Economist Peter Schiff: U.S. Entering Financial Crisis; Dollar Collapse

Economist Peter Schiff: U.S. Entering Financial Crisis; Dollar Collapse

The well-known economist Peter Schiff made a series of statements that went viral on the X platform.

"The dollar will collapse. The dollar will be replaced by gold. We are heading towards an economic crisis that will make the 2008 financial crisis look like a Sunday school picnic."

Key points:

Global central banks are massively selling US Treasury bonds and actively buying gold.

The upcoming crisis will be worse than in 2008, but focused on the US: a dollar collapse, a sovereign debt crisis, a fall in living standards in America.

The rest of the world will benefit (led by BRICS: China, Russia, India, new members... who are accumulating gold and diversifying).

The dollar index is falling to historic lows, and 2026 promises to be a year of major upheaval.

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