• The book "The War on the Dollar: How Trump's Lies and Inflation Are Crashing the Economy" points out that President Donald Trump's tariffs are a lie because they are collected from American importers, not foreign nations, shifting the cost directly to U.S. companies and consumers.
• The 2018 steel tariffs caused domestic prices to surge by 10% to 15%, making manufacturers raise prices on goods like cars and appliances, with job losses in steel-using industries far exceeding gains and costing consumers over $800,000 per job created.
• A manufactured crisis with Iran, including a potential Strait of Hormuz blockade, threatens to quadruple oil and gas prices, raising costs for everything from gasoline to food and heating, accelerating inflation.
• The Federal Reserve's deeply negative real interest rates – nominal rates minus inflation – are "pouring gasoline on the fire," encouraging borrowing and spending rather than fighting inflation, especially amid supply shocks.
• Ordinary Americans are being squeezed with $800 to $1,200 in hidden annual tariff costs, hitting lower-income households hardest, and the only protection is to opt out of fiat currency and invest in gold and silver, which hold value against endless money printing.

The book "The War on the Dollar: How Trump's Lies and Inflation Are Crashing the Economy" warns that the United States is hurtling toward an economic cataclysm, but the warning signs have been deliberately hidden from those who will suffer most.

While the mainstream media fixates on political theater, the foundation of American prosperity is being systematically dismantled. The truth – as revealed through careful analysis of trade policy, energy strategy and monetary manipulation – paints a devastating picture of an engineered collapse that will leave working families paying the ultimate price.

Consider the tariffs that politicians promised would punish foreign nations. President Donald Trump repeatedly claimed that China was "paying billions" in tariffs – but this was a lie. Tariffs are collected from American importers at the border, not from foreign exporters.

When a U.S. company brings in goods from overseas, it must pay a fee to the U.S. government based on the value of that shipment. That company then raises its prices to cover the added cost. As Peter Schiff pointed out when his own food manufacturing company had to pay a $300,000 tariff on a machine from Italy: "I thought the foreigners were gonna pay this. Why am I paying?"

The steel tariffs of 2018 provide a perfect case study. When Trump slapped a 25% tariff on foreign steel, domestic steel prices shot up by 10% to 15% almost overnight. American manufacturers who rely on steel suddenly faced much higher costs. They had to raise prices on cars, appliances, construction materials – everything.

The net effect was devastating: Job losses in industries that use steel far outweighed any jobs gained in steel production. A study found that the cost to consumers was estimated at over $800,000 per job created. That's not protecting American workers – it's squeezing them.

Real assets or ruin: Why gold and silver are your only escape

The war with Iran has accelerated this destruction. The Strait of Hormuz is just 30 miles wide, yet through it passes roughly one-fifth of the world's oil. A blockade could quadruple oil and gas prices.

Higher oil prices mean higher gasoline prices, but the damage goes deeper. Every product that travels by truck, train or plane gets more expensive. Food prices rise, heating costs climb and inflation gets a steady boost from manufactured crises.

The Federal Reserve finds itself trapped. Real interest rates – the nominal Fed funds rate minus inflation – have been deeply negative for extended periods. When real rates are negative, borrowing is encouraged, spending is stimulated and inflation stays higher than it needs to be.

The Fed claims it's fighting inflation, but its own policy is pouring gasoline on the fire. As one energy economics paper noted, "Interest rates are not a good way to assess the stance of monetary policy when there is a supply shock."

The cost to working families is staggering. Studies have shown that tariff costs added between $800 and $1,200 to annual household expenditures. For a family making $50,000 a year, that's a huge chunk of their budget.

Lower-income households spend a larger share of their income on goods, so these hidden taxes hit them hardest. The money that would have gone into a savings account for a child's education or a family vacation now just goes to cover the higher prices caused by government interference in trade.

The ultimate protection lies in understanding that the system is rigged against ordinary Americans. Gold and silver are the only money that cannot be printed by central banks. They have no counter-party risk.

As the dollar continues its long-term decline due to endless money printing and reckless fiscal policy, these honest forms of money will hold their value. The war on the dollar is real, and it is being waged by the very policies of the government that issues it. The only winning strategy is to opt out of the fiat currency system and into real assets that cannot be destroyed by the corrupt institutions that have betrayed the public trust.

Grab a copy of "The War on the Dollar: How Trump's Lies and Inflation Are Crashing the Economy" via this link. Discover this book and other good reads at Books.BrightLearn.AI, with thousands of books and counting – all available to freely download, read and share. The decentralized BrightLearn.AI engine also lets readers create their own books, empowering them to share insights and truths with the world.

Watch Peter Schiff explaining why war will trigger inflation and the dollar's demise in this edition of the "Health Ranger Report."

This video is from the Health Ranger Report channel on Brighteon.com.

Sources include:

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