Trump’s tariff war with Europe isn’t what you think it is–and it’s about to backfire spectacularly.
In this interview, Peter Schiff breaks down why Trump’s 10% tariffs on European nations over Greenland are actually a TAX ON AMERICANS, not Europeans. While politicians talk tough about retaliation, the real story is far more dangerous for the U.S. economy.
Key Points:
Why tariffs hurt Americans MORE than Europeans
Europe owns $8 TRILLION in U.S. bonds–nearly twice the rest of the world combined
How the U.S. would have to BORROW from Europe to buy Greenland
The coming dollar and sovereign debt crisis that will dwarf 2008
Why Trump’s tariffs are blatantly unconstitutional
Europe’s nuclear option: dumping U.S. Treasuries and buying gold
How China is already WINNING the trade war
Why a U.S. economic collapse could actually benefit the rest of the world
The Bottom Line: America is broke with $38.6 trillion in debt and rising. We can’t afford Greenland. We can’t afford these tariffs. And when the dollar crisis hits, Trump won’t have the political capital to worry about anything except the collapsing economy at home.
The fiat currency experiment is unraveling, and the U.S. is at the center of it. Gold and silver just hit new record highs for a reason.
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