
Bitcoin.com News|Apr 09, 2025 00:32
The retail industry is facing a ticking time bomb 💥
Peter Schiff says Trump’s 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 wouldn’t be enough to reflect what’s coming.
And the kicker? Even if trade deficits drop, he says it's a hollow win—because Americans just won't be able to afford anything anymore.
This isn’t about foreign trade. Schiff says the real rot is right here in the U.S. 🇺🇸
Markets are sleepwalking into disaster—and no one’s pricing it in.
Is @PeterSchiff right? Are we watching the greatest economic unraveling since the 1930s unfold in slow motion?
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