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Peter Schiff, CEO and chief global strategist of Euro Pacific Capital, argues that Japan is on the verge of popping the biggest bubble in history and suggests this event could have significant consequences for the U.S. economy.
Schiff points to the scale of Japan’s perceived bubble and the interconnectedness of global financial markets as key reasons why the impact would extend beyond Japan.
Schiff has recently warned that a breakdown in the bond market could lead to declines in stocks, housing, and crypto. He has also claimed that his Euro Pacific Bank was closed illegally by Puerto Rico's authorities, asserting the innocence of the bank, its clients, and employees. These issues have kept him in the financial headlines ahead of his latest warning on Japan.