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20 Trillion and Beyond: What the Coming Debt Explosion Will Mean to Your Portfolio
Released on Wednesday, May 17, 2017•MARKETS
Over the next two decades federal debt is expected to explode into uncharted territory. Even without the expected tax cuts and spending increases proposed by President Trump, current projections see deficits rising substantially every year for as far as the eye can see. Given the government's proven inability to address our ballooning fiscal imbalances, we must expect that these gaps could be filled by bailouts from the Federal Reserve in the form of ever greater quantitative easing. This could hamstring the US economy and send the dollar plunging. Foreign markets can offer attractive valuations, high yields, and potential refuge from a falling dollar.
Peter Schiff is the chief economist and global strategist of Euro Pacific Capital, a division of Alliance Global Partners, a Registered Investment Adviser and a full service broker/dealer. He is one of the few widely known economists and investment professionals to have spoken about the financial crisis before it began. As a result of his commentary on the US economy, Mr. Schiff is becoming increasingly more renowned. He is a widely followed opponent of debt-fueled growth policies and known for his advocacy for emerging market and commodity-focused investments in countries with positive fiscal characteristics. Mr. Schiff has been quoted hundreds of times in leading news outlets around the world, and he regularly appears on business news channels worldwide. His best-selling book, "Crash Proof: How to Profit from the Coming Economic Collapse" was published in February of 2007. Mr. Schiff's fifth book, The Real Crash (Fully Revised and Updated): America's Coming Bankruptcy, was released in April of 2014.
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