Peter Schiff Warns $40 Trillion US Debt Fuels 2028 Democratic Socialist Risk

1 articles · Updated · Fox Business · Aug 20

Peter Schiff said the U.S. economy is now worse than when Joe Biden left office, arguing Donald Trump became unpopular after failing to deliver lower prices and curb inflation.
Schiff tied that deterioration to what he called looming stagflation, a weak dollar and a potential sovereign debt and currency crisis, with U.S. national debt now above $40 trillion.
He said those pressures could cost Republicans House seats in this year's midterms, put the Senate at risk by 2028 and open the door to a Democratic socialist winning the White House.
Schiff urged investors to buy gold and silver and diversify into international stocks, while calling for spending cuts, deregulation and a smaller government response instead of more taxes and regulation.