Economist Peter Schiff has warned that the United States is on the brink of a financial crisis more severe than the 2008 downturn. Schiff, known for his bearish economic outlooks, suggests that current economic indicators point towards an impending collapse that could surpass the previous financial crisis in scale and impact. He has been vocal about his concerns regarding the U.S. economy's vulnerabilities, emphasizing the potential for significant market disruptions this year.