Peter Schiff: Socialism Simply Can’t Work

In Wednesday’s episode of his podcast, Peter walks through the self-reinforcing cycle of deficits, inflation, and interest rates that he believes is cornering the U.S. economy, and explains why rising inflation numbers should be sending investors into gold rather than out of it. He also touches on the deteriorating housing market, offers a refresher on what socialism actually is, takes aim at Trump’s claims about a Russia-Ukraine ceasefire, and closes with a startling account of a banking scandal involving his own bank that he says dwarfs Watergate.