Peter Schiff - Tariffs and the Coming Economic Collapse

This video was filmed on Friday, the fifth of April. By this time the US markets had already registered significant losses. Worldwide losses are piling up, but Peter Schiff urges people to recognize the already fallacious value represented in the financialized market, and don't panic. He maintains that the consumerism in the US will have no choice but to evolve, or learn to live without things that they have become accustomed to. The notion that production will resume in the US is in Peter's opinion the most delusional aspect of this warfare strategy. It would take years or decades to rebuild a manufacturing base in a country that no longer makes anything.