The US Already Lost the Trade War - Ep 1021


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Apr 11 2025 74 mins   604 5 1

Peter Schiff dives into the wild financial markets, tariff drama, trade deficits, and golden opportunities.


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Peter Schiff discusses the recent turmoil in the financial markets, attributing it to the imposition of tariffs by the Trump administration. Schiff criticizes the tariffs, asserting that they hurt the U.S. economy, caused the dollar and bond markets to crash, and ultimately led to significant market volatility. He contends that Trump's tariffs were a misguided attempt to reduce trade deficits and that they contradicted basic economic principles. Schiff outlines how foreign investors fleeing U.S. assets and central banks favoring gold over dollars indicate a shift away from U.S. economic dominance. He emphasizes the importance of investing in gold mining stocks, anticipating substantial growth as the economic crisis unfolds.


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Chapters:

00:00 Introduction and Opening Remarks

02:38 Market Recap: A Wild Week

05:43 Tariffs and Trade Wars

08:51 Trump's Negotiation Tactics

14:58 Impact on the US Economy

18:42 Global Reactions and Consequences

26:53 Currency and Market Movements

35:41 Economic Consequences of Tariffs

36:38 Impact on American Companies

38:11 Global Financial Crisis Predictions

42:40 Gold and Bitcoin Market Analysis

45:30 Investment Strategies in Gold Stocks

51:34 The Future of the US Dollar and Global Economy

01:03:04 Final Thoughts and Investment Advice


#finance #investing #gold



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