Democrats have made every effort to usher in the complete destruction of the American economy, and the way these financial bigwigs are investing their money, they’re well aware of that.
Peter Schiff, the Chief Economist at Euro Pacific Capital said that the U.S. has been on a steady decline since the Federal Reserve “sold the nation’s soul to the inflation devil” dating back to 2008.
Schiff warns that we have not yet seen peak inflation in America and that we won’t for a number of years.
The economist says that the United States’ looming economic crisis could be depression level and that if the Federal Reserve tries to save it will only make things worse.
Schiff points out that he has been preparing for what could essentially be the collapse of the American economy by loading up on foreign stocks and betting against the U.S. dollar.
He advises other investors to do the same if they wish to weather the storm that is headed for America.
Even Northwestern Mutual Wealth Management chief investment strategist Brent Schutte who is slightly more bullish on America’s future, agreed with Schiff’s decision to go heavy into foreign stocks saying that his firm is doing the same.
To better understand exactly why some of the top economists in the world are jumping ship on American stocks, watch the video here.