Economist Peter Schiff: U.S. Entering Financial Crisis; Dollar Collapse
- Feb 7
- 1 min read
Date: February 7, 2026
Source: Hal Turner
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.
