Peter Schiff has urged people to stop using the US dollar. As more and more countries step up their efforts to reduce their reliance on the US and the US dollar.
“The dollar’s reserve currency position is in jeopardy. The same is true for Americans’ living standards that depend on such currency. The best action you can take to mitigate your personal losses is to discontinue holding dollars and dollar-denominated financial assets,” he emphasized.
Schiff has mentionedarticleThis highlights the growing efforts of countries in Southeast Asia and the Middle East. Especially Saudi Arabia and ASEAN countries that willreducedependence on the dollar
Schiff has posted several warnings about the state of the US economy. and the devaluation of the US dollar by which he warned “Prepare for the biggest economic disaster in history,” underscoring that we are on the cusp of an even bigger financial crisis.
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