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Investor shares his take on the de-dollarization narrative. 'Down for the count': Peter Schiff urges Americans to get ready for a 'major dollar decline' — predicts end of the greenback as global ...
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Schiff's warnings of a coming economic collapse earned him the moniker "Dr. Doom", [15] [41] [42] [43] A YouTube fan video, "Peter Schiff was right," became popular in late 2008 and 2009. [ 44 ] [ 45 ] It contained a compilation of his appearances on various financial TV news programs between 2005 and 2007.
Schiff is predicting a phenomenon known as “de-dollarization” — when countries shift away from the greenback as a reserve currency, medium of exchange or unit of account.
As before, Schiff's cautionary stance sharply contrasts with the optimistic predictions of cryptocurrency bulls. For instance, Ark Invest’s Cathie Wood has predicted that the price of Bitcoin ...
Pessimism porn. Pessimism porn is a neologism used to describe the alleged eschatological and survivalist thrill some people derive from pessimistic behavior, specifically predicting, reading and fantasizing about societal collapse through means such as the destruction of the world's economic system. The term was coined in 2009 during the Great ...
The earlier edit using "Nobel prize winning" in preface to Krugman's claim that Schiff and his Austrian economic view was wrong seemed to violate WP:NPOV in giving undue weight to Krugman's assertion that Schiff, and by extension the Austrian school, is wrong. As Krugman describes himself as a Keynesian and Schiff describes himself as an ...
Schiff sees a golden opportunity in the face of "de-dollarization." Peter Schiff is predicting a 'major dollar decline’ but Janet Yellen has said it won't be easy to 'get around' the greenback ...