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While 2024 is shaping up to be a year of optimism and growth for Bitcoin, economist Peter Schiff, has a stark warning for its investors. “Attention Bitcoin #HODLers.
Gold-bug Peter Schiff fully admits he would ‘be a lot richer’ had he invested all his money in the ‘Magnificent 7’ a decade ago Bethan Moorcraft April 20, 2024 at 7:16 AM
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 ...
Schiff's warnings of a coming economic collapse earned him the moniker "Dr. Doom", but later articles in Business Week and other business news journals reported that Schiff "more or less accurately" predicted the financial crisis of 2007–2010 while the "easiest criticism of macroeconomists is that nearly all failed to foresee the recession ...
Schiff is also 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.
In America, headline inflation has subsided. In February 2024, the U.S. consumer price index saw an annual increase of 3.2%, down from its peak 9.1% increase registered in June 2022.
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Schiff in 1980. Irwin Allen Schiff (/ ʃ ɪ f /; February 23, 1928 – October 16, 2015) was an American libertarian and tax resistance advocate known for writing and promoting literature in which he argued that the way in which the income tax in the United States is enforced upon individuals as a tax on one's time or wages, is illegal and unconstitutional.
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