In a recent Kitco News interview with Jeremy Szafron, financial commentator and radio host Peter Schiff claimed the U.S. economy collapse he’s been warning about for years is finally here.
The cautionary message comes as Infowars and others have predicted the globalist-led Deep State would do everything possible to crash the American economy in order to place the blame on President Donald Trump amid his fight to revitalize the U.S. financial system.
Schiff said the U.S. pricked its own bubble, eluding to the incoming economic fall being an inside job.
He also criticized the private Federal Reserve for refusing to acknowledge rising inflation, saying, “Yeah, well, the year ahead inflation expectations now are 6.7%. I mean, the Fed keeps saying that long-term expectations remain anchored at 2%. What are they talking about? Nothing is anchored at 2%. We’ve been adrift for a long time and now we’re at 6.7%. And you know what? It’s going to be a lot higher than that. The Fed is completely wrong.”
The fact that gold is hitting new highs every day is another indicator that the crash is accelerating, with Schiff explaining, “Gold’s up over $250 in the last three days. So we’re accelerating. Two days, the last couple of days, we were $100 a day, and maybe we’ll be up again. Maybe we’ll be up another 100 by the time they close today’s trading. But what’s happening, and what I’ve been telling people was happening all last year as the price of gold went from 2000 to 3000 and nobody cared and nobody was buying it because everybody was sidetracked by Bitcoin and all the talk about digital gold.“
The economic expert continued, “Well, I think that there is going to be a massive loss of confidence because it’s been a confidence game the entire time. But look, this is going to be a financial crisis much worse than 2008, but it’s not going to be global. It is a U.S. crisis. It’s not a global crisis. It’s actually liberation for the rest of the world because they’re going to be liberated from the burden of supporting the U.S. economy. That means more for them.”
Less than two weeks ago, Alex Jones detailed how intentionally crashing the stock market is one way the Deep State could try to thwart Trump’s successful tariff agenda. ...
