RUSSIA-UKRAINE WAR | Peter Schiff: AMERICAN ECONOMY WILL COLLAPSE VERY BADLY

RUSSIA-UKRAINE WAR | Peter Schiff: AMERICAN ECONOMY WILL COLLAPSE VERY BADLY
Subscribe now: https://www.youtube.com/@investocast

►In this video, Peter Schiff, a financial commentator, criticizes the recent $1.7 trillion omnibus spending bill passed by the US government, stating that it is throwing gasoline on the inflation fire. He points out that a significant portion of the bill is allocated for defense spending, particularly for aid to Ukraine, which has reached $113 billion this year alone. Schiff argues that this amount is disproportionate compared to Russia's military budget for the year, which is $65 million, and that the aid is being used to perpetuate the Russia-Ukraine war rather than to seek a peaceful resolution. He also raises concerns about where the money is coming from, stating that the government is not raising taxes to cover the spending and instead, the money is being printed, leading to inflation. He further states that inflation is a regressive tax that disproportionately affects the working poor and middle-class. He concludes that the government should focus on reducing spending and winning the war against inflation rather than perpetuating the war in Ukraine.

►If you found this video helpful, please consider sharing it with your friends. If you want to see more videos like this, you may want to consider subscribing to the channel.

► Special Thanks & Credit to:
Peter Schiff :
https://www.youtube.com/c/peterschiff

Disclaimer: This video is for educational and entertainment purposes only. I am not a financial adviser. Please do your own research and consult with a professional before making any investment decisions.

-----------------------------------------------
#Peterschiff #peterschiffgold #peterschiff2023 #investing #finance #motivation #stockmarket #realestate #financialeducation #housingmarket #foodshortage #risingenergyprices #federalreserve
#recession2023