Peter Schiff: The Trade Truce Won’t Save the Dollar

On Thursday’s episode of The Peter Schiff Show, Peter unpacks the recent stock market rally that followed news of a temporary truce in the US-China trade war. He warns that investors are misreading the situation by ignoring deeper threats to the economy, such as the ongoing global move away from the US dollar and misguided government subsidies that risk driving personal debt even higher.

Peter opens the show with a skeptical look at the so-called win for the Trump administration in its standoff with China, pointing out that the underlying threat was never properly addressed:

Okay, well, we’ve had a pretty good relief rally in the stock markets over the last several days. Ever since we got a truce in the trade war, or maybe more appropriately a surrender than a truce, although that’s not the way the Trump administration is promoting this so-called win. But when you strip off all of the jargon, that’s basically what happened. I mean, Trump diffused the bomb, but it’s a bomb that he set. And the fact that he diffused it has caused investors to enthusiastically buy stocks.