Peter Schiff, Chief Economist at Euro Pacific Capital, has consistently cautioned that a crash in the U.S. Treasurys market could lead to a US dollar collapse and undermine the American standard of living.

Schiff on US Dollar Collapse

Peter Schiff’s warning is particularly timely as the 10-year Treasury yield surged past 5% in October 2023, a level not seen since 2007.

Schiff argues that the Federal Reserve’s ability and willingness to generate digital dollars out of thin air pose significant dangers to the broader economy. 

In a recent social media statement, Schiff emphasized, “We are getting very close to a crash in Treasuries. That means the party will finally…

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