In his most recent Gold Videocast, Peter Schiff pointed out that Pres. Trump inherited an economic mess from Barack Obama. Even if he can manage to get his policies implemented in the midst of the political circus going on in D. C., it isn’t going to be enough to stop the downward economic spiral.
Yes, having Donald Trump president is better than having Hillary Clinton as president. But he is not a get out of jail free card for the economy… The problem is the damage is going to hit on Donald Trump’s watch. Barack Obama got out of Dodge just in time.’
Brandon Smith at Alt-Market.com agrees that the economy is due to take a plunge. He takes things a step further, asserting that Trump is just the scapegoat the central bankers have been waiting for. Now they can nudge up interest rates and blame the chaos caused by popping bubbles on the president specifically and Republican policies in general.
This post was published at Schiffgold on MAY 25, 2017.