Peter Schiff's Doomsday Alert: Dollar Crash Incoming – Brace for the Biggest Economic Meltdown Ever! 😱💥

Peter Schiff, the gold guru and crypto critic, just dropped a bombshell warning on December 26, 2025, urging everyone to "prepare for a historic economic collapse" as the US dollar's dominance crumbles. In his latest post, Schiff paints a grim picture: "King dollar’s reign is coming to an end. Gold will take the throne as the primary central bank reserve asset. That means the U.S. dollar will crash against other fiat currencies, and America’s free ride on the global gravy train will end." This isn't new territory for Schiff – he's been sounding alarms on dollar debasement and Fed policies for years, predicting collapses tied to reckless spending and inflation spikes. Back in 2023, he called the unfolding financial crisis "inevitable" after COVID-era stimulus, and in 2024, he warned of a dollar bust accelerating US trade deficits. Fast-forward to now, with DXY dipping to 94 amid Fed cuts and tariff tensions, his words hit harder than ever. 🌐🩸

The core fear? Central banks ditching dollars for gold as reserves, with BRICS nations like China and Russia leading the charge by hoarding 5,500 tonnes and controlling half of global production. This shift could trigger massive capital outflows from US assets, spiking yields to 4% and tanking stocks 10-15% in a liquidity crunch. Crypto takes a double hit – Schiff's long been anti-Bitcoin, calling it a "bubble," and a dollar crash could initially flush BTC below $80K before rebounding as a hedge. Stocks like Nvidia (down 4% yesterday on AI jitters) could suffer if funding dries up, while defensives like utilities (up 1.2%) shine. Emerging markets glow brighter, with India's Nifty up 0.5% on dollar weakness pulling inflows 10%. Tariff ghosts add fuel – Trump's 60% hits on China risk 0.5% inflation pops, pausing Fed easing and deepening the pain. 😤📉

But is this doomsday real or just Schiff's gold-pumping playbook? His track record mixes hits (predicting 2008 crash) with misses (overly bearish on stocks post-2020), but with debt servicing eating budgets and carry trades unwinding from BoJ's 0.75% hike, the setup's eerie. Silver's $66 highs on industrial EV booms widen deficits to 220 million ounces, adding hedge punch – perhaps Schiff's right to stack hard assets amid the storm. Crypto HODLers brace for $70K tests, but Fed's QT $1T flood buffers for resilient rebounds. This warning's a wake-up call – diversify into EM like STI's 25% YTD on bank yields, or go all-in on gold's $4,503 record for 15% more upside to $5,000 in 2026. The collapse clock's ticking – what's your survival strategy? 🛡️🍀

Schiff's Past Collapse Calls Snapshot Table

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