Will the too big to fail banks fail again?

At the height of the economic collapse, Americans were bombarded with propaganda from government officials, Wall Street executives and other corporatist shills that the nation’s financial institutions were too big to fail and needed to be bailed out with taxpayer money.

Peter Schiff, president of Euro Pacific Capital, believes it will all happen again. In an interview with CNBC, Schiff noted that in the long-term the stock market will rise because the United States dollar will continue to be devalued and how officials are underestimating the increase in interest rates, which will be a huge calamity for everyone, especially for the government.

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