“Trump’s Bubble Economy” Peter Schiff and Stefan Molyneux
While President Donald Trump and elements of the mainstream media describe a strong United States economy – America’s economic future has significant problems on the horizon. Peter Schiff joins Stefan Molyneux to discuss the United States’s $23-plus trillion-dollar national debt, coronavirus, skyrocketing unfunded liabilities, the end of retirement, coming Corporate bankruptcies, the myth of a strong stock market, the subprime auto loan bubble, the role of China, upcoming inflation, flooding the market with treasury bonds, the day of reckoning for the Federal Reserve – and the end of the second-longest economic recovery in history. Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, the host of the Peter Schiff Show Podcast, the President and CEO of Euro Pacific Capital and the Chairmain of Schiff Gold. See Also: (Peter Schiff) – Bailout spreads nationwide – Ep 547
Dow up almost 2,000 points today; a record point gain, 10th biggest percentage gain, with most larger gains occurring during the bear market of the 1930s. We had a lot of stock market firsts this week and it was one of choppiest weeks on record. Trump announces beginning of national bailout including open-ended moratorium on student interest loans, allowing debtors put their loans into deferment indefinitely and never pay them again. Trump leaves door open to bailout any industry in the country.
Lawsuits driving many shutdowns across the country. Gold’s recent late day buys a sign of illiquid investors trying to get in at lows.