Dollar on the Brink? Schiff Claims Only End to Reserve Role Can Save It

Peter Schiff has warned that the U.S. dollar is heading for a sharp decline, claiming the only solution to America’s growing trade deficit is to end its role as the world’s reserve currency.

In a series of posts on X, he criticized U.S. fiscal policies and dismissed tariff strategies. Arguing that countries like China are moving away from supporting the dollar. Schiff also said inflation will erode the dollar’s purchasing power. Pushing Americans to spend quickly.

He criticized Fed Chair Jerome Powell’s recent comments as evidence the central bank is trapped—unable to raise or cut interest rates without worsening inflation or triggering a crisis.

Clever Robot News Desk 8^th May 2025