- According to Peter Schiff, the US is on the verge of an economic collapse.
- Schiff linked the emerging financial crisis to the Fed’s actions in 2001.
- The US economy was suffering the consequences of past decisions made by the Fed.
According to Peter Schiff, Chief Economist and Global Strategist at Euro Pacific, the US is on the verge of an economic collapse. Schiff linked the emerging financial crisis to the Fed’s actions in 2001, noting that the nation’s economy was suffering the consequences of past decisions made by the Fed.
The financial crisis currently unfolding was inevitable. The #Fed sold the nation's soul to the devil in 2001 and the devil has finally returned to collect. We're on the verge of the #economic collapse that I first wrote about in Crash Proof. The Real Crash has finally arrived.— Peter Schiff (@PeterSchiff) October 21, 2023
The Chief Economist noted that he first wrote about the impending economic crisis in his book Cash Proof, published several years ago. In the book, he warned that the economic tipping point for the US had become a reality. According to Schiff, the US went from the world’s largest creditor to its largest d…
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