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Schiff predicted an imminent recession off the back of a U.S. Treasurys crash. Is Schiff on to something? Well, maybe. According to Schiff, a Treasurys crash will According to Schiff, the US dollar is on the verge of a historic crash, and there will be no soft landing for the economy. Instead, Schiff predicts a “crash and burn” Schiff’s grim forecast for the U.S. dollar leads him to favor an alternative as a store of value: gold. “Gold rose today to close above $2,500 for the 2nd consecutive week Recognized economist, Peter Schiff, has made a bold prediction of an unprecedented crash of the US dollar, in light of the de-dollarization efforts by the BRICS Amid de-dollarization efforts employed by the BRICS alliance, well-known economist Peter Schiff has predicted a historic crash for the US dollar. Indeed, Schiff took to X, formerly Twitter, to

BRICS De-Dollarization: Peter Schiff Predicts Historic Crash for US Dollar

Recognized economist, Peter Schiff, has made a bold prediction of an unprecedented crash of the US dollar, in light of the de-dollarization efforts by the BRICS alliance. Amid de-dollarization efforts employed by the BRICS alliance, well-known economist Peter Schiff has predicted a historic crash for the US dollar. Indeed, Schiff took to X, formerly Twitter, to voice his concerns.

According to Schiff, the US dollar is on the verge of a historic crash, and there will be no soft landing for the economy. Instead, Schiff predicts a “crash and burn.”

Is Schiff Right About a Dollar Crash?

Schiff predicted an imminent recession off the back of a U.S. Treasurys crash. Is Schiff on to something? Well, maybe. According to Schiff, a Treasurys crash will significantly impact the dollar\'s value.

Schiff\'s Alternative: Gold

Schiff’s grim forecast for the U.S. dollar leads him to favor an alternative as a store of value: gold. “Gold rose today to close above $2,500 for the 2nd consecutive week," Schiff noted, emphasizing his belief in gold\'s resilience during economic turmoil.

BRICS and the Future of the Dollar

The BRICS nations\' push to reduce reliance on the US dollar in international trade is undoubtedly adding pressure. Schiff\'s warnings serve as a stark reminder of the potential consequences if de-dollarization gains significant traction. Investors are urged to carefully consider the potential risks and rewards in this evolving global financial landscape.

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