On April 18, Peter Schiff stated that U.S. Economic policies are setting the stage for a recession worse than the Great Depression, primarily due to misguided tariffs and their impact on inflation.
Schiff criticized recent job growth figures, arguing they reflect an increase in part-time jobs, which indicates underlying economic struggles as many Americans juggle multiple jobs just to get by.
He warned that if the Federal Reserve reverts to quantitative easing, it could devalue the dollar significantly and lead to widespread bank failures due to rising interest rates.
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