Peter Schiff: To restore the real economy, the 'false economy' must collapse

According to Jinse Finance, economist Peter Schiff warns that in order to restore the real economy, the “false economy” must collapse, which will cause significant economic losses to many people. However, he emphasized that the alternative is worse, as it would lead to currency depreciation. Schiff criticized the policies of governments and the Federal Reserve, particularly after the 2008 financial crisis, and warned that the debt-driven economic bubble today is even larger than ever before.