The weekend brought a flurry of political and economic developments centered around President Donald Trump's policy moves, and not everyone is thrilled about them.

Foreign Policy as Economic Risk

Economist Peter Schiff isn't buying the idea that Trump's recent foreign policy rhetoric is just political theater. According to Schiff, these moves could actually be accelerating the nation's sovereign debt and currency crisis. So much for distraction tactics.

Credit Card Cap Controversy

Trump's proposal to cap credit card interest rates at 10% managed to unite critics from opposite ends of the political spectrum. Sen. Bernie Sanders (I-Vt.) called the move "unacceptable," proving that even populist-sounding policies can generate bipartisan backlash when the details matter.

Venezuela Oil Reality Check

Treasury Secretary Scott Bessent delivered an awkward contradiction to Trump's assurances about Venezuela. Despite presidential claims, major oil companies are apparently "not interested" in investing there. That's a significant disconnect between White House messaging and industry reality.

Machado's Privatization Vision

The U.S. military operation in Venezuela has spotlighted opposition leader María Corina Machado's ambitious $1.7 trillion plan to privatize state assets and revive the country's struggling economy. It's a massive proposal that could reshape Venezuela's economic landscape.

Inflation Blame Game

Schiff also pushed back on Trump's inflation narrative, attributing the 9.1% year-over-year inflation spike in June 2022 to fiscal and monetary policies enacted before Biden took office. The economist argues that Trump and GOP deficit spending set the stage for that inflationary surge.