Peter Schiff Says Economic Bubble We're in Today Started 2 Decades Ago Under Bush – And 'It's Going To Get Worse Before It Gets Even Worse'

The outspoken economist, author and podcast host Peter Schiff has long been a lightning rod for debate. Known for his bold predictions and contrarian views, Schiff recently sat down with CEO.CA to discuss the U.S. economy, inflation and his ongoing criticism of Bitcoin. His perspective, as always, was sharp and unapologetically critical of current economic policies.

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The "Bubble Economy" Explained

Schiff argues that the U.S. economy has been in a bubble for decades. "What's been going on is that the government has been sustaining a bubble economy," Schiff stated. "It really took hold with Bush, reacting to the bursting of the dot-com bubble in 2001. Reckless policies have continued for over 20 years." According to Schiff, this pattern of debt-driven consumption has left the economy in an unsustainable state.

He elaborates that the Federal Reserve's monetary policies and unchecked fiscal deficits have propped up this bubble economy. "The whole economy is built on debt and consumption and it's going to implode because it's unsustainable," he said.

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