President Trump is the best president of my lifetime, but that doesn’t say much for the rest. My suspicions that all the good headlines hide a lot of potential problems have been growing over the past several months. The predictor of the calamitous 2008-2009 financial crisis, Peter Schiff, was featured on Fox and Friends in December. Schiff foresees much worse coming this time. In the two years leading up to the crisis, Schiff stood against all the robotic government apologists, ridiculed while he prophetically said, “The American economy was like the Titanic.” In a word picture, he tried to warn investors to get into the lifeboats before the inevitable sinking. Today, he sees something a whole lot worse on the horizon.
President Trump, the master salesman, has MAGA jumping to his beckoned call to get in line. While the majority in Congress retreat in silence, too many are too spineless to demand that he stop usurping congressional power. Rosy pictures of tariffs making us wealthy and so much promise of foreign investment is hard to believe as we watch prices of staple items rise. How many companies will spend billions when political quicksand threatens to reverse and erase all of Trump’s policies? Trump’s words sound good, but looking back at the economic blunders of recent administrations, it is wise to be skeptical of all the promises. Something is fishy; the smell is getting stronger!
Trump’s modus operandi for facts is mockery. His online response was, “Check out the Booker who put this jerk on.” All the while, MAGA-nation laughs instead of contemplating the seriousness of the consequences of Trump’s actions. Schiff sees economic doom as he nails the generational problem: “So you can’t hang it all on Biden. Not that Biden didn’t make the problem worse, but he didn’t create the problem. And Trump didn’t either. He inherited it from Bush.” Passing the baton of spending, taxation, and deficits is why the Federal Reserve was created. Without the solid backing of precious metals, fiat currency has inflated all the way up to nearly 40 trillion dollars in national debt. The sky is the limit.
America will not become first priority with promissory slogans like America First. The promise of MAGA doesn’t make a country great. There is no difference between advertising and political jingles. They both sell you something you didn’t know you wanted. The free-enterprise principle of “Buyer Beware” is a much more valuable asset for maintaining American liberty. Trump must not be worshiped. The Constitution must be obeyed. None are so blind as those who will not see. Watch Schiff elaborate on what he said on Fox and Friends, in this New American long-form interview: https://thenewamerican.com/video/unrestricted/peter-schiff-dont-believe-the-happy-talk-on-the-economy/; then learn more about cutting Federal spending: https://gojt.us/gc5a .
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