Peter Schiff - New! 'The US Economy Is In Awful Shape! That's Why Donald Trump Was Elected!'

EconomyKing

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Jan 10, 2017
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Peter Schiff informs CNBC why Trump was elected President. Yes, there is fear in America. Yes, the economy is going down. and of course YES, the divide between rich and poor is HUGE.

 
The US economy had a nice run up from 2009 to 2017, it is overdue for a "correction" of 10% or so. If this is the peak of the economy many middle-class folks don't want to ride the Obama global economy "race to the bottom" is simply a "fact of life" get used to it mindset. Voters like the US populism mentality as outlined by Trump. Agreed its a major roll of the dice betting on Trump, but its either Trump or the slow decline into poverty.
 
Schiffs first word when he was 11 months old was "crash!!"...not that he is wrong, but he continuously understates/underestimates the plutocratic corporatocracy FED's willingness to throw our tax dollars into the system to prop it up.
 

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