Peter Schiff, CEO of Euro Pacific Capital, warns savvy investors they should start protecting their assets for a worst-case scenario because there is little hope of economic improvement as President Donald Trump near completion of his first 100 days in office.
“Donald Trump should already be disappointing a lot of people who thought we were going to get change, we were going to make America great again,” Investment Watch quoted Schiff as saying.
“We didn’t repeal Obamacare, that’s here to stay. Major tax reform is dead. We’re dropping bombs,” IW quoted Schiff as telling Future Money Trends.
“I mean it’s the same old same old right? Big government… bigger deficits… more cheap money… keep the air in the bubble. We’re headed for a major major crisis,” Schiff said.
Schiff also investors to keep an eye on the U.S. dollar, which Trump himself last week said was too strong.