Schiff Predicts Complete Sovereign Debt Meltdown Before Interest Hits 100% Tax Revenue

What was said

"We will have a complete meltdown, a sovereign debt crisis, a US dollar crisis. Before we get there, which means that crisis is not too far off."

Schiff forecast an imminent US sovereign debt and dollar crisis, arguing the trajectory of interest payments consuming all tax revenue is mathematically inevitable and will trigger collapse before reaching 100%. He stated the crisis timeline is now measured in years, not decades, as debt servicing costs accelerate exponentially.