Peter Schiff Explained

Peter Schiff
Birth Name:Peter David Schiff
Birth Date:23 March 1962
Birth Place:New Haven, Connecticut, U.S.
Alma Mater:University of California, Berkeley (BS)
Occupation:Stock broker, financial commentator, radio personality, author
Subject:Business
Investing
Economics
Personal finance
Spouse:Lauren Schiff[1]
Children:3
Parent:Irwin Schiff (father)

Peter David Schiff (; born March 23, 1963; nicknamed "Dr. Doom")[2] [3] is an American stockbroker, financial commentator, and radio personality. He co-founded Echelon Wealth Partners in Canada (formerly Euro Pacific Canada).[4] He is involved in other financial services companies including Euro Pacific Asset Management, as an independent investment advisor,[5] and Schiff Gold (formerly Euro Pacific Precious Metals).[6] He predicted the 2008 financial crisis.[7]

Personal life

Schiff was born to a middle-class Jewish family[8] in New Haven, Connecticut. His father, Irwin Schiff, who was the son of Jewish immigrants from Poland, served in the US Army during World War II. Schiff's parents divorced when he was young and he moved around the country with his mother and his brother, Andrew, from Connecticut to Manhattan to Florida and finally to Southern California. Peter Schiff credits his father for introducing him to the Austrian School of economic thought.[9]

Irwin Schiff was a prominent figure in the US tax protester movement. He died in federal prison in October 2015 while he was serving a sentence of at least 13 years for tax evasion.[10] [11] Peter Schiff did not share his father's radical stance and by 1980, had urged him to stop his tax protest activities which he saw as "futile resistance". He later stated that while he had come to find his father's intellectual case "compelling", he was disinclined to follow his methods and his "idealism". Schiff commented, "The problem with my father is that he's not practical. He was always going to lose".[12] On October 20, 2015, four days after the death of his father, Schiff accused the Federal Bureau of Prisons of inhumanely treating his father and not allowing the usual humanitarian release.[13]

Business career

Schiff began his career as a stockbroker at a Shearson Lehman Brothers brokerage in the early 1990s.[14]

In 1996, Schiff and a partner acquired an inactive brokerage firm and renamed it Euro Pacific Capital, and began operating it from a small office in Los Angeles.[15] They relocated the firm to Darien, Connecticut, in 2005,[16] and later to Westport, Connecticut, where it is currently headquartered with branch offices across the US in Scottsdale, Arizona; Boca Raton, Florida; Newport Beach and Manhattan Beach, California; and New York City.[17] Schiff sold Euro Pacific Capital, which is now called Alliance Global Partners.[18]

Schiff founded Euro Pacific Bank, a full reserve banking operation originally in St. Vincent and the Grenadines.[19]

Investigation and lawsuit

On June 30, 2022, the Puerto Rico Office of the Commissioner of Financial Institutions (OCIF) announced they had suspended the operations of Schiff's Puerto Rico-based Euro Pacific International Bank, which was suspected of having facilitated money laundering and tax evasion. The Commissioner stated that it had found numerous violations of its regulations and that the bank had "not wanted to comply". Regulators liquidated the bank, and Schiff paid $300,000 in fines.[20] [21]

Schiff claimed that the OCIF actions were due to allegations made by 60 Minutes Australia and The Age newspaper, saying, "There was no way those allegations were true, but once those stories broke, the bank's business imploded."[22] In 2022 Schiff filed a civil action against the Nine Network and The Age newspaper for defamation over the 60 Minutes Australia interview and subsequent Age articles.[23] Later in 2022, an Australian judge ruled that 60 Minutes had defamed Schiff but The Age had not.

By December 2023, the civil action was settled. Schiff was paid $360,000, and the respondents removed all versions of the 60 Minutes broadcast.

Schiff has stated that he lost millions of dollars due to the investigation.

Economic and public policy views

Financial crisis forecast

In an August 2006 interview, Schiff said, "The United States is like the Titanic and I am here with the lifeboat trying to get people to leave the ship.... I see a real financial crisis coming for the United States."[24] On December 31, 2006, in a telecast debate on Fox News, Schiff forecast that "what's going to happen in 2007 is that real estate prices," which had peaked in December 2005,[25] "are going to come crashing back down to Earth."

In his 2007 book Crash Proof, Schiff wrote that US economic policies were fundamentally unsound. Since then he has said many times that without a change in US government economic policy, there will be hyperinflation[26] [27] and that the imbalance between the number of goods the US consumed and what it produced would eventually lead to problems for the US economy. As a remedy, he favored increased personal savings and production to stimulate economic growth.[28] Schiff cited the US's low personal savings rate as one of the causes of its transformation from the world's largest creditor nation in the 1970s to the largest debtor nation in 2000.[29] He attributed the low savings rate to what he asserts are high inflation and artificially low interest rates set by the Federal Reserve.[30]

In 2008 and 2010 appearances on Fox News and financial news network CNBC, Schiff mentioned factors such as speculation and "the absence of lending standards"[31] [32] as factors that had contributed to the housing crisis, which began in 2007.

On December 13, 2007, in an interview on the Bloomberg TV show "Open Exchange," Schiff added that he felt that the crisis would extend to the credit card lending industry, and he called consumer credit "a cancer on the free-market economy." Schiff said that interest rates would rise, that the dollar would "collapse," and that all classes of dollar-denominated assets would fall in value relative to non-US assets. He predicted "a huge crisis" and "the blow-up of credit card finance" in 2008, with the result that consumer credit card spending limits would be "slashed" by card issuers. He added that Americans would no longer be able to make purchases using their credit card lines. This prediction went unrealized. Referring to the housing market, Schiff went on to criticize the policy of the Bush administration to "vilify and threaten the lenders" for reckless borrowing.[33]

In a March 2009 speech, Schiff said that it would be impossible for the US public debt to China to be repaid unless the US dollar's value is substantially diluted through inflation. In September 2009, with gold below $1,000 per ounce, Schiff said that he foresaw gold at over $5,000 per ounce in the future, and that the stock market rally which began that year was a "rally in a bear market."[34]

Taxation

In March 2011, Schiff stated that a national sales tax should replace both personal and corporate income taxes, as he believes that the latter discourages work as opposed to a consumption tax. His second choice is a flat tax rate, which would abolish all deductions including the very popular home mortgage tax deduction, as he believes that the state should not subsidize buying homes as opposed to renting.[35]

Medicare

In August 2012, Schiff criticized Paul Ryan's Path to Prosperity by saying that it is "too little, too late." Referring to Ryan's plan to reform Medicare, Schiff said, "Why would we want to preserve it? It's a Ponzi scheme... What we really need is real Medicare cuts today for people who are already on the system."[36]

Bitcoin

Schiff is a vocal Bitcoin sceptic. At times he has remarked that he sees Bitcoin as resembling the tulip mania bubble.[37]

On January 19, 2020, Schiff claimed that his Bitcoin wallet got 'corrupted' and that he had therefore lost all the bitcoin he ever owned, through no fault of his own. "My wallet got corrupted somehow and my password is no longer valid. So now not only is my Bitcoin intrinsically worthless; it has no market value either. I knew owning Bitcoin was a bad idea, I just never realized it was this bad."[38] This claim turned out to be false as later explained by Erik Voorhees, as he confirmed that he had, indeed, helped Schiff to set up his Bitcoin wallet, and wrote that Schiff "forgot (the) pw, and never recorded (his recovery) phrase". "If I gave him an ounce of gold and he dropped it on the sidewalk would he similarly condemn the precious metal as a foolish monetary system?"[39] [40]

Responses

Schiff's warnings of a coming economic collapse earned him the moniker "Dr. Doom",[15] [41] [42] 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 despite plenty of warning signs."[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.

Depending on the point at which they adopted his strategies, followers of Schiff may have had strong, average or poor returns. In January 2009, economic blogger and investment adviser Michael Shedlock wrote, "I have talked with many who claim they have invested with Schiff and are down anywhere from 40% to 70% in 2008."[46] Later that week, an article appeared in The Wall Street Journal reporting that Schiff's broker-dealer firm had "advised its clients to bet that the dollar would weaken significantly and that foreign stocks would outpace their U.S. peers" but the dollar later advanced against most currencies, "magnifying the losses from foreign stocks."[47] In response to Shedlock's criticism, Schiff wrote that "to examine the effectiveness of my investment strategy immediately following a major correction by looking only at those accounts who adopted the strategy at the previous peak is unfair and distortive."[48] [49] [50] [51] In December 2012 Schiff wrote an article entitled "Mish Shedlock exposed" in which he criticized Shedlock for selective use of short-term data in the financial crisis and argued that his investment strategy had made strong returns over the long-run.[52]

Schiff's views have been criticized several times by economist Paul Krugman, who defines inflation very differently from Schiff, focusing on CPI increases rather than monetary and asset price inflation. Schiff believes inflation eventually leads to increases in consumer prices after an indefinite waiting period. In October 2010, Krugman wrote, "I keep being told that Peter Schiff has been right about everything; so, how's that hyperinflation thing going?"[53] In December 2011, Krugman quoted Peter Schiff's statement from December 2009: "I know inflation is going to get worse in 2010. Whether it's going to run out of control or it's going to take until 2011 or 2012, but I know we're going to have a major currency crisis coming soon. It's going to dwarf the financial crisis and it's going to send consumer prices absolutely ballistic, as well as interest rates and unemployment." Krugman noted that inflation had instead remained low and concluded that Schiff's type of economic "model is all wrong" since it predicts that a tripling of the monetary base, such as had just occurred, must lead to "dire effects on the price level."[54]

In January 2012, Schiff stated that a US debt crisis and high consumer price inflation had been delayed merely by government policy.[55] In November 2012 and again in November 2014, Krugman repeated his criticisms of Schiff's predictions of eventual high consumer price inflation and rising interest rates in America.[56] [57]

In November 2008, Schiff said he supported the reduction of government economic regulation and was concerned that the Obama administration might instead increase such regulation.[58] He said that the late-2000s financial crisis provided an opportunity to transition from borrowing and spending to saving and producing. He was critical of the US government's efforts to "ease the pain" with economic stimulus packages and bailout, as he believed that replacing "legitimate savings with a printing press" would result in asset price inflation, eventual consumer price inflation, and if left unchecked potentially hyperinflation.[59]

For example, in 2009, Schiff predicted a "protracted period of economic decline accompanied by rapid increases in consumer prices." Schiff's critics pointed out that although asset price inflation has been significant, consumer price inflation rates remained very low in the five years that followed despite his predictions.[60]

When the Fed ended the quantitative easing program in October 2014, the general opinion was the Fed would conduct multiple rate hikes in the year 2015. In contrast, Schiff predicted that the market could not withstand even a minor interest rate increase, thus the Fed announcing a higher rate would be very unlikely. However, he did open up the possibility of a few basis point rate hike but anticipated that it would have major impact on the equity market and would lead the US into recession, therefore the Fed would be forced to reverse its policy and resume the QE program.[61]

Political career

2008 Ron Paul presidential campaign

Schiff was an economic adviser to Ron Paul's 2008 presidential campaign.[62]

2010 US Senate campaign

See main article: United States Senate election in Connecticut, 2010.

In December 2008, some Connecticut citizens created a website encouraging Schiff to campaign against incumbent senator Christopher Dodd.[63] [64] Approximately 5,000 people made campaign contributions using the website.[63] On February 21, 2009, a moneybomb raised over $20,000 for Schiff's campaign.[65]

In a May 2009 video blog, Schiff said that he was seriously considering a run for the US Senate, and when questioned by a Washington Post reporter, he said the chance of him entering politics was "better than 50-50."[66] In June 2009, Schiff commissioned a poll of likely voters which indicated that he trailed Dodd in popularity by only four percentage points.[67] On July 9, 2009, Schiff launched an exploratory committee and an official campaign website.[63]

After giving some hints he would run on The Daily Show,[68] Schiff officially announced his candidacy for the Republican nomination on September 17, 2009, during the MSNBC Morning Joe show.[69] [70] By October 2009, Schiff had received more than 10,000 donations and many e-mails from around the world.[63] Schiff's campaign received endorsements from Ron Paul and Steve Forbes.[71] [72]

At the May 2010 Republican convention, Linda McMahon received the most delegate votes but not enough to prevent an August primary election challenge from Rob Simmons. Schiff failed to qualify for the primary at the convention but became the only Republican candidate to successfully petition to be placed on the ballot.[73] McMahon won the primary with 49% of the vote. Simmons came in second with 28% of the vote, and Schiff came in third with 23% of the vote.[74]

The general election was won by the Democratic Party primary winner, Richard Blumenthal.[75]

Other endorsements

In April 2008, Schiff endorsed Murray Sabrin for the U.S. Senate seat in New Jersey.[76]

Schiff did not endorse McMahon in the 2012 Republican primary but rather her opponent, former representative Christopher Shays.[77] Shays lost in the primary to McMahon,[78] who lost in the general election to Democrat Chris Murphy.

Media career

Radio

Prior to the financial crisis, Schiff frequently appeared on CNBC, Fox News and Bloomberg to voice his opinions on the US economy and financial markets. However, after the financial crisis, his bookings dropped by 75 to 85% on these networks.[79]

In August 2012, Schiff replaced G. Gordon Liddy in the 10 a.m.–12 p.m. time slot on the Radio America network Internet broadcast.[80]

Webcast

Schiff is also a video blogger in the internet and distributes his media through YouTube,[81] Euro Pacific Capital,[82] and iTunes.He has appeared four[83] times as a guest on Joe Rogan's YouTube series and podcast.[84]

Television

Schiff has been a commentator on CNBC and Fox Business.[85]

Books

External links

Notes and References

  1. News: About Peter Schiff. Schiff Radio. November 22, 2014. https://web.archive.org/web/20150108213448/http://schiffradio.com/about-peter/. January 8, 2015. live.
  2. News: 'Dr. Doom' Zeroes in on Inflation . February 22, 2008 . . Worden . Nat . December 16, 2023 . March 6, 2023 . https://web.archive.org/web/20230306203052/https://www.thestreet.com/opinion/dr-doom-zeroes-in-on-inflation-10404530 . live .
  3. News: 'Dr. Doom' Peter Schiff Goes off the Air . August 5, 2014 . . Weiss . Vered . December 16, 2023 . December 7, 2023 . https://web.archive.org/web/20231207061242/https://jewishbusinessnews.com/2014/08/05/dr-doom-peter-schiff-goes-off-the-air/ . live .
  4. Web site: Echelon Wealth Partners website . December 7, 2023 . July 2, 2023 . https://web.archive.org/web/20230702211716/https://www.echelonpartners.com/ . live .
  5. Web site: The Company. Euro Pacific Asset Management. October 4, 2020. October 10, 2020. https://web.archive.org/web/20201010074455/https://europacificfunds.com/about/. live.
  6. Web site: About SchiffGold . April 16, 2015 . October 4, 2020 . October 8, 2020 . https://web.archive.org/web/20201008034120/https://schiffgold.com/about/ . live .
  7. News: Folkenflik . David . December 4, 2008 . The Man Who Predicted The Economic Meltdown . . March 6, 2023 . March 6, 2023 . https://web.archive.org/web/20230306203050/https://www.npr.org/2008/12/04/97801606/the-man-who-predicted-the-economic-meltdown . live .
  8. Web site: Dougherty . Michael . Dr. Doom Runs for Senate . . October 1, 2009 . June 28, 2024 . https://web.archive.org/web/20150402105738/http://www.theamericanconservative.com/articles/dr-doom-runs-for-senate/ . April 2, 2015 . live.
  9. Web site: Swanson. Tim. Interview with Peter Schiff. Ludwig von Mises Institute. April 21, 2008. April 11, 2010. https://web.archive.org/web/20150626233232/https://mises.org/blog/interview-peter-schiff. June 26, 2015. live.
  10. News: Anti-Tax Advocate Receives 13 Years. February 25, 2006. The New York Times. July 23, 2013. https://web.archive.org/web/20170927000324/http://www.nytimes.com/2006/02/25/business/antitax-advocate-receives-13-years.html. September 27, 2017. live.
  11. Peter Schiff Announces Bid for US Senate. September 17, 2009. Peter Schiff for Senate 2010. November 17, 2009. dead. https://web.archive.org/web/20150626111724/http://schiffforsenate.com/?q=news%2Fpeter-schiff-announces-bid-us-senate. June 26, 2015. mdy-all.
  12. Irwin Schiff, Fervent Opponent of Federal Income Taxes, Dies at 87. Hevesi. Dennis. The New York Times. October 19, 2015. July 4, 2022. July 5, 2022. https://web.archive.org/web/20220705191712/https://www.nytimes.com/2015/10/20/business/yourtaxes/irwin-schiff-fervent-opponent-of-federal-income-taxes-dies-at-87.html. live.
  13. Tax Protester Irwin Dies in Prison at 87. Gattoni-Celli, Luca. Tax Notes Today. October 2015. 2015 TNT 202–4.
  14. http://www.europac.net/members/peter_schiff Europac.net – Peter Schiff
  15. News: O'Keefe. Brian. Oh, he saw it coming. Fortune. January 23, 2009. April 14, 2010. https://web.archive.org/web/20100413100457/http://money.cnn.com/2009/01/20/magazines/fortune/okeefe_schiff.fortune/index.htm. April 13, 2010. live.
  16. http://www.tmcnet.com/usubmit/2006/08/06/1774568.htm
  17. Web site: Company Profile – Euro Pacific Capital. March 27, 2018. www.europac.com. July 21, 2018. https://web.archive.org/web/20180721132542/http://www.europac.com/about/company_profile#block-views-branch_offices-block_1. July 21, 2018. live.
  18. Web site: Alliance Global Partners www.allianceg.com . December 7, 2023 . December 7, 2023 . https://web.archive.org/web/20231207180750/https://www.allianceg.com/ . live .
  19. Web site: Peter Schiff's Euro Pacific Bank Introduces a Silver Backed Debit Card – DGC Magazine . DGC Magazine . 16 August 2016 . 2 August 2018 . https://web.archive.org/web/20170212091304/http://dgcmagazine.com/peter-schiffs-euro-pac-bank-introduces-a-silver-backed-debit-card/ . February 12, 2017 . live .
  20. News: Puerto Rico suspends operations of bank amid global probe. AP News. June 30, 2022. Coto. Dánica. December 22, 2023. December 22, 2023. https://web.archive.org/web/20231222175049/https://apnews.com/article/caribbean-money-laundering-puerto-rico-san-juan-efb421edca78f0d477c665d346658373. live.
  21. Web site: Nick . McKenzie . Charlotte . Grieve . Tozer . Joel . 2020-10-18 . Westpac, mint, hundreds of Australians ensnared in global tax evasion probe . 2024-01-03 . The Age . en . December 6, 2023 . https://web.archive.org/web/20231206235440/https://www.theage.com.au/national/westpac-mint-hundreds-of-australians-ensnared-in-global-tax-evasion-probe-20201015-p565la.html . live .
  22. News: Robles . Frances . 9 August 2022 . Peter Schiff Has a Deal With Puerto Rico to Liquidate His Euro Pacific Bank, He Says . en-US . . live . https://web.archive.org/web/20231229032633/https://www.nytimes.com/2022/08/09/business/euro-pacific-peter-schiff.html . 29 December 2023 . 4 October 2022.
  23. Web site: Goldstein . Matthew . 1 December 2023 . Australian Media Company to Pay Peter Schiff to End Defamation Suit . live . https://web.archive.org/web/20231208120430/https://www.nytimes.com/2023/12/01/business/peter-schiff-defamation-settlement-nine.html . 8 December 2023 . 8 December 2023 . The New York Times.
  24. Web site: Expansion Continues – Euro Pacific Capital. europac.net . September 28, 2012 . https://web.archive.org/web/20111202210014/http://www.europac.net/press_release/expansion_continues . December 2, 2011 . live.
  25. Book: Reinhart. Carmen M.. Carmen Reinhart. Rogoff. Kenneth S.. Kenneth Rogoff. 2009. This Time Is Different: Eight Centuries of Financial Folly. New Jersey. Princeton University Press. 978-0-691-14216-6. 160 (see table 10.8).
  26. Book: Schiff. Peter D.. Downes. John. Crash Proof: How to Profit from the Coming Economic Collapse. John Wiley & Sons. 2007. New Jersey. 978-0-470-04360-8.
  27. Book: Schiff, Peter. Crash Proof 2.0. 2009. John Wiley & Sons. 978-0-470-47453-2. 316.
  28. Crash Proof 2.0, p. 7
  29. Crash Proof 2.0, p. 76
  30. Crash Proof 2.0, p. 39
  31. Web site: Wallison. PeterJ.. What Got Us Here?. Aei.org. December 9, 2008. May 1, 2010. https://web.archive.org/web/20090418152548/http://www.aei.org/publications/filter.all,pubID.29047/pub_detail.asp. April 18, 2009. live.
  32. Web site: This American Life . NPR – The Giant Pool of Money . Pri.org . May 1, 2010 . dead . https://web.archive.org/web/20100415153017/http://www.pri.org/business/giant-pool-of-money.html . April 15, 2010.
  33. Web site: Peter Schiff's accurate forecast of credit card market trouble . May 14, 2012 . dead . https://web.archive.org/web/20110629083542/http://video.google.com/videoplay?docid=-5786330387747098530 . June 29, 2011 .
  34. Web site: Peter Schiff: U.S. Stock Rally And Dollar Doomed, Gold Going To $5,000. Business Insider, Inc.. Business Insider. September 25, 2009. March 6, 2014. Blodget, Henry. https://web.archive.org/web/20141117052519/http://www.businessinsider.com/henry-blodget-peter-schiff-us-stock-rally-and-dollar-doomed-gold-going-to-5000-2009-9. November 17, 2014. live.
  35. News: Peter Schiff: The US Should Abolish Corporate And Personal Income Taxes. Peter Gorenstein. Business Insider. March 28, 2011. September 27, 2012. https://web.archive.org/web/20130501035913/http://www.businessinsider.com/peter-schiff-us-should-abolish-corporate-and-personal-income-taxes-2011-3. May 1, 2013. live.
  36. News: Schiff: Ryan Budget Doesn't Go Far Enough. Fox Business Network. August 14, 2012. September 28, 2012. https://web.archive.org/web/20120831170339/http://video.foxbusiness.com/v/1784922130001/schiff-ryan-budget-doesnt-go-far-enough#sp=show-clips. August 31, 2012. live.
  37. News: Alex Rosenberg. Bitcoin is tulip mania 2.0 – not gold 2.0: Schiff. December 12, 2014. CNBC Futures Now. CNBC LLC. November 12, 2013. https://web.archive.org/web/20140902111626/https://www.cnbc.com/id/101192216. September 2, 2014. live.
  38. I just lost all the #Bitcoin I have ever owned. My wallet got corrupted somehow and my password is no longer valid. So now not only is my Bitcoin intrinsically worthless; it has no market value either. I knew owning Bitcoin was a bad idea, I just never realized it was this bad!. January 19, 2020. peterschiff. 1218911797626847234. Schiff. Peter. April 13, 2021.
  39. Here's what happened: after debate in 2018, we went to dinner. Peter had never used bitcoin before (!) I helped him set up wallet on his phone (Edge or BRD?), told him to secure it if he ever held significant value on it, gave him $50. He forgot pw, and never recorded phrase.. erikvoorhees. 1219046141028982784. Voorhees. Erik. January 19, 2020. April 13, 2021.
  40. Web site: 2020-01-20. Peter Schiff: Lost Bitcoin Password Claims are 'Fake News'. 2021-04-13. Finance Magnates. en. April 13, 2021. https://web.archive.org/web/20210413102149/https://www.financemagnates.com/cryptocurrency/news/peter-schiff-lost-bitcoin-password-claims-are-fake-news/. live.
  41. Peter Schiff. February 20, 2009. Peter Schiff was right 2006–2007 – CNBC edition. Flash. Television production (clip compilation). April 14, 2010. https://web.archive.org/web/20090827200225/http://www.youtube.com/watch?v=Z0YTY5TWtmU. August 27, 2009. live.
  42. Peter Schiff. November 2, 2008. Peter Schiff Was Right 2006–2007 (2nd Edition). Flash. Television production (clip compilation). April 14, 2010. https://web.archive.org/web/20110708060317/http://peterschiffchannel.blogspot.com/2011/02/peter-schiff-was-right-2006-2007-cnbc.html. July 8, 2011. live.
  43. Web site: What Good Are Economists Anyway?. Coy. Peter. June 2009. Bloomberg News. April 22, 2010. https://web.archive.org/web/20150721202139/http://www.bloomberg.com/bw/stories/2009-04-15/what-good-are-economists-anyway. July 21, 2015. live.
  44. News: Task. Aaron. 'Crisis Only Just Beginning': Right About the Crash, Peter Schiff Sees More Pain Ahead. Yahoo! Finance. November 24, 2008. April 14, 2010. https://web.archive.org/web/20110428095723/http://finance.yahoo.com/tech-ticker/article/134633/%27Crisis-Only-Just-Beginning%27-Right-About-the-Crash-Peter-Schiff-Sees-More-Pain-Ahead?tickers=%5Edji,%5Egspc,%5Eixic,SPY,DIA,QQQQ,GLD. April 28, 2011. live.
  45. News: Pressler. Jessica. Financial Pundit Peter Schiff Launches Senate Run. New York Magazine. September 17, 2009. April 16, 2010. https://web.archive.org/web/20090922195726/http://nymag.com/daily/intel/2009/09/doomsdaying_economist_peter_sc.html. September 22, 2009. live.
  46. Web site: Shedlock. Michael. Peter Schiff Was Wrong. January 25, 2009. May 21, 2010. https://web.archive.org/web/20100207120243/http://globaleconomicanalysis.blogspot.com/2009/01/peter-schiff-was-wrong.html. February 7, 2010. live.
  47. News: Patterson. Scott. Slater. Joanna. Karmin. Craig. Right Forecast by Schiff, Wrong Plan?. January 30, 2009. The Wall Street Journal. subscription. August 8, 2017. https://web.archive.org/web/20170827172840/https://www.wsj.com/articles/SB123327685671031439. August 27, 2017. live.
  48. Shinkle, Kirk. Peter Schiff Responds, U.S. News, January 30, 2009. Retrieved September 5, 2009.
  49. News: Task. Aaron. Peter Schiff: Why I'm Right and My Critics Are All Wrong. Yahoo! Finance Tech Ticker. February 6, 2009. https://web.archive.org/web/20090208114425/http://finance.yahoo.com/tech-ticker/article/169961/Peter-Schiff-Why-I'm-Right-and-My-Critics-Are-All-Wrong?tickers=%5Edji,%5Egspc,QQQQ,SPY,DIA,SHV,UDN. 2009-02-08. May 21, 2010. dead.
  50. News: Schiff. Peter. Our Investing Plan Is Right, if Slightly Ahead of the Times. The Wall Street Journal. February 10, 2009. https://web.archive.org/web/20160805103414/http://www.wsj.com/articles/SB123423701044366741. August 5, 2016. live.
  51. News: Right Forecast by Schiff, Wrong Plan?. Scott Patterson, Joanna Slater and Craig Karmin. The Wall Street Journal. January 30, 2009.
  52. Web site: Peter Schiff: Mish Shedlock Exposed | Market Playground . 2012-12-17 . dead . https://web.archive.org/web/20121216114434/http://marketplayground.com/2012/12/11/peter-schiff-mish-shedlock-exposed/ . December 16, 2012 . mdy-all .
  53. News: Math, Models, and Mystification. Paul Krugman. The New York Times. October 4, 2010. February 7, 2017. https://web.archive.org/web/20170927000246/https://krugman.blogs.nytimes.com/2010/10/04/math-models-and-mystification/. September 27, 2017. live.
  54. News: Inflation Predictions. Paul Krugman. Paul Krugman. December 15, 2011. The Conscience of a Liberal. NYTimes.com. April 21, 2012. https://web.archive.org/web/20120424145112/http://krugman.blogs.nytimes.com/2011/12/15/inflation-predictions/. April 24, 2012. live.
  55. Web site: Blodget. Henry. Peter Schiff: The Debt-And-Inflation Crisis Is Taking Longer Than I Thought, But We're Still In Trouble. Daily Ticker. January 3, 2012 . Yahoo Finance. September 26, 2012. https://web.archive.org/web/20120520000051/http://finance.yahoo.com/blogs/daily-ticker/peter-schiff-debt-inflation-crisis-taking-longer-thought-170901661.html. May 20, 2012. live.
  56. News: Varieties of Error. Paul Krugman. The New York Times. November 29, 2012. February 7, 2017. https://web.archive.org/web/20170912184922/https://krugman.blogs.nytimes.com/2012/11/29/varieties-of-error/. September 12, 2017. live.
  57. News: The Wisdom of Peter Schiff. Paul Krugman. The New York Times. November 22, 2014. February 7, 2017. https://web.archive.org/web/20170926191019/https://krugman.blogs.nytimes.com/2014/11/22/the-wisdom-of-peter-schiff/. September 26, 2017. live.
  58. Web site: The Reagan Counterrevolution – Euro Pacific Capital. europac.net. November 15, 2008. https://web.archive.org/web/20100512102612/http://www.europac.net/externalframeset.asp?from=home&id=14566. May 12, 2010. dead.
  59. 5 November 2008. Wall Street Unspun. 2008-11-05.
  60. Vinik. Danny. Inflation Paranoia Will Never Die, No Matter What the Evidence Says. The New Republic. November 20, 2014. June 23, 2015. https://web.archive.org/web/20150921213611/http://www.newrepublic.com/article/120354/peter-schiff-my-inflation-prediction-was-correct-stats-are-lying. September 21, 2015. live.
  61. News: Schiff. Peter. CNBC Futures Now. Jul 16, 2015. February 27, 2016. September 29, 2023. https://web.archive.org/web/20230929044235/https://www.youtube.com/watch?v=Q_bghdJx87A/. live.
  62. News: Peter Schiff Named Economic Advisor to the Ron Paul 2008 Presidential Campaign. Reuters.com Online News. Reuters. January 25, 2008. October 8, 2008. dead. https://web.archive.org/web/20081015103047/http://www.reuters.com/article/pressRelease/idUS255917+25-Jan-2008+BW20080125. October 15, 2008. mdy-all.
  63. News: Hard-Core Free-Marketeer A Conversation With Peter Schiff: Investor, Critic, Candidate. Ahran. Frank. October 4, 2009. Outlook & Opinions. October 3, 2009. https://web.archive.org/web/20121108214645/http://www.washingtonpost.com/wp-dyn/content/article/2009/10/01/AR2009100103890.html. November 8, 2012. live.
  64. Web site: Peter Schiff for Connecticut Senator 2010. https://web.archive.org/web/20090116075818/http://schiff2010.com/. dead. January 16, 2009.
  65. Web site: Peter Schiff Money Bomb a Success!. Dailypaul.com. May 14, 2012. dead. https://web.archive.org/web/20090225101139/http://www.dailypaul.com/node/83752. February 25, 2009. mdy-all.
  66. News: Analyst Who Predicted Meltdown Leaning Towards Challenging Chris Dodd. theplumline.whorunsgov.com. May 26, 2009. May 29, 2009. https://web.archive.org/web/20090530180811/http://theplumline.whorunsgov.com/economy/analyst-who-predicted-meltdown-leaning-towards-challening-chris-dodd/. May 30, 2009. dead.
  67. Wilson Research Strategies. Survey: Peter Schiff Competitive With Chris Dodd, Rob Simmons. July 1, 2009. November 17, 2009. https://web.archive.org/web/20100105220325/http://www.w-r-s.com/blog/2009/07/01/survey-peter-schiff-can-be-competitive-with-chris-dodd-rob-simmons/. January 5, 2010. dead.
  68. News: Cadei. Emily. Schiff Discusses Potential Dodd Challenge on Daily Show. Congressional Quarterly. June 10, 2009. February 5, 2010. dead. https://web.archive.org/web/20100420011050/http://blogs.cqpolitics.com/eyeon2010/2009/06/investor-and-financial-comment.html. April 20, 2010. mdy-all.
  69. Peter Schiff, Joe Scarborough (host). September 17, 2009. Peter Schiff formally announces his candidacy for U.S. Senate. Flash. Television production. MSNBC. New York City. https://web.archive.org/web/20130814182142/http://www.youtube.com/watch?v=usVyfMyitHc. 2013-08-14. dead. April 11, 2010.
  70. Peter Schiff. September 17, 2009. It's official, I'm in.. Flash. Video blog. SchiffReport. September 20, 2009. https://web.archive.org/web/20101022164007/http://www.youtube.com//watch?v=Lm4Ya-LRuu0. October 22, 2010. live.
  71. Web site: Ron Paul Endorses Peter Schiff and Rick Torres. ronpaul.com. December 15, 2012. https://web.archive.org/web/20130731024833/http://www.ronpaul.com/2010-07-29/ron-paul-endorses-peter-schiff-and-rick-torres/. July 31, 2013. live.
  72. Web site: Peter Schiff snags a big-name endorsement. courant.com. July 31, 2010. https://archive.today/20120708075021/http://blogs.courant.com/capitol_watch/2010/07/peter-schiff-snags-a-bigname-e.html. July 8, 2012. dead.
  73. Web site: Lauretti to petition, potentially forcing 7-way GOP primary. May 13, 2018. The CT Mirror. 13 May 2018. https://web.archive.org/web/20180513202505/https://ctmirror.org/2018/05/13/lauretti-petition-potentially-forcing-7-way-gop-primary/. May 13, 2018. live.
  74. Web site: McMahon sweeps to victory in GOP Senate race. Neil Vigdor and Brian Lockhart. Connecticut Post. August 11, 2010. August 11, 2010. https://web.archive.org/web/20100817041113/http://www.ctpost.com/news/article/McMahon-sweeps-to-victory-in-GOP-Senate-race-610694.php. August 17, 2010. live.
  75. News: Democrat Blumenthal wins Conn. Senate seat. The Washington Post. November 3, 2010. September 8, 2017. https://web.archive.org/web/20180919140222/http://www.washingtonpost.com/wp-dyn/content/video/2010/11/02/VI2010110208394.html. September 19, 2018. live.
  76. News: Paul stumps for Sabrin in Newark. PolitickerNJ.com. April 28, 2008. October 17, 2008. https://web.archive.org/web/20080708210558/http://politickernj.com/matt-friedman/19118/paul-stumps-sabrin-newark. July 8, 2008. live.
  77. Web site: Peter Schiff Endorses Chris Shays for Senate. Wilton, Connecticut Patch. May 4, 2012. October 26, 2012. https://web.archive.org/web/20120518194059/http://wilton.patch.com/articles/peter-schiff-endorses-chris-shays-for-senate-397627d5. May 18, 2012. live.
  78. News: Linda E. McMahon Wins Connecticut Senate Primary. The New York Times. August 14, 2012. Michael M.. Grynbaum. February 7, 2017. https://web.archive.org/web/20170129112753/http://www.nytimes.com/2012/08/15/nyregion/linda-e-mcmahon-wins-connecticut-senate-primary.html. January 29, 2017. live.
  79. News: Why We Should Listen to Peter Schiff's Bad News. Justin Fox. Time. June 1, 2009. December 1, 2014. https://web.archive.org/web/20141221184712/http://content.time.com/time/magazine/article/0,9171,1900233,00.html. December 21, 2014. live.
  80. http://rbr.com/g-gordon-liddy-retiring-peter-schiff-replacing/ Radio America press release
  81. Web site: Schiff. Peter. SchiffReport. Youtube. 4 September 2016. https://web.archive.org/web/20150719145439/https://www.youtube.com/user/SchiffReport. July 19, 2015. live.
  82. Web site: Multimedia. Schiff. Peter. Euro Pacific Capital. 4 September 2016. https://web.archive.org/web/20150717051149/http://www.europac.com/media. July 17, 2015. live.
  83. Web site: Joe Rogan Experience #1508. Peter Schiff. Youtube. July 15, 2020. July 17, 2020. https://web.archive.org/web/20200717005400/https://www.youtube.com/watch?v=OK2zgeJLVwU. live.
  84. Web site: Joe Rogan Experience #1002. Peter Schiff. August 23, 2017. PowerfulJRE – YouTube. August 26, 2017. September 29, 2023. https://web.archive.org/web/20230929044238/https://www.youtube.com/watch?v=by1OgqQQANg&t=8055s. live.
  85. Web site: Forget patience, QE4 is coming: Peter Schiff. Amanda. Diaz. CNBC. March 17, 2015. September 10, 2017. https://web.archive.org/web/20150630222123/https://www.cnbc.com/id/102512859. June 30, 2015. live.

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