Peter Schiff: The Economic Collapse Is Accelerating

I am addicted to your podcast now. The guest on these podcasts are incredible. Thanks and Respect from India 🤜🤛

Cut the military spending by 80% and tax the billionairs and multi millionairs with the same % rate nomal workers have to pay 😊❤🎉

We are not sailing towards an economic storm, we are in the middle of it. Thank you and your guest for this video.

Wow . What an intelligent economic mind Peter Schiff has . Bravo Glenn .

TACO economic policy is full of contradictions. He is an authoritarian leader who does not consult his cabinet or advisors for each of his policies dreamed out in the middle of the night and subject to change daily. He is acting like an Emperor.

In 2008–09, governments bailed out banks and absorbed private debt → that’s what ballooned public deficits, not pensions or healthcare. Starting in the 1980s, most EU states cut corporate taxes, capital gains taxes, and top income taxes. This eroded government revenue, so maintaining welfare systems often required borrowing. Add tax havens inside the EU (Luxembourg, Ireland, Netherlands), and trillions in corporate profits leak out of tax bases. The "blame welfare" narrative is ideological: it shifts responsibility away from banks, elites, and structural flaws, and makes ordinary people pay through cuts.

The only way out for America is to slash spending. Cut the military budget by at least 80%. Increase tax on the billionaires. None of that will happen.

The people who lost their homes and pensions in 2008 did not get bailed out

Peter Schiff was there during the 2008 economic collapse. He was right. He is still educating people.

So America did f its self in the a?