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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.
“I think what’s going to happen is the world’s going to reject the dollar like we rejected gold [in 1971] — and it’s going to go back on the gold standard,” Schiff predicted.
Peter David Schiff (/ ʃ ɪ f /; born March 23, 1963; nicknamed "Dr. Doom") is an American stockbroker, financial commentator, and radio personality. He co-founded Echelon Wealth Partners in Canada (formerly Euro Pacific Canada). [5]
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.
Crash Proof: How to Profit From the Coming Economic Collapse is an investment book by American investment broker, Peter Schiff. Description. The book, published in 2007, just before the 2008 financial crisis predicted an imminent decline in the value of the American dollar and advised investment in foreign securities and precious metals.
256. ISBN. 047052670X. How an Economy Grows and Why it Crashes (2010) is an illustrated book on various economic topics by Peter Schiff and Andrew Schiff. The book allegorically explores such topics as inflation, deficit spending, central banking, international trade, and the housing bubble and credit collapse of 2008.
Schiff, who said in June 2023 that his “net worth is a lot more than $80 million,” would fit within the Fed’s top 1% definition for Q4 2023 — but unlike some of his wealthy peers, the ...
Will 1970s-style inflation make a comeback? Peter Schiff blasts Biden's 'reckless fiscal policy,' predicts double-digit inflation in 2025 — and he says it could even be in excess of 20%.
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