Schiff Warns U.S. Heading Toward Major Financial Crisis
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Economist Peter Schiff warns of an impending U.S. financial crisis, citing Februarys import and export price data. Import prices rose 1.3% and export prices climbed 1.5%, both significant increases. Schiff predicts inflation will accelerate due to recent oil price surges. He advocates for immediate Fed rate hikes and suggests investors buy physical gold and silver, reduce U.S. stocks and bonds, and avoid Bitcoin. The U.S. national debt has surpassed $39 trillion, with interest payments projected to exceed defense spending next year. Schiffs dire forecast keeps investors on edge as they await the Feds response.
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