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Peter Schiff Warns: “Nothing Has Changed Under Trump… We’re Headed for a Major Crisis”

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When Donald Trump was elected, there was so much optimism among libertarians and conservatives, it was almost palpable. However, it’s only been several months into his first term, and it’s becoming quite apparent that Trump is no savior. In retrospect, it was foolish to think any single person could snap his fingers, and reverse decades of financial mismanagement and political corruption. It was foolish to think that he could dismantle an entrenched bureaucracy that is more powerful than most people realize.

But not everyone was convinced that Trump was going to be able to turn this ship around. Peter Schiff knew that the damage done by the political establishment was irreversible, and our financial system was living on borrowed time. In a recent interview with Future Money Trends, Schiff explains why Donald Trump can’t stop the inevitable, and how you can crash proof your assets and life ahead of the economic pain that is coming:

Donald trump should already be disappointing a lot of people who thought we were going to get change, we were going to make America great again. We didn’t repeal Obamacare, that’s here to stay. Major tax reform is dead. We’re dropping bombs.

I mean it’s the same old same old right? Big government… bigger deficits… more cheap money… keep the air in the bubble. We’re headed for a major major crisis.

As for what that major crisis will be, it’s not what most people would expect. As Schiff points out, it’s not going to be triggered by one sector of the economy, as we saw in during the last financial crash. The crisis is going to emerge with the dollar itself, which of course could cause precious metal prices to soar. Everyone is taking for granted the fact that the dollar is king, but it’s not going to be for long. Not when our government continues to rack up debt like a compulsive gambler; which at this point, doesn’t appear to be changing under Trump.

The dollar is living on borrowed time, literally. And so we just don’t know. It’s like a bomb with a fuse, but we just don’t really know how long the fuse is. The dollar, I think is in a major bubble. I think it is in the process of topping out. I think once it completes this top it’s going down. And I think it’s going to take out the lows from 2008…

…I think it’s going to go down for the count. Because the last time, what saved the dollar was the financial crisis, and that crisis resulted in everybody buying the dollar. But I think the next crisis is not going to be the same crisis that we had in 08. I think the dollar is going to be the crisis. I don’t think it’s going to be a bread and butter financial crisis. This is going to be a currency crisis. So it’s going to be the US government. It’s not going to be the mortgage markets that’s blowing up. It’s going to be the treasury bond market that’s blowing up. It’s going to be the Federal Reserve that’s blowing up. And this is going to be a major major negative for the dollar, not a positive.

We really don’t know how long that fuse is, but there’s no doubt that it’s been lit. There is a frustrating truism in economics. You can easily predict if something bad is going to happen, but you can never predict when it’s going to happen.

That’s because the economy is built on numbers that are easy to calculate, but it’s impossible to predict how people will react to those numbers. In our case, people don’t want to believe that this economy is built on a house of cards and that their standard of living is in jeopardy. That willful ignorance, that confidence, can keep the show going long after the curtain should have been drawn. However, no amount of confidence can keep an unsustainable system running forever. Eventually, reality becomes impossible to ignore.

Trump doesn’t want to preside over a major decline in our standard of living, but ultimately that has to happen. Because this is the consequence of all this excess consumption that went on before he was president. You know, we sacrificed our future to indulge our past. The future is now the present. We’re here, and it’s time to pay the piper.

There’s only one thing you can do, according to Peter Schiff. Prepare yourself and your family with real assets like gold and silver that will keep your finances afloat during the next currency crisis.

This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.


Source: http://www.shtfplan.com/headline-news/peter-schiff-warns-nothing-has-changed-under-trump-were-headed-for-a-major-crisis_04132017


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    Total 3 comments
    • tatsmaki

      “Nothig has changed under Trump” – This is a major mistake.
      The 2nd Korean war by USA and S.Korea and Aggression against Syria are never allowed by the Creators
      March 5, 2017 T. Tatsmaki (Japan)
      The Allied Forces of the USA and South Korea of 200 thou. people scale are staging every year the military exercises from March 1 till May 1, near the border of N. Korea. This military exercises are aming at operations for overthrow of the North Korean polit.power, the murder of Kim JonUn, occupation of N.Korea, its colonization and the unification of the colonized Korean peninsula by US imperialism.
      This is the major threat of life or death for such a little nation, as N.Korea. Thereby, N.Korea is staging nuclear explosion tests and IRBM and ICBM shooting tests against the US. And US president D. Trump declared regarding the preemptive strike against N.Korea. USAF bombers sally out from military bases in Japan, and Japan suffers counterattacks from N.Korea.
      Destruction of nuke plants in Japan may be possible, next to the nuclear explosion of Fukushima nuke plant-1 caused by Israeli Magna BSP (in charge of the nuke security) and US GE (its designer) after the major earthquake in the North-East Japan by the US earthquake weapon HAARP.
      This equivalents to the military exercises by the other nations of 600 thou. people scale in population ratio offshore Tokyo bay, or 1.77 million people scale – offshore NYC.
      It’s pity that China and Russia supported the one-sided resolution of UN on the blame of N.Korea, standing on the side of US imperialism.
      Therefore, such military provocation aiming at the 2nd Korean war by US armed forces is never allowed by the Creators.
      Next to the sweep away on March 14, 2017 (US E time) of Wall Street being the worldwide fort of plutocratic slave domination of Earthers, one of proper sanctions was staged by the Creators for preventation of Earth destruction.
      Thus, US nuclear aircraft carrier Carl Vinson, which was in the navigation process then towards the offshore of Korean peninsula from the north-eastern offshore of Formosa, was swept away by the Creators on April 10, 2017.
      In the USN head office surprise and unrest occurred due to the disappearance of Carl Vinson. After sweep away and reconstruction of few times of the Pentagon and CIA Headquarters, these were swept away newly by the Creators on April 11 (US E time) for the peace and security of Earth.

    • patann

      -Righteously Dividing The Enemy
      http://www.persecutionblog.com

      Prophecy

      -And I Heard In My Hearing “yours is a Nuclear Fate,” 12/27/2016, something cataclysmic this way cometh, 1986-2016, Apb

           -Don’t be deceived, If Hillary had been elected, as Cameron’s is a Brexit, Trump’s a Truexit, Hillary would be a Hilexit, remember the cry 2001, drop your pensions and get to the hills? ETOE, Oct. 2017, Escape! See more here, www.thesevenvials2016.blogspot.com, http://www.cancelelections2016.blogspot.com 

      -And I Heard In My Hearing, “Kill all parents by, I pause here as I don’t remember clearly the date, 2015 is past, we’re in 09/21 of 2016, with something in the form of an ELE US soil, by Oct. 2017, this way coming, beware, Apb, see also http://www.thelightofctentri.blogspot.com

      Listen To Why I Call Her Mystery America, Why Jesus Refused Her Doing The Temptation In The Wilderness
      http://www.thesevenvials216.blogspot.com

      -I Peter, a virtual unknown in any field except biblical prophecy that in the early nineties here visited by Holy Spirits, here was asked the hardest question, what happens when America debt come do? After much denial that this could actually happen, the pending destruction of America, with father Abraham he simply asked, will you at this time destroy the righteous with the unrighteous? Though as you just described of Trump, why God Himself had to put on flesh, endure a blood cross for the man who once was lost, thus other than God’s Christ, Son, there is not a just man upon the earth that doeth good and sinneth not, despite how he sorely want to, even need to, without shedding of blood, this is no remission..
           -I was soon carried on to see failing banks, a demolished housing sector and what has become a multi billion dollar monetary system of religious wickedness, now having a vicious beast tearing from pulpits to pews. Right into their peace getting porches, leaving little hope they’re to even escape with that most valuable, their souls, this stumbling block of iniquity, money, a murderous saboteur. I was in a dream as lately as 2016, where I Peter heard a voice lament, “I have a bear in 120 counties/countries,” as in a bear market nationally and internationally.
      -Unquestionably, see the entire blog here, http://www.cancelelections2016.blogspot.com Apb, The RAM

    • CTrent33

      Schiff wants you to buy gold from him and let him keep it for you. :roll:

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