Markets Can’t Ignore Exploding Trade Deficits Forever – Ep 745

The Peter Schiff Show Podcast

* US dollar would tank if traders understood implications of economic data.
* Trade deficit continues to break records month after month.
* Strong economies have trade surpluses; we have a bubble economy.
* We’re only consuming and importing because we’re printing a currency the world still values.
* Massive trade deficits aren’t a problem until they’re a crisis.
* Government pretends rights are privileges so it can tax them.
* Moral hazard and rampant fraud will ramp up childcare costs under new Biden plan.
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