Economist Peter Schiff, who rose to prominence by predicting the 2008 financial crisis, when the subprime market blew up from the housing bubble, is once again warning of a looming crisis, as the Gold and Silver rallied after crashing on Friday. Peter Schiff is warning of a crisis of such magnitude that it will make the 2008 crisis look like a 'Sunday school picnic'.&nbsp;"Gold and silver are warning about a bigger crisis that's gonna hit either later this year or maybe next year. We are headed for a US dollar crisis and a sovereign debt crisis," Schiff said Tuesday in a Fox Business show, "The Claman Countdown."He said that the Central Banks are stocking up on Gold to back their currencies and getting rid of Dollars and US Treasuries. He said that the world is pulling the rug beneath the US. "We are headed for an economic crisis, again, that will make the 2008 financial crisis look like a Sunday school picnic." He said that the key difference this time will be the US all by itself.When asked what the problem is, “central banks hoarding gold” or a “looming government shutdown”, he said that there are a lot of problems, but instead of the government shutdown, “government will continue to operate” is the major problem. Peter Schiff, a renowned conservative economist, said that Trump is trying to sell the idea that the US economy is the hottest in the world; on the contrary, it is the “coldest” economy in the world and deserves an “F”. He said that we will see the blow up by the end of end of 2026, or by 2027.&nbsp;

<blockquote class="twitter-tweet" data-media-max-width="560">Peter Schiff, who gained fame for accurately predicting the 2008 financial crisis: The world is now pulling the rug out from under the US. The dollar is going to collapse. The dollar is going to be replaced by gold. Central banks are buying gold… they’re getting rid of… <a href="https://t.co/Spp0JWLlhk">pic.twitter.com/Spp0JWLlhk</a>&mdash; Clash Report (@clashreport) <a href="https://twitter.com/clashreport/status/2016768237183062424?ref_src=twsrc%5Etfw">January 29, 2026</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

&nbsp;Pschiff criticised the “Big Beautiful Bill”, calling it a “nail in the coffin” as it increased the spending. He added that the election of Trump made the process of decline faster, “Trump is going around antagonising the world” by putting more tariffs. The US national debt is $38.6 trillion, and Trump has a history of several high-profile bankruptcies. Pschiff suggested that Trump has the whole economy backwards. He further added that it does not matter that Trump backed away from invading Greenland; the important thing is that he “put it out there that he was considering it”, displaying the US military might, which it only possesses because the rest of the world finances it. He said that the “World economy does not work because of us, our economy works because of the world. We have a dysfunctional consumer-based credit economy that rests on the foundation of the US dollar reserve currency status."&nbsp;

Gold and silver are flashing warning signs of a massive US dollar and debt crisis, economist Peter Schiff says, blaming rising debt, tariffs and global distrust.

Economist Peter Schiff, who rose to prominence by predicting the 2008 financial crisis, when the subprime market blew up from the housing bubble, is once again warning of a looming crisis, as the Gold and Silver rallied after crashing on Friday. Peter Schiff is warning of a crisis of such magnitude that it will make the 2008 crisis look like a 'Sunday school picnic'. "Gold and silver are warning about a bigger crisis that's gonna hit either later this year or maybe next year. We are headed for a US dollar crisis and a sovereign debt crisis," Schiff said Tuesday in a Fox Business show, "The Claman Countdown." He said that the Central Banks are stocking up on Gold to back their currencies and getting rid of Dollars and US Treasuries. He said that the world is pulling the rug beneath the US. "We are headed for an economic crisis, again, that will make the 2008 financial crisis look like a Sunday school picnic." He said that the key difference this time will be the US all by itself. When asked what the problem is, “central banks hoarding gold” or a “looming government shutdown”, he said that there are a lot of problems, but instead of the government shutdown, “government will continue to operate” is the major problem. Peter Schiff, a renowned conservative economist, said that Trump is trying to sell the idea that the US economy is the hottest in the world; on the contrary, it is the “coldest” economy in the world and deserves an “F”. He said that we will see the blow up by the end of end of 2026, or by 2027.

Gold and silver are flashing warning signs of a massive US dollar and debt crisis, economist Peter Schiff says, blaming rising debt, tariffs and global distrust.

US economist Peter Schiff says US dollar crisis will eclipse 2008 financial meltdown

peter-schiff

Peter Schiff, News on Peter Schiff, stories on Peter Schiff, articles on Peter Schiff, Peter Schiff stories at Wion, Peter Schiff news, Peter Schiff latest news

peter schiff

US economist Peter Schiff says US dollar crisis will eclipse 2008 financial meltdown