Peter Schiff: talks to Glenn Diesen about the upcoming Economic Meltdown & Dollar Collapse
https://www.youtube.com/watch?v=064gjPOITvY
Says Weimar style inflation is possible.
At the minium, living standards in the USA will collapse.
Americans could end up poorer than a country like Kenya.
The US has 9.6 trillion in debt to roll over in 2026 alone as discussed by Sean Foo.
https://www.youtube.com/watch?v=ntcEpIosBtc
To borrow that amount of money, Bessent may have to issue debt at very high interest rates and for far shorter period to start a downward circle where 10, 20, 50 trillion in debt has to be rolled over in coming years.
High interest rates will hammer the AI bubble especially as it fuelled by debt.
Americans should sue Bessent, Lutnik and Trump
An economic disaster on this scale is the result of a series of decisions which were so crazy, so unreal, so fantastical, historians will study this trio s pyschology more than economics to explain the collapse of the dollar and economy.
No comments:
Post a Comment