Peter Schiff torches Trump’s Big, Beautiful Bill as economic suicide, warning it will obliterate the dollar, supercharge deficits, and devastate the U.S. economy.
by Jamie Redman
Bitcoin.com
Peter Schiff: Trump’s Bill Is a Fiscal Nuke That Will Wipe out the US Dollar
Economist and gold advocate Peter Schiff shared in a few posts on social media platform X this week his blistering assessment of President Donald Trump’s “Big, Beautiful Bill,” arguing that it represents a profound misstep in fiscal governance. In a series of critical remarks, Schiff accused the bill’s architects and supporters of perpetuating unsustainable economic policies that will push the U.S. further into financial peril. He warned on May 24:
The Big, Beautiful Bill not only won’t make America Great Again, but it continues the destructive fiscal policies that contributed to our fall from greatness. Ironically, it may be the straw that breaks the camel’s back, ushering in a long overdue dollar & sovereign debt crisis.
Criticizing its legislative structure, Schiff drew attention to the bill’s sheer length and lack of deficit reduction measures in another X post: “The Big, Beautiful Bill contains 1,116 pages, yet not a single page reduces future deficits. In fact, they make them larger. Only two House Republicans had the courage to vote against this monstrosity … The bill is a total fraud and a betrayal.”