Analyst Warns of Financial Disaster Worse Than 2008

 Just think about it for a minute…before Trump term #2 we all KNEW that America couldn’t continue on its current path of printing/borrowing trillions per year.  We all KNEW that something, outside of business as usual, needed to change.  People are freaking out now because Trump IS changing things.  He’s trying to get rid of $billions of government waste with Musk and DOGE.  He’s also trying to bring back jobs to America by making foreign good more expensive by using tariffs.  He’s also trying to keep America afloat by shedding thousands of government jobs, because the government was literally printing paper to pay these people.

Everyone is crying “foul!  Stand against Trump and Musk!  We want our free money forever!  We want more government services forever!  We want free healthcare for life forever!  We want to finance our lives today on the backs of our kids forever!  Never change!  Just keep the money coming!”

Can the CEO of a company in trouble just borrow his way out?  Never.  Cuts and difficult decisions have to be made.  Business as usual won’t work because that’s how they got in trouble.  

So maybe Trump has been put on the throne to save America?  There will be pain as we are forced to diet and exercise but if we don’t it’s a certainty that we will die in our easy chair.

Of course the gold guys are going to issue dire warnings…and they may be right.  So the article below is blog-worthy because of the dire warnings for planet earth.  One can see how the rapture will blow up everything and spur the need for “anyone who has a plan!”   The times are ripening for the Antichrist.

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Economist and gold advocate Peter Schiff issued a dire warning Monday, arguing that the U.S. is on the verge of a financial disaster that could eclipse the 2008 crisis. Sharing his concerns on social media platform X, Schiff criticized both government leaders and financial media for ignoring key economic indicators he believes are signaling serious trouble ahead. He likened the current situation to the lead-up to the global financial meltdown over 15 years ago, claiming that the same blindness and missteps are happening again.

He warned that new tariffs will disrupt trade flows and cause a chain reaction of inflationary pressures. Schiff stated:

Tariffs mean fewer goods will come into the country, and fewer dollars will go out. More money chasing fewer goods means higher domestic prices.

“This is an economic certainty. As import prices rise sharply, demand will increase for domestically produced goods, sending those prices higher too. Meanwhile, lower trade deficits will result in fewer dollars being recycled into U.S. bonds, sending long-term interest rates higher,” the economist added.

He explained that these developments would severely impact both consumers and financial markets. In addition, Schiff emphasized that fiscal policy decisions could worsen the downturn: “Higher consumer prices and long-term interest rates will combine to weaken the U.S. economy, increasing the size of federal budget deficits. Middle-class tax cuts will worsen the problem by not only adding to deficit spending but by directly fueling demand for a diminishing supply of goods.”

https://news.bitcoin.com/peter-schiff-warns-of-crisis-worse-than-2008-as-tariffs-inflation-and-fed-policy-collide/