Posted 12/2/2023, 8:00:50 PM
Schiff Predicts Historic Crash for US Dollar Amid BRICS Push to Limit Reliance
- Economist Peter Schiff predicts a "historic crash" for the US dollar amid BRICS de-dollarization efforts
- Schiff took to platform X, formerly Twitter, to share his views on the dollar's impending fate
- He described the coming events as a "game changer" for the US economy that will send inflation, interest rates, and unemployment soaring
- The statement comes as the US dollar is heading towards its worst month of 2023 with a 3.7% loss against major currencies
- The BRICS bloc has been promoting use of local currencies and developing an alternative currency to decrease reliance on the US dollar globally