Peter Schiff Warns: “They’re Not Afraid Of Collapsing The Bubble On Trump’s Watch”
Investors like Peter Schiff have been predicting the collapse of the American economy for a long time, and for good reason. If an economy is built on a foundation of borrowed money, then that economy is living on borrowed time. However, despite how fundamentally unsustainable our financial system is, it has somehow defied all expectations. It has gone on far longer than any of us could have imagined.
But that could easily change under Trump. Schiff explains in a recent interview with Alex Jones and Dr. Jerome Corsi, that President Trump is the perfect scapegoat for the coming economic collapse. The establishment loathes him, and there’s plenty of evidence to suggest that they’re trying to pop the financial bubble that they created, while he is still in office.
“It’s interesting that during the entire term where Obama was president, the Fed really only raised rates once. I mean, they raised them a second time, but that’s after the election. Since trump was elected they’ve already had three rate hikes and they’re planning on doing more.
But the low interest rates were part of the problem. The Fed needs to raise interest rates, but when they do that, the economy is going to collapse. The whole bubble, the recovery was phony, we don’t want to keep the phony recovery going. We want to let it implode so we can have a real recovery built on a solid foundation.”
However, Trump’s decision to credit himself for the latest gains in the stock market, as well as a lower unemployment rates, is playing right into the hands of the establishment.
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