Peter Schiff: This Entire Asset's Collapse Will Make Every American Bankrupt (And Homeless Again)! - Must Video
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Greatest transfer of wealth in the history of the world. People just aren’t understanding who the money is coming from and who will be getting it!
The Fed can never say that things are dire. It would cause panic. So, they always sugarcoat situations. But they know.
It will be epic and the middle class for all intents will disappear.
Except one thing: Lockdowns are deflationary. More lockdowns forthcoming.
Keynesian economists are going to watch as everything they have been pushing collapses, and they will have to finally admit that Peter Schiff, and Austrian economics are actually correct. I’ve had enough of Keynesian, nonsensical monetary philosophy that will destroy our lives. Keynesian economists should be castigated, and mocked for eternity after this coming disaster.
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This will destroy anyone with a mortgage. When the dollar becomes worthless you can’t pay the bank. They won’t want your dollars anyway. They will want your house instead. They can use it as an asset to sell when there is a new monetary system in place. You get to start with nothing…