Peter Schiff

Trump's approach here is so incredibly dangerous because, you know, we live in a nuclear world.

We live in a world where we can completely annihilate each other.

And so if we are going back to these, you know, like East India Company type colonialism and the law of the jungle and might makes right, we are doing so in an era where

of the possibility of complete and utter annihilation.

Like we should be very clear that that's what we're playing with.

And I'm not here saying that that's happening tomorrow or whatever, but that is what we are playing with right now.

Dalio, um, has a theory of the cycles that societies go through that is worth engaging with as well.

And in his view, we've now moved from, uh, phase five to phase six, which is basically like imminent, um, civil war and some sort of, you know, mass turmoil.

And, uh,

You know, I think there are signs that we could be heading towards that.

We'll talk more in the block about Minneapolis and what's going on there, the sort of face-saving moves that Trump is engaging in now to sort of step back from the brink.

I think that's all very good.

I'm glad to see it because the temperature has been so incredibly high that, you know, I've been quite worried about it spiraling out of control.

Doesn't mean it's not going to spiral out of control, but at least maybe there's a step back from the brink right at this moment.

You know, my understanding of what this Trump administration is doing right now and Trump himself and Scott Besant and others have sort of indicated this.

They've laid out their their strategy, et cetera.

Trump was asked about the decline of the dollar.

And when the dollar declines, you know, most of the things that we all buy at this point are imported from abroad.

So if the dollar isn't buying as many goods abroad, that means everything's getting more expensive for you.

That means whatever you've got in your savings account or whatever wages you're earning, they're not going as far, right?