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Peter Schiff: Tariffs & the Coming Economic Collapse
YouTube ^ | April 6 | Peter D. Schiff

Posted on 04/06/2025 5:58:27 AM PDT by RandFan

Peter Schiff is a financial commentator & CEO of Euro Pacific Asset Management

[30 mins podcast]

(Excerpt) Read more at youtube.com ...


TOPICS: Business/Economy; Chit/Chat; Conspiracy
KEYWORDS: chickenlittle; hennypenny; randypandy; talkingschiff; trollfan
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OK Freepers many fallacies exist around these tariffs please listen to Peter Schiff.

Many of you claim companies like Nike (Peter uses this example) are really going to open new factories in the United States as an end run around tariffs considering the costs involved and the labor?

LMAO. Whatever.

Flame me. I dont care. A lot of what I see in the tariff threads are just mistaken beliefs. It's potentially a disaster.

I guess we have to check back in a few years on this one....

1 posted on 04/06/2025 5:58:27 AM PDT by RandFan
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To: RandFan

HOORAY President Trump!


2 posted on 04/06/2025 6:00:13 AM PDT by PGalt (Past Peak Civilization?)
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To: RandFan

libertarian swill. Please support President Trump.


3 posted on 04/06/2025 6:01:15 AM PDT by JonPreston ( ✌ ☮️ )
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To: JonPreston

I do but this tariffing sucks


4 posted on 04/06/2025 6:02:01 AM PDT by RandFan
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To: RandFan

Peter Shiff’s a self-interested hack.


5 posted on 04/06/2025 6:05:46 AM PDT by 9YearLurker
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To: 9YearLurker

Well he speaks a lot of common sense


6 posted on 04/06/2025 6:06:16 AM PDT by RandFan
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To: RandFan

i work directly in the import business.

yes, the tariffs have had an impact but since most of the products i import are from China and India, then we also squeeze the manufacturers to cut costs.

I had one product that was $150000 per kilogram from China. once the first round of 10% tariffs went into a effect a month or so ago, we squeezed our supplier on pricing. got the price down to $143000 per kg.

i know this is happening all over our industry


7 posted on 04/06/2025 6:06:21 AM PDT by Jaysin (Trump can't be beat, unless the democrats cheat)
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To: RandFan

He shills for his company.


8 posted on 04/06/2025 6:10:51 AM PDT by 9YearLurker
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To: Jaysin

Wouldn’t the target price be $135,000 per kg?


9 posted on 04/06/2025 6:11:06 AM PDT by sauropod (Make sure Satan has to climb over a lot of Scripture to get to you. John MacArthur Ne supra crepidam)
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To: RandFan

I’m not too concerned about sneaker manufacturers moving back to the USA. And some appliance and TV makers aren’t likely to either. I want heavy industry to to make a return. And I want to see new businesses consider the USA over other countries for start up. Equal tariffs. Why let others charge us more than we charge them?


10 posted on 04/06/2025 6:12:46 AM PDT by Quickgun (I got here kicking,screaming and covered in someone else's blood. I can go out that way if I have to)
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To: RandFan

What’s up with the Schiff family? Does the dummy gene travel in the Schiff bloodline? I hope not. I found a Schiff married to one of my relatives in Massachusetts. Crap.


11 posted on 04/06/2025 6:13:55 AM PDT by FlingWingFlyer (First covid case confirmed in America. 01/19/2021. Biden inaugurated 01/20/2021. Coinkydink?)
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To: RandFan

pure libertarian swill. America is finished with his Kentucky brand of trade policy. It has led to yearly trade deficits in the hundreds of billions of dollars.


12 posted on 04/06/2025 6:14:04 AM PDT by JonPreston ( ✌ ☮️ )
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To: RandFan

He focuses on nike, and you take him seriously? Who cares about damn tennis shoes?


13 posted on 04/06/2025 6:15:02 AM PDT by Larry Lucido (Donate! Don't just post clickbait!)
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To: RandFan
"LMAO. Whatever."

Flame you? Never. I been taught not to make fun of handicap people. So, I will virtually pat you on the head and say, "Good boy."


14 posted on 04/06/2025 6:15:11 AM PDT by BushCountry ( The Biggest Super Bowl in history going on in DC right now, It’s the Patriots vs The Stealers!)
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To: sauropod

we can only squeeze so far. but you can guarantee that the pricing pressure on foreign suppliers is very high right now across the board.


15 posted on 04/06/2025 6:15:47 AM PDT by Jaysin (Trump can't be beat, unless the democrats cheat)
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To: RandFan

you dont like tariffs? then dont buy the friggin tariffed products!! That concept in itself is like a doubled edge sword to combat the reason for the tariffs in the first place!!


16 posted on 04/06/2025 6:16:51 AM PDT by sit-rep
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To: RandFan

How about you stick to banging Chinese spies and leave economics to people who know something about the economy.


17 posted on 04/06/2025 6:17:43 AM PDT by bray (It's not racist to be racist against races the DNC hates.)
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To: RandFan

Tariffs are potentially a disaster. Can’t disagree with that.

But here’s another potential disaster: A country that manufactures very little of what it needs. Way back when Sam Walton started Walmart, he took pride in selling American-made products.

How many American-made products does Walmart sell these days? I looked it up. It’s less than 20%. Most of the rest comes from China.

If we’re not yet an economic colony of China, we soon will be. Teddy Roosevelt once said the worst thing you can do in a crisis is nothing. He was right.

Trump is doing something.

Strategic tariffs + less regulation + lower taxes. That just might work.


18 posted on 04/06/2025 6:20:02 AM PDT by Leaning Right (It’s morning in America. Again.)
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To: RandFan

Once again. Tariffs are dangerous and destructive of the economy when we do them. When foreign countries do them somehow it’s different. And yes, they will make factories here. There was a factory not far from where I live that made Levi Strauss jeans until the globalism bull crap started. This will bring manufacturing back to America, or they can pay the price.
And even if it doesn’t bring a factory here, they can drop all their restrictive tariffs that keep the products we do make here out of their country. If tariffs were the bad as everybody said, other countries wouldn’t want them.


19 posted on 04/06/2025 6:22:41 AM PDT by DesertRhino (2016 Star Wars, 2020 The Empire Strikes Back, 2025... RETURN OF THE JEDI...)
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To: RandFan

Hasn’t Schiff been predicting collapse for like 20 years now?


20 posted on 04/06/2025 6:24:00 AM PDT by Recovering_Democrat
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