LAST WARNING! USA Collapse Will Be Far WORSE Than You Think - Peter Schiff

Peter Schiff recently posted on his twitter, "It's likely the Fed has already secretly given up its 2% inflation target. Next it will quietly drop price stability as a mandate. Its new unspoken mandate will be to finance exploding Government debt and forestall a financial crisis, no matter how high inflation rises as a result.”
A prominent figure in the world of finance, Peter Schiff serves as the CEO and Chief Global Strategist of Euro Pacific Capital. Peter Schiff conveys his conviction that the economy is presently in the initial phases of a depression. The Silent Depression needs to be acknowledged and properly addressed.
Peter Schiff shows his concern about the economy, foreseeing a shift away from the dollar and a potential rush to move assets out of it. The dollar was broadly steady ahead of a key US inflation report later on Wednesday, though it rose on the yen as traders further digested comments from Japan top central banker on a possible early exit from its negative interest rate policy.
Regarding the US budget deficits, Schiff mentions their rapid growth, surpassing two trillion dollars annually. Newly released data from Wallet Hub says US consumers took on 43 billion dollars in additional credit card debt during the second quarter of this year, ending in June. That's more than triple the average amount of new debt households have taken on in that period since after the Great Recession of 2007-08.
Meanwhile, Schiff shows concern about the impact of rising interest rates and inflation on insurance companies. In a recent report by Swiss Re Sigma, the insurance industry’s cost of capital (CoC) has surged to its highest point in a decade due to a confluence of factors, primarily driven by the impact of the COVID-19 pandemic and subsequent economic events. Here are selective segments from a recent interview where Peter Schiff shares his viewpoints.

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