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Until Americans start ramping up production/manufacturing Mr.Trump is taking the axe to offshore importation. If you don't know that by now you're smoking too much dope. tradingeconomics.com/united-states/balance-of-trade

Trump is in the process of negotiating and will win.

Peter how about you get your Gold Money App working I feel like it’s 1999 when I’m using it...

So where do all these tariffs factor into the next Great Recession you’ve been predicting for the past 8 years?

Won't happen. He loves saying things he could do, then gets a reaction then says "well I don't have to, let's make a deal". Then it's back to same shit different twist but he will look like a hero. A big con.

He moves along with Muller to appear strategic. I believe he believes in gold. Thinks the dollar is going down and looking for some type of value added tax.

"Market" algos already read the headlines, future's down.. NY Federal Reserve will have the Dow green, let's say 10am central......

Somewhere Smoot and Hawley are even aghast...

He's right!!!.WE SHOULD BUY EVERYTHING IN U.S.A!!.______________takes time to tool.up,build factory's .put some hustle behind this muscle!!!

He's going to kill whatever growth we have in this anemic economy. Tariffs NEVER WORK! They only stagnate and cause decline in those industries directly and indirectly to the entire economy. EVERY tariff imposed is a DIRECT loss for the US consumer and the US economy, PERIOD. That is a historical FACT....look it up. Also how can you have 4.8% unemployment with more that 95 MILLION US Citizens out of the labor force? Someone is lying here...! My guess is that its the Narcissist in Chief and his administration. :/

Happy Days for those Yellow Porks is OVER. Park your Red Communist toilet paper (Flag) next to your Yellow Crap

He is just doing this so he gets back in good with Raytheon and other military hardware stocks since peace on the Korean peninsula tanked stocks.

The way I look at it, politicians on this side say this, and that side they say that. They dont want to hear what I say.

So basically china just wants to continue buisness as usual... But unfortunately for China there economy is in worse shape than ours... So let's see who gives in first 🇺🇸🇺🇸🇺🇸

These cat & mouse trade war are actually given the US dollar a huge massive amount of buying power. Let’s All see how long it will last...😉 money.cnn.com/2018/06/18/investing/stock-markets-trade-war-china-us/index.html

You do realize the US was funded by tariffs for about 150 years right?

Well, we probably shouldn’t build a star-fleet with Chinese parts anyway 🚀 💥

Well, it's a good thing that trade wars are "easy to win".

We already have a space fleet. They are just going to reveal it. #blackbudget. #youthinkHUDandthepentagonactuallylost21Trillion

The repepative overtness and lies are sad to say the least.I was born in 1958,so my time is numbered but when i see all the younger people.my heart goes out.This nation is so far from what our forefathers intended and apathy has buried it.

Of course when existing government intervention fails, add more government intervention... 🙂

This is going to be hilarious to watch

Woot!! The Americans will pay for it!!!

He will prob pass off of what obama added to the debt in one term

Tesla is going to win the contracts

I think there will be a long line of recruits waiting to join the Space Force. Not only will they likely have really cool looking uniforms, but the odds of actually seeing any combat are practically zero!

Peter, I’d like to say it’s been nice (but all you do is talk crap about our president), but adios.

peter schiff - we have already had the secret space program, chances are you are aware of this. where do you think all the "Missing" trillions go to? Another thing that makes me think that you know - is mentioning the USAF - for they are the ones that have been wanting to control the release of disclosure, whereas the Naval Space Fleet (former Solar Warden) is all about #FullDisclosure.

Hey Schiff... where were you during the last eight to $10 trillion budget deficit?

Does this mean we’ll finally get warp drives?!

This is to distract from immigration policy atrocities(which ofcourse Peter is silent on) and Wilbur Ross Russia connections/ insider trading

Chiffon stupidity is showing through again. And since when has a Democrat ever been concerned with spending tax payers money?

Thank u Mr.Trump!..our town here near NASA! Is BOOMING!!!!!!.prop values soaring!!!..here in titusville! At one of my rentals!!Space engineer's ,workers,ripple!!$$$$$$$$$$$$$$$$$$$

Ugh. All these new star wars movies and now the government is getting into the reboot business.

It’s already in place and has been operating for 60 years. Laugh on if you wish. Contact is already here but it is being restricted because most people cannot handle it. BTW, where do you think the missing and unaccounted for 6.5+ Trillion US military dollars went?

Russia and China are already mobilizing along similar lines. Trump is merely trying to outpace the inevitable.

It's a false cover up to slowly introduce the existing secret space programs the US already has. The US Airforce have various models of the triangular TR-3B Astras and the US Navy has the very large UFO cigar shaped "Solar Warden" models that carry smaller UFO resonance ships in them.

Impossible. Can't use the Air Force because there's no air in Space......😁

Actually the idea of a space force isn't that bad. Maybe the Pentagon already has plans for a death star. Once finished, the superlaser could target the Federal Reserve!

What difference does it make, if all the debt was paid we would have to borrow more to pay each other. We will never hang the criminals when they pay the lynchman...I'm sorry donations

I would love to see how much space force is going to cost! We cant even sustain life on this planet how are we going to do everywhere else! when we master earth will move on.

there is no space. you can't go beyond the firmament.

The air force is busy covering the skies with geoengineered clouds and rain or making drought in California.

Well, to his credit, there isn't any air in space, so air force is a no go

cutting useless federal agencies will more than cover the cost of this. i applaud and approve.

The continued trend of inflation is a can kicker and a coping mechanism for the simple reason that adding assets into circulation to support debt-free economic trades is a function for the market, only .... bottom-up. The elite are forbidden by market law. They simply can't. They're quietly cheer-leading the rest of us .... and applying "the stick". We need some Yang with our Yin.

Keep attacking the only president to take on the globalist.

Unless you understand how incredibly “religious” our world leaders are, then you have no clue as to why they want to build a space force... or, you can just go read your Bible to find out the answer...

Krugman and the Aliens. Lol maybe we will be nice and used paintballs and stink bombs, per your suggestion.

We r for smaller government! Ha ha jk we’re republicans and no amount spent on the military is too much. The government is wasteful and ineffective! Ha ha jk we’re republicans and that only applies when it’s convenient.

So, crypto isn't useful as money because there's no central bank keeping the market value stable by inflating and deflating the supply? Kind of like gold, right?

What you don't know. Dash will scale to Paypal and further, on it's own; BCH has a great scaling program, in fact any coin worth using does. Show me where all the gold is, Peter; is it all stuffed in to state coffers, and up the arses of your friends? Are you a shill for all that monkey history? #Bitcoin

This is nonsense - digital money is already in existence and has been for a while ... decentralizing the architecture of the balances and transactions won’t take the internet down anymore than cloud based computing or other innovations via information orientation didn’t kill computers

Crypto won't take over all money, but will forever act as CASH. And that's all that was intended when it was created --to be an Internet-transferable form of cash, for use in the underground economy. And, when people become bored of it, the speculation will stop, the price will stabilize (much lower than it is now) and will be more useful as such. There is a demand for cash on the Internet, just as there is in the real world.

I respect Mr. Schiff and his opinion. However at least two objections in this article could be said of gold. I'm not sure what will replace cash/ credit for transactions but am convinced it will be something with some of these characteristics. I dont think gold will be what I carry in my pocket, it will need to be phone friendly

Whoa hold your horses. Dont be so quick to toss the baby out with the bath water. Cryptocurr has potential. Its not that far fetch since we are already have cashless system. Im in no way supporting some of the impplementation out there(bitcoin, the usual suspect), but for some of them, can be used as token.

Just look at all the people out there that have lost everything already. To think that more are willing to jump in is crazy.

They also said that online retail would break the internet. The said that VOIP would break the internet. They also said cars would not catch on because horses were much better at dealing with muddy dirt roads. If you shorted Amazon in 1999, you might feel pretty good about yourself. For a time.

If I didn't already have outstanding bets worth double the value of my portfolio that bitcoin won't drop below 2k before surpassing 20k again, I'd add another 5k wager to the pile, Pete. But as I mentioned, I'm in quite deep already. GL me. BTW, I actually trade stocks and crypto and you may not want to hear this but I would not touch GLD with a ten foot pole, not until we break resistance, retest it, and bounce confirming a move upward.

LOL. BIS argues Bitcoin can't scale because 1TB blocks would crash the internet and mining will lead to an "environmental disaster". Imo indicative of a widespread misunderstanding among finance ppl: assuming that digital protocols can only scale horizontally. Bitcoin will scale in a modular way. medium.com/@tuurdemeester/bitcoin-digital-gold-or-digital-cash-both-382a346e6c79

Not so! They can act as surety, but the volume isn't big enough yet. As for 'chief digital currency', this article is totally reverse psychology, and they sure got you, buddy!

Crypto currency is merely private fiat money purchased by government fiat money Either is worthy only as far as the market is willing to accept them, else a useless digit or near-useless paper. At least with paper, one can roll a cigarette or light a fire. Commodity backed currency is also worthy only as far as the market is willing to accept it and the commodity. That is, the two's usefulness are hand in hand.

Full of straw man arguments. They're pretending SEGWIT hasn't reduced fees and increased throughput ability, when it has done both quite well. Lightning network is coming along as well. #100kBTC

The BIS comment is nothing unusual. I mean, this is absolutely logical that the central banking "supervisor" defends verbally the central banking system money and not the alternatives, like crypto currencies.

We're not using 56K modems and 200 MB hard drives anymore, but that's a fact that seems to escape this author. Plus using the cryptocurrency values from only the beginning of the year until now conveniently obscures the increase in value of BTC and other cryptocurrencies since their inception.

I strongly disagree! It's a matter of complex simulatenous developments on both the software & hardware side, mixed with advanced cryptography and other particularities that will break the ice and free the economy 🙂

Lose everything is correct precisely, they will look worse case scenario like what happened to Lehman Brothers Financial.. The Crypto Currency on just how it is wasn't well planned an you can read that in the Swiss Central Bankers info page! But its to late to try fix it now.

Crypto currencies could offer privacy, security, and could be like a Moneygram for instant transactions.

This is completely false. Cryptos will decentralize the internet meaning it won’t be subject to an “internet kill switch” that the UN controls. Also, cryptos aren’t as crucial for the 1-2 billion banked people. But for the 5 billion unbanked/under-banked, it isn’t a matter of “want”, they NEED it!

Internet? Once we have blockchain scaled we won't need the internet. It will look like a joke. Thanks for assuring me I'm right again Peter. Google Elastos. #CryptoWinning.

However, the BIS would probably say SPDRs were fantastic as a form of money, so their view isn’t entirely impartial

Come on Peter don’t be a schill, you know full well the only reason the dollar has users is because we are forced to use it by central governments though taxation.

the argument against bitcoin not being usable as cash because it is too volatile is utterly short sighted. Bitcoin is volatile because its still only an infant. When its at half a million or a million dollars and sufficiently liquid and diluted, it will not be any more volatile than any other currency on earth.

Once Crypto takes off the powers that be only have one way of stopping it ...and that is to switch off the Internet...

Cryptos need gold and silver to exist because they rely on computers to exist. Either way, gold/silver are good investments.