion get rid of dollars immediately from the lips of the famous economist peter schiff, the call sounds a little strange, given that schiff is american, but he insists that the time when american money ruled the world ends, nothing lasts forever. everything when it passes the only thing that is amazing about the status of the dollar as the main reserve currency is that until now this status is still maintained and even in spite of all that we have done. we haven't lost yet this privilege for the current financial crisis, which is just beginning. as a result , the dollar will deal a fatal blow, the united states fell into its own trap, increasing the influence of the dollar in the world. having turned it into a practical mechanism of pressure to remember, at least the sanctions against russia, america simply forced other countries to reconsider their attitudes towards their evolute. we have crossed all boundaries a strong dollar has given us the opportunity to influence other economies. he allowed us to intervene in overseas markets through sanctions he issued we license

peter schiff. a little strange, given that the chiff is american, but the time when american money ruled the world insists nothing lasts forever. all when it passes. the only thing that is surprising with the status, 40 is the main reserve currency. it is that until now this status is still preserved and even despite everything that we have done. we haven't lost that privilege yet for the current financial the crisis, which is just beginning, will eventually deal a mortal blow to the dollar, the united states has fallen into its own. the trap of sanctions against russia america simply forced other countries to reconsider their attitude towards their currency. we have crossed all boundaries a strong dollar has given us the opportunity to influence other economies. he allowed us to intervene in foreign markets through sanctions. he gave us a license to start wars that didn't have to start. and that's it. this went on for decades. so can't take anymore continue. the first dollar bell rang back in 2011

buffett does not like gold, he says it just sits there, and of course, peter schiff says, no, go into gold. it's great to have you both, thank you so very much. >>> first republic vaporizing its dividend on preferred shares as more weakness continues to materialize in the banking sector. in his first interview since the latest dividend suspension, nouriel roubini, aka dr. doom, joins me next to talk about the unfolding banking drama and and why he thinks we're, quote, sleep walking into a recession. but despite e his well known nickname, dr. doom says the minute he sees a market bottom, he's going to become dr. boom. the signals he's on the lookout for, straight ahead. we've got the closing bell ringing in 49 minutes. dow jones industrials gaining about 44 points. let's see if it can hold. "claman countdown" is back in the a minute on this monday. ♪ ♪ liz: a ah, beware the late friday filings. okay, that's often when companies reveal moves they'd rather you miss. late friday embattled regional bank first republic said in a regulatory filing it would suspend the quarterly dividend on i