Trump's Foreign Moves Aren't Distractions, They Are Hastening The US Sovereign Debt And Dollar Crisis: Peter Schiff [View all]

Economist Peter Schiff slammed President Donald Trump’s increasingly incendiary foreign policy rhetoric, warning that it is now more than a mere distraction and was, in fact, hastening the nation’s sovereign debt and currency crisis.

Sovereign Debt And Currency Crisis
On Tuesday, in a post on X, Schiff said that Trump’s latest declarations, such as claims that “he will be running Venezuela,” or threatening to “invade and occupy Greenland,” may be more than just political theater or attempts at drawing headlines.

According to Schiff, such statements come at the time of worsening “sovereign debt and dollar crisis,” but instead of distracting people from these mounting economic woes, they are actively hastening the “onset of that crisis.”

This comes as the U.S. national debt continues to accelerate at an unprecedented rate, touching $38 trillion, with the interest on debt alone now surpassing the country’s annual defense spending. At the same time, global central banks are increasingly paring their exposure to U.S. Treasuries and other assets.

https://finance.yahoo.com/news/trumps-foreign-moves-arent-distractions-114604592.html

It's not my money - Donny Dementia.