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SCHIFF: GOLD TO SOAR UNDER TRUMP

By Mac Slavo - SHTFplan.com

When Donald Trump was elected, there was so much optimism among libertarians and conservatives, it was almost palpable.

However, itís only been several months into his first term, and itís becoming quite apparent that Trump is no savior. In retrospect, it was foolish to think any single person could snap his fingers, and reverse decades of financial mismanagement and political corruption. It was foolish to think that he could dismantle an entrenched bureaucracy that is more powerful than most people realize.

But not everyone was convinced that Trump was going to be able to turn this ship around. Peter Schiff knew that the damage done by the political establishment was irreversible, and that our financial system was living on borrowed time. In a recent interview with Future Money Trends, Schiff explains why Donald Trump canít stop the inevitable, and how you can crash proof your assets ahead of the economic pain that is coming:

Donald trump should already be disappointing a lot of people who thought we were going to get change, we were going to make America great again. We didnít repeal Obamacare, thatís here to stay. Major tax reform is dead. Weíre dropping bombs.

I mean itís the same old same old right? Big governmentÖ bigger deficitsÖ more cheap moneyÖ keep the air in the bubble. Weíre headed for a major major crisis. Watch the full interview with Peter Schiff:

As for what that major crisis will be, itís not what most people would expect. As Schiff points out, itís not going to be triggered by one sector of the economy, as we saw in during the last financial crash. The crisis is going to emerge with the dollar itself, which Schiff says could cause precious metal prices to soar.Everyone is taking for granted the fact that the dollar is king, but itís not going to be for long. Not when our government continues to rack up debt like a compulsive gambler; which at this point, doesnít appear to be changing under Trump.

The dollar is living on borrowed time, literally. And so we just donít know. Itís like a bomb with a fuse, but we just donít really know how long the fuse is. The dollar, I think is in a major bubble. I think it is in the process of topping out. I think once it completes this top itís going down. And I think itís going to take out the lows from 2008Ö

ÖI think itís going to go down for the count. Because the last time, what saved the dollar was the financial crisis, and that crisis resulted in everybody buying the dollar. But I think the next crisis is not going to be the same crisis that we had in 08. I think the dollar is going to be the crisis. I donít think itís going to be a bread and butter financial crisis. This is going to be a currency crisis. So itís going to be the US government. Itís not going to be the mortgage markets thatís blowing up. Itís going to be the treasury bond market thatís blowing up. Itís going to be the Federal Reserve thatís blowing up. And this is going to be a major major negative for the dollar, not a positive.

We really donít know how long that fuse is, but thereís no doubt that itís been lit. There is a frustrating truism in economics. You can easily predict if something bad is going to happen, but you can never predict when itís going to happen.

Thatís because the economy is built on numbers that are easy to calculate, but itís impossible to predict how people will react to those numbers. In our case, people donít want to believe that this economy is built on a house of cards and that their standard of living is in jeopardy. That willful ignorance, that confidence, can keep the show going long after the curtain should have been drawn. However, no amount of confidence can keep an unsustainable system running forever. Eventually, reality becomes impossible to ignore.

Trump doesnít want to preside over a major decline in our standard of living, but ultimately that has to happen. Because this is the consequence of all this excess consumption that went on before he was president. You know, we sacrificed our future to indulge our past. The future is now the present. Weíre here, and itís time to pay the piper.

Thereís only one thing you can do, according to Peter Schiff. Prepare yourself and your family with real assets like gold and silver that will keep your finances afloat during the next currency crisis.

















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