July 18, 2012

Peter Schiff, author of Real Crash: America’s Coming Bankruptcy, tells Yahoo! Finance’s Breakout show he predicts that a major economic collapse will happen by 2015 that will make the 2008 recession pale in comparison.

He warns hyperinflation may ensue if the government again prints money out of thin air to bail out mortgage lenders and others, and warns against depending on the stability of the dollar: “Anything in dollars, even if you’ve got dollars stuffed in your mattress you’re going to lose because they’re not going to buy you what you expect.”

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