Peter Schiff Warns of US Economic Collapse Due to Dollar Crash and Inflationary Depression
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Economic Collapse Warning: Peter Schiff predicts a US economic collapse driven by a dollar crash, citing a $1.74 trillion budget deficit and over $37 trillion in national debt, which underscores serious concerns regarding US fiscal policy.
- Surge in Gold and Silver: Amid dollar weakness, gold and silver prices have surged as safe-haven assets, reflecting market anxiety about economic prospects and potentially prompting investors to reassess their asset allocation strategies.
- De-dollarization Trends: Schiff highlights post-2022 de-dollarization trends, particularly due to US asset freezes on Russia, which could undermine the dollar's reserve currency status and exacerbate global economic uncertainty.
- Increased Policy Pressure: As economic forecasts worsen, policymakers face heightened fiscal pressures, potentially necessitating measures to address looming inflation and sluggish economic growth.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
