PETER SCHIFF - Trump Is A Lying Hypocrite (AUGUST 2017)

Next financial collapse western world going to dark ages

The American economy has collapsed from 2008 and has never recovered. It was simply propped up or stimulated with money. Money that didn't improve productive capacity, infrastructure or the real economy. It simply restored households confidence and bailed out the banks that helped to cause the crash. Furthermore, Automation and Chinese trade hegemony has been simultaneously shafting the American (Western Hemisphere) economy for years resulting in wide-scale loss of jobs, hence loss of household income.If theres no income, there'll be no financing of the trillions of dollars of credit card, mortgage debt and motor vehicle debt incurred by households and as such banks will slowly fold over. Who will bail out the institutions then? Folks, the immense degradation of the American economy and society in America is INEVITABLE in light of the above, its a matter of when, not if.The level of indebtedness of the government and households has simply reached its limit.