
Bitcoin.com News|Apr 09, 2025 00:32
The retail industry is facing a ticking time bomb đĽ
Peter Schiff says Trumpâs tariffs could wipe out retailers, leave landlords broke, and crash banks.
Prices could spike way beyond the tariffs. Layoffs could slam the job market. Empty stores, defaulted loans, and a full-on recession?
He even said a 50% stock crash wouldnât be enough to reflect whatâs coming.
And the kicker? Even if trade deficits drop, he says it's a hollow winâbecause Americans just won't be able to afford anything anymore.
This isnât about foreign trade. Schiff says the real rot is right here in the U.S. đşđ¸
Markets are sleepwalking into disasterâand no oneâs pricing it in.
Is @PeterSchiff right? Are we watching the greatest economic unraveling since the 1930s unfold in slow motion?
Timeline