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Posted: 2025-04-24 23:09:05 UTC
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
Status
Last Updated
2025-04-24 23:09:38 UTC
Verified By
Rollup News
Peter Schiff warns that Trump's tariffs could lead to economic suicide, triggering inflation, market collapse, and a depression worse than 2008. He advises selling crypto and investing in gold mining stocks as safe havens.
U.S. prosperity is fake and reliant on foreign subsidies.
Trump’s tariffs will end foreign support, causing a collapse in American living standards.
Schiff predicts a massive recession with skyrocketing inflation and interest rates.
Gold mining stocks are a safe haven as U.S. markets enter bear territory.
The U.S. will suffer most as the world transitions without American demand.
U.S. reliance on foreign subsidies and printed money.
Trump's tariffs leading to inflation and market collapse.
Potential for an inflationary depression worse than 2008.
Trade deficits stemming from U.S. mismanagement.
Overvalued crypto market.