The dollar had already been under pressure lately. Trump’s reckless economic policies have frightened investors, although not Wall St., yet:

Economist Peter Schiff issued a stark warning on October 26, 2025, about an imminent dollar crisis amid surging gold prices, predicting that gold could reach at least $20,000 per ounce. This alert highlights escalating concerns over U.S. currency devaluation, driven by recent economic pressures that Schiff argues are accelerating beyond prior forecasts.

Peter Schiff had previously predicted the stock market crash in 2007.