🔁Mario Nawfal:
🇺🇸 69 𝕏 MINUTES | PETER SCHIFF: “THE U.S. ECONOMY IS A BUBBLE BUILT ON GLOBAL CHARITY — AND THE CLOCK JUST RAN OUT”
Peter Schiff, who called the 2008 crash, says this next one will be worse — a full-blown inflationary depression, not just a recession.
His thesis? The U.S. has been faking prosperity since 2008, living off printed money, foreign credit, and the illusion that deficits don’t matter.
Schiff:
"We are heading into an economic collapse the likes of which no living American has ever seen.
U.S. stocks and bonds are going way down — foreigners are done propping us up.
Crypto? It’s not digital gold. It’s digital risk.
We sold off our cows to buy milk — and now we want to slap tariffs on milk with no cows left to produce it ourselves.
Trump’s being told he’s holding a royal flush. He’s not. He’s drawn dead to an inside straight — and China’s got the nut.
They have the factories, the infrastructure, the supply chain, the savings. We’ve got nothing.”
Source: @PeterSchiff, @Justin_Hart
https://x.com/MarioNawfal/... https://x.com/MarioNawfal/...
🇺🇸 69 𝕏 MINUTES | PETER SCHIFF: “THE U.S. ECONOMY IS A BUBBLE BUILT ON GLOBAL CHARITY — AND THE CLOCK JUST RAN OUT”
Peter Schiff, who called the 2008 crash, says this next one will be worse — a full-blown inflationary depression, not just a recession.
His thesis? The U.S. has been faking prosperity since 2008, living off printed money, foreign credit, and the illusion that deficits don’t matter.
Schiff:
"We are heading into an economic collapse the likes of which no living American has ever seen.
U.S. stocks and bonds are going way down — foreigners are done propping us up.
Crypto? It’s not digital gold. It’s digital risk.
We sold off our cows to buy milk — and now we want to slap tariffs on milk with no cows left to produce it ourselves.
Trump’s being told he’s holding a royal flush. He’s not. He’s drawn dead to an inside straight — and China’s got the nut.
They have the factories, the infrastructure, the supply chain, the savings. We’ve got nothing.”
Source: @PeterSchiff, @Justin_Hart
https://x.com/MarioNawfal/... https://x.com/MarioNawfal/...
3 days ago
