The US Isn't Japan, It's Argentina - Ep 927
The Peter Schiff Show Podcast
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The Severity of the Fiscal Crisis
This chapter highlights the severity of the fiscal crisis in the United States, discussing the problem of interest and principal payments, the comparison to a Ponzi scheme, and the impact of rising bond yields. It also refutes the perception of the Trump economy as the greatest in history. The chapter emphasizes the origins and progression of the economic bubble, monetary policy mistakes, and the role of shortening the maturity of the national debt.
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