💣The US national debt has increased by $444 billion in the past two weeks, adding $11 trillion per year.
💰Low savings and high debt of Americans contribute to the economic crisis.
📉Inflation is rising, leading to higher prices and decreased purchasing power.
💡Investing in gold, silver, and foreign dividend-paying stocks can help protect wealth from inflation.
❗️The government's inflation tax will continue to burden individuals and businesses.
What is causing the rise in the US national debt?
—The rise in the US national debt is mainly due to reckless spending and artificially low interest rates.
How does inflation affect the average American?
—Inflation leads to higher prices, making it more difficult for Americans to meet their financial needs and maintain their standard of living.
What can individuals do to protect their wealth?
—Investing in tangible assets like gold and silver, as well as foreign dividend-paying stocks, can help protect wealth from the impact of inflation.
Why is the government unpopular despite claims of economic success?
—The government's misrepresentation of inflation and the resulting financial pressure on individuals contribute to its unpopularity.
How long will the economic crisis last?
—The economic crisis is expected to persist for an extended period, affecting multiple seasons and requiring long-term measures for financial protection.
00:00Peter Schiff, Chief Economist and founder of Schiff Gold, warns about the rising US national debt and its impact on the economy.
01:05The US national debt has increased by $444 billion in the past two weeks, adding $11 trillion per year.
02:08Low savings and high debt of Americans contribute to the economic crisis.
03:21Inflation is rising, leading to higher prices and decreased purchasing power.
04:34Investing in gold, silver, and foreign dividend-paying stocks can help protect wealth from inflation.
