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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]
“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.
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.
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 ...
Peter David Schiff (pronounced /ˈʃɪf/; born March 23, 1963) an American author, businessman, economist, financial commentator, video blogger, and a 2010 candidate for the United States Senate. Schiff is a periodic guest on financial news television and is a host and guest on internet radio.--.
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Schiff set up his contentious post by pointing out that mortgage rates hit a record 18.45% in 1981. What caused that monumental number in the eighties? Runaway inflation, he says.
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