@PeterSchiff - Peter Schiff
Now that #USAcoin is gaining a following, I've decided to upgrade the design. @realDonaldTrump needs to establish this coin by executive order and build a strategic reserve. #Bitcoin is for losers. USAcoin is for winners. Buy it, or have fun staying poor. https://t.co/T9u6HToyPX
@PeterSchiff - Peter Schiff
@Rhythmtrader Keep dreaming. Bitcoin is never going to hit $100,000!
@PeterSchiff - Peter Schiff
When reporting on the overnight speculative spike in #Bitcoin, @CNBC called Bitcoin digital #gold. But thousands of other #cryptos also rallied. Are all those tokens digital versions of gold too? In reality none are digital gold, just modern day digital versions of fools' gold.
@PeterSchiff - Peter Schiff
#Gold pulling back below $2,100 has provided a catalyst for #Bitcoin to spike near $41K. This could be Bitcoin's swan song. The speculative frenzy around spot Bitcoin ETFs will end soon. Bitcoin's collapse will be more spectacular than its rally. In contrast gold's rally is real.
@PeterSchiff - Peter Schiff
On the current path the #NationalDebt will top $70 trillion before the decade ends. If the average finance cost is only 7%, the U.S. Treasury will spend $5 trillion per year on interest. That's 20% more than total current federal tax revenue. A crisis will prevent this outcome.
@PeterSchiff - Peter Schiff
#Gold is down again as clueless traders cling to the false narrative that rising bond yields are bearish. In contrast, they ensure not only a hard landing, but a financial crisis, skyrocketing federal budget deficits, soaring unemployment, and massive QE. #Inflation is bullish!
@PeterSchiff - Peter Schiff
As I've been warning, we are still early in the biggest #bond market crash in U.S. history. Every government, corporation, landlord, and family that has been relying on cheap debt to survive will die. When the #Fed tries to save their lives, it will kill them with #inflation.