With the new figures from the Federal Register which shows that in 2014 a record number of US residents renounced their citizenship to escape the United States of America, with more people renouncing citizenship in the last 6 years, in fact over double the amount than in the 11 years beforehand combined, Peter Schiff explains below that this mass exodus is not necessary, citizenship is not what should be renounced.... the US Dollar is.
Grab your calculator and do the math, approximately 5,200 people renounced citizenship from 1998 to the year 2008, but under the Obama administration that number, in just the last six years, is over 11,400.
In the video below, Schiff speaks from his condo in Puerto Rico, where he recently relocated one of his businesses to in order to reduce its tax burden, and explains the reason for this mass exodus, before informing us that to avoid the inflation taxes that are imminent, one doesn't have to renounce their citizenship, they can and should renounce the US Dollar which has been weakened by massive printings with nothing to back it up.
Schiff describes the way to protect the purchasing power of your savings by owning assets the Federal Reserve cannot destroy as they have the Dollar..... precious metals.
Schiff is not the only one issuing these dire warnings about the need to protect yourself, we have heard from Mannarino on the stock market, Dr. Jim Willie telling us that something big is coming (2nd and 3rd videos), just to name a couple of the most recent experts that have been watching the US and global economy, warning us we are on the verge of an implosion.