Peter Schiff discusses how the swamp is winning the war and how it is slowly, but surely dragging down the Trump administration. Will they win the day, or will liberty finally come out on top? The eternal struggle continues on.
Peter Schiff talks economy, Trump, and stock market bubbles at the New Orleans Investment Conference. He explains what he believes to be the best strategy to protect yourself in the coming stock market crash. This bubble is red hot and waiting to blow. - Video Source, Peter Schiff
How long can the U.S. economy be propped up with ever expanding debt? Money manager Peter Schiff says, “How high can the debt go? I don’t know and you don’t know. How many straws can you put on a camel’s back? You don’t know until you put that final straw that’s one too many and you break his back. So, can we go to $25 trillion in debt? Maybe. At some point, we are going to break the back of the camel with all this debt. Then we are going to find out how much debt we can pile on, and it’s not going to be pretty. Everybody is going to lose. Everybody is going to get wiped out who has been partying in the stock market, the bond market and the real estate market. The dollar is going to tank, and purchasing power is going to get wiped out.”
Inversely, Schiff says it is the same with the suppressed gold and silver markets. Schiff contends, “They can’t keep doing it, and it will end. It’s just like how much debt can we take on. It’s not an unlimited amount. We will know when we get there. How long can they keep the price of gold suppressed? We will know when we get there. At some point, the price is going to explode because there is real physical buying, and all that paper selling can’t camouflage that.
People don’t trust fiat currencies. More and more people are looking for alternatives, and the real alternative is gold. When they embrace it, it’s going to overwhelm central banks’ ability to suppress the price. In the meantime, enjoy the gift that they are giving.”
The Trump tax plan is surrounded in mystery and many are wondering what it actually consist of. What are the good, the bad and the ugly? Peter Schiff discusses this and much more.
Peter Schiff breaks down the risk of big government and how it can quickly grow out of control. Government will eventually bring an economy to its knees, especially if it runs a deficit, as most in the West are doing so now. The more you borrow, the faster you fall behind.