In a recent interview, Peter Schiff said there is an imminent collapse of the global Ponzi-scheme of the Federal Reserve and the US Dollar; "because of a huge debt bomb that’s going to explode.” Schiff posits the interest on the federal debt alone “will be about a trillion by the end of 2023. And by the end of next year [it will reach] two trillion dollars—and that’s if interest rates don’t go up. Ultra-high corporate and credit card debt, along with bank insolvency sustains his argument for a coming collapse, the exact opposite of "Bidenomics".
Can Jerome Powell and his advisors steer the economy into a soft landing? “The only landing possible is a crash, where everyone on board dies,” Schiff recently tweeted.
In a recent interview, Peter Schiff said there is an imminent collapse of the global Ponzi-scheme of the Federal Reserve and the US Dollar; "because of a huge debt bomb that’s going to explode.” Schiff posits the interest on the federal debt alone “will be about a trillion by the end of 2023. And by the end of next year [it will reach] two trillion dollars—and that’s if interest rates don’t go up. Ultra-high corporate and credit card debt, along with bank insolvency sustains his argument for a coming collapse, the exact opposite of "Bidenomics".
Can Jerome Powell and his advisors steer the economy into a soft landing? “The only landing possible is a crash, where everyone on board dies,” Schiff recently tweeted.