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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%.
t. e. The United States fiscal cliff refers to the combined effect of several previously-enacted laws that came into effect simultaneously in January 2013, increasing taxes and decreasing spending. The Bush tax cuts of 2001 and 2003, which had been extended for two years by the 2010 Tax Relief Act, were scheduled to expire on December 31, 2012.
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 [the dollar is] going to be knocked off its pedestal,” Schiff said on the podcast. “I think it’s going to lose its status as the reserve currency.”
A YouTube fan video, "Peter Schiff was right," became popular in late 2008 and 2009. It contained a compilation of his appearances on various financial TV news programs between 2005 and 2007. Depending on the point at which they adopted his strategies, followers of Schiff may have had strong, average or poor returns.
's channel on YouTube Free State Project A Libertarian Testing Ground magazine article 42°59′23″N 71°27′48″W / 42.9897°N 71.4634°W / 42.9897; -7
Economist Peter Schiff has warned Americans to get ready for “a major dollar decline.” The genesis of his gloomy outlook for the greenback will come as no surprise to those who understand ...
In a recent post on X, conservative economist and financial commentator Peter Schiff accused the president of forgiving another $1.2 billion in student loans to “buy votes” ahead of the ...