Peter Schiff#Investigation, Exoneration, and Lawsuit
{{short description|Stock broker, radio personality, and author}}
{{use mdy dates|date=May 2016}}
{{Infobox writer
| name = Peter Schiff
| image = Peter Schiff by Gage Skidmore 3.jpg
| alt =
| caption = Schiff in 2016
| birth_name = Peter David Schiff
| birth_date = {{birth date and age|1962|03|23}}
| birth_place = New Haven, Connecticut, U.S.
| alma_mater = University of California, Berkeley (BS)
| occupation = Stock broker, financial commentator, radio personality, author
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| organization =
| salary =
| net_worth =
| term =
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| subject = Business
Investing
Economics
Personal finance
| party =
| partner =
| children = 3
| parent = Irwin Schiff (father)
| awards =
| website = {{URL|schiffradio.com}}
| footnotes =
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Peter David Schiff ({{IPAc-en|ʃ|ɪ|f}}; born March 23, 1963; nicknamed "Dr. Doom"){{cite news |url=https://www.thestreet.com/opinion/dr-doom-zeroes-in-on-inflation-10404530 |title='Dr. Doom' Zeroes in on Inflation |date=February 22, 2008 |work=TheStreet |last=Worden |first=Nat |access-date=December 16, 2023 |archive-date=March 6, 2023 |archive-url=https://web.archive.org/web/20230306203052/https://www.thestreet.com/opinion/dr-doom-zeroes-in-on-inflation-10404530 |url-status=live }}{{cite news |url=https://jewishbusinessnews.com/2014/08/05/dr-doom-peter-schiff-goes-off-the-air/ |title='Dr. Doom' Peter Schiff Goes off the Air |date=August 5, 2014 |website=Jewish Business News |last=Weiss |first=Vered |access-date=December 16, 2023 |archive-date=December 7, 2023 |archive-url=https://web.archive.org/web/20231207061242/https://jewishbusinessnews.com/2014/08/05/dr-doom-peter-schiff-goes-off-the-air/ |url-status=live }} is an American stockbroker, financial commentator, and radio personality. He co-founded Echelon Wealth Partners in Canada (formerly Euro Pacific Canada).{{Cite web |title=Echelon Wealth Partners website |url=https://www.echelonpartners.com/ |access-date=December 7, 2023 |archive-date=July 2, 2023 |archive-url=https://web.archive.org/web/20230702211716/https://www.echelonpartners.com/ |url-status=live }} He is involved in other financial services companies including Euro Pacific Asset Management, as an independent investment advisor,{{Cite web|url=https://europacificfunds.com/about/|title=The Company|publisher=Euro Pacific Asset Management|access-date=October 4, 2020|archive-date=October 10, 2020|archive-url=https://web.archive.org/web/20201010074455/https://europacificfunds.com/about/|url-status=live}} and Schiff Gold (formerly Euro Pacific Precious Metals).{{Cite web |url=https://schiffgold.com/about/ |title=About SchiffGold |date=April 16, 2015 |access-date=October 4, 2020 |archive-date=October 8, 2020 |archive-url=https://web.archive.org/web/20201008034120/https://schiffgold.com/about/ |url-status=live }} He has criticized US banking and credit practices.{{Cite news |last=Folkenflik |first=David |date=December 4, 2008 |title=The Man Who Predicted The Economic Meltdown |work=NPR |url=https://www.npr.org/2008/12/04/97801606/the-man-who-predicted-the-economic-meltdown |access-date=March 6, 2023 |archive-date=March 6, 2023 |archive-url=https://web.archive.org/web/20230306203050/https://www.npr.org/2008/12/04/97801606/the-man-who-predicted-the-economic-meltdown |url-status=live }}
Personal life
Schiff was born to a middle-class Jewish family{{Cite web|last=Dougherty |first=Michael |title=Dr. Doom Runs for Senate |publisher=The American Conservative |date=October 1, 2009 |url=https://www.theamericanconservative.com/dr-doom-runs-for-senate/ |access-date=June 28, 2024 |archive-url=https://web.archive.org/web/20150402105738/http://www.theamericanconservative.com/articles/dr-doom-runs-for-senate/ |archive-date=April 2, 2015 |url-status=live}} 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.{{Cite web|last=Swanson|first=Tim|title=Interview with Peter Schiff|publisher=Ludwig von Mises Institute|date=April 21, 2008|url=http://mises.org/blog/interview-peter-schiff|access-date=April 11, 2010|archive-url=https://web.archive.org/web/20150626233232/https://mises.org/blog/interview-peter-schiff|archive-date=June 26, 2015|url-status=live}}
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.{{Cite news|url=https://www.nytimes.com/2006/02/25/business/antitax-advocate-receives-13-years.html|title=Anti-Tax Advocate Receives 13 Years|date=February 25, 2006|work=The New York Times|access-date=July 23, 2013|archive-url=https://web.archive.org/web/20170927000324/http://www.nytimes.com/2006/02/25/business/antitax-advocate-receives-13-years.html|archive-date=September 27, 2017|url-status=live}}{{Cite press release|url=http://schiffforsenate.com/?q=news/peter-schiff-announces-bid-us-senate|title=Peter Schiff Announces Bid for US Senate|date=September 17, 2009|publisher=Peter Schiff for Senate 2010|access-date=November 17, 2009|url-status=dead|archive-url=https://web.archive.org/web/20150626111724/http://schiffforsenate.com/?q=news%2Fpeter-schiff-announces-bid-us-senate|archive-date=June 26, 2015|df=mdy-all}} 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".{{cite journal|title=Irwin Schiff, Fervent Opponent of Federal Income Taxes, Dies at 87|last1=Hevesi|first1=Dennis|journal=The New York Times|date=October 19, 2015|url=https://www.nytimes.com/2015/10/20/business/yourtaxes/irwin-schiff-fervent-opponent-of-federal-income-taxes-dies-at-87.html|access-date=July 4, 2022|archive-date=July 5, 2022|archive-url=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|url-status=live}} 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.{{cite journal|title=Tax Protester Irwin Dies in Prison at 87|author=Gattoni-Celli, Luca|journal=Tax Notes Today|date=October 2015|issue=2015 TNT 202–4}}
Business career
Schiff began his career as a stockbroker at a Shearson Lehman Brothers brokerage in the early 1990s.[http://www.europac.net/members/peter_schiff Europac.net – Peter Schiff] {{Webarchive|url=https://web.archive.org/web/20110806105628/http://www.europac.net/members/peter_schiff |date=August 6, 2011 }}. Retrieved November 3, 2010.
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.{{Cite news|last=O'Keefe|first=Brian|title=Oh, he saw it coming|newspaper=Fortune|date=January 23, 2009|url=https://money.cnn.com/2009/01/20/magazines/fortune/okeefe_schiff.fortune/index.htm|access-date=April 14, 2010|archive-url=https://web.archive.org/web/20100413100457/http://money.cnn.com/2009/01/20/magazines/fortune/okeefe_schiff.fortune/index.htm|archive-date=April 13, 2010|url-status=live}} They relocated the firm to Darien, Connecticut, in 2005,[http://www.tmcnet.com/usubmit/2006/08/06/1774568.htm] {{Webarchive|url=https://web.archive.org/web/20140201233508/http://www.tmcnet.com/usubmit/2006/08/06/1774568.htm|date=February 1, 2014}} "Prophet of Doom? Darien market bear says U.S. investors' ship is sinking," article by Julie Fishman-Lapin in The Advocate of Stamford, Business section, August 6, 2006, pp. F1, F6 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.{{cite web|url=http://www.europac.com/about/company_profile#block-views-branch_offices-block_1|title=Company Profile – Euro Pacific Capital|date=March 27, 2018|website=www.europac.com|access-date=July 21, 2018|archive-url=https://web.archive.org/web/20180721132542/http://www.europac.com/about/company_profile#block-views-branch_offices-block_1|archive-date=July 21, 2018|url-status=live}} Schiff sold Euro Pacific Capital, which is now called Alliance Global Partners.{{Cite web |title=Alliance Global Partners www.allianceg.com |url=https://www.allianceg.com/ |access-date=December 7, 2023 |archive-date=December 7, 2023 |archive-url=https://web.archive.org/web/20231207180750/https://www.allianceg.com/ |url-status=live }}
Schiff founded Euro Pacific Bank, a full reserve banking operation originally in St. Vincent and the Grenadines.{{cite web | title=Peter Schiff's Euro Pacific Bank Introduces a Silver Backed Debit Card – DGC Magazine | website=DGC Magazine | date=16 August 2016 | url=http://dgcmagazine.com/peter-schiffs-euro-pac-bank-introduces-a-silver-backed-debit-card/ | access-date=2 August 2018 | archive-url=https://web.archive.org/web/20170212091304/http://dgcmagazine.com/peter-schiffs-euro-pac-bank-introduces-a-silver-backed-debit-card/ | archive-date=February 12, 2017 | url-status=live }}
=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.{{Cite news|url=https://apnews.com/article/caribbean-money-laundering-puerto-rico-san-juan-efb421edca78f0d477c665d346658373|title=Puerto Rico suspends operations of bank amid global probe|newspaper=AP News|date=June 30, 2022|last1=Coto|first1=Dánica|access-date=December 22, 2023|archive-date=December 22, 2023|archive-url=https://web.archive.org/web/20231222175049/https://apnews.com/article/caribbean-money-laundering-puerto-rico-san-juan-efb421edca78f0d477c665d346658373|url-status=live}}{{Cite web |last1=Nick |first1=McKenzie |last2=Charlotte |first2=Grieve |last3=Tozer |first3=Joel |date=2020-10-18 |title=Westpac, mint, hundreds of Australians ensnared in global tax evasion probe |url=https://www.theage.com.au/national/westpac-mint-hundreds-of-australians-ensnared-in-global-tax-evasion-probe-20201015-p565la.html |access-date=2024-01-03 |website=The Age |language=en |archive-date=December 6, 2023 |archive-url=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 |url-status=live }}
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."{{Cite news |last=Robles |first=Frances |date=9 August 2022 |title=Peter Schiff Has a Deal With Puerto Rico to Liquidate His Euro Pacific Bank, He Says |language=en-US |website=The New York Times |url=https://www.nytimes.com/2022/08/09/business/euro-pacific-peter-schiff.html |url-status=live |archive-url=https://web.archive.org/web/20231229032633/https://www.nytimes.com/2022/08/09/business/euro-pacific-peter-schiff.html |archive-date=29 December 2023 |access-date=4 October 2022}} 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.{{Cite web |last=Goldstein |first=Matthew |date=1 December 2023 |title=Australian Media Company to Pay Peter Schiff to End Defamation Suit |url=https://www.nytimes.com/2023/12/01/business/peter-schiff-defamation-settlement-nine.html |url-status=live |archive-url=https://web.archive.org/web/20231208120430/https://www.nytimes.com/2023/12/01/business/peter-schiff-defamation-settlement-nine.html |archive-date=8 December 2023 |access-date=8 December 2023 |website=The New York Times}} 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
=2008 financial crisis=
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."{{cite web |url=http://www.europac.net/press_release/expansion_continues |title=Expansion Continues – Euro Pacific Capital|work=europac.net |access-date=September 28, 2012 |archive-url=https://web.archive.org/web/20111202210014/http://www.europac.net/press_release/expansion_continues |archive-date=December 2, 2011 |url-status=live}} 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,{{Cite book|last1=Reinhart|first1=Carmen M.|author-link1=Carmen Reinhart|last2=Rogoff|first2=Kenneth S.|author-link2=Kenneth Rogoff|year=2009|title=This Time Is Different: Eight Centuries of Financial Folly|location=New Jersey|publisher=Princeton University Press|isbn=978-0-691-14216-6|page=[https://archive.org/details/thistimeisdiffer00rein_0/page/160 160 (see table 10.8)]|url=https://archive.org/details/thistimeisdiffer00rein_0/page/160}} "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{{Cite book|last1=Schiff|first1=Peter D.|last2=Downes|first2=John|title=Crash Proof: How to Profit from the Coming Economic Collapse|publisher=John Wiley & Sons|year=2007|location=New Jersey|url=https://archive.org/details/crashproofhowtop00schi|isbn=978-0-470-04360-8}}{{Cite book|last=Schiff|first=Peter|title=Crash Proof 2.0|year=2009|publisher=John Wiley & Sons|isbn=978-0-470-47453-2|pages=316|url=https://books.google.com/books?id=c_pclvjkkTwC&pg=PA316}} 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.Crash Proof 2.0, p. 7 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.Crash Proof 2.0, p. 76 He attributed the low savings rate to what he asserts are high inflation and artificially low interest rates set by the Federal Reserve.Crash Proof 2.0, p. 39
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"{{Cite web|last=Wallison|first=PeterJ.|url=http://www.aei.org/publications/filter.all,pubID.29047/pub_detail.asp|title=What Got Us Here?|publisher=Aei.org|date=December 9, 2008|access-date=May 1, 2010|archive-url=https://web.archive.org/web/20090418152548/http://www.aei.org/publications/filter.all,pubID.29047/pub_detail.asp|archive-date=April 18, 2009|url-status=live}}{{Cite web|author=This American Life |url=http://www.pri.org/business/giant-pool-of-money.html |title=NPR – The Giant Pool of Money |publisher=Pri.org |date=May 1, 2010 |url-status=dead |archive-url=https://web.archive.org/web/20100415153017/http://www.pri.org/business/giant-pool-of-money.html |archive-date=April 15, 2010}} 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.{{Cite web|url=http://video.google.com/videoplay?docid=-5786330387747098530 |title=Peter Schiff's accurate forecast of credit card market trouble |access-date=May 14, 2012 |url-status=dead |archive-url=https://web.archive.org/web/20110629083542/http://video.google.com/videoplay?docid=-5786330387747098530 |archive-date=June 29, 2011 }}
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."{{Cite web|url=http://www.businessinsider.com/henry-blodget-peter-schiff-us-stock-rally-and-dollar-doomed-gold-going-to-5000-2009-9|title=Peter Schiff: U.S. Stock Rally And Dollar Doomed, Gold Going To $5,000|publisher=Business Insider, Inc.|work=Business Insider|date=September 25, 2009|access-date=March 6, 2014|author=Blodget, Henry|archive-url=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|archive-date=November 17, 2014|url-status=live}}
=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.{{Cite news|url=http://www.businessinsider.com/peter-schiff-us-should-abolish-corporate-and-personal-income-taxes-2011-3|title=Peter Schiff: The US Should Abolish Corporate And Personal Income Taxes|author=Peter Gorenstein|publisher=Business Insider|date=March 28, 2011|access-date=September 27, 2012|archive-url=https://web.archive.org/web/20130501035913/http://www.businessinsider.com/peter-schiff-us-should-abolish-corporate-and-personal-income-taxes-2011-3|archive-date=May 1, 2013|url-status=live}}
=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."{{Cite news|url=http://video.foxbusiness.com/v/1784922130001/schiff-ryan-budget-doesnt-go-far-enough/#sp=show-clips|title=Schiff: Ryan Budget Doesn't Go Far Enough|publisher=Fox Business Network|date=August 14, 2012|access-date=September 28, 2012|archive-url=https://web.archive.org/web/20120831170339/http://video.foxbusiness.com/v/1784922130001/schiff-ryan-budget-doesnt-go-far-enough#sp=show-clips|archive-date=August 31, 2012|url-status=live}}
=Bitcoin=
Schiff is a vocal Bitcoin sceptic. At times he has remarked that he sees Bitcoin as resembling the tulip mania bubble.{{Cite news|author1=Alex Rosenberg|title=Bitcoin is tulip mania 2.0 – not gold 2.0: Schiff|url=https://www.cnbc.com/2013/11/12/peter-schiff-calls-bitcoin-bubble-tulip-mania-20.html|access-date=December 12, 2014|work=CNBC Futures Now|publisher=CNBC LLC|date=November 12, 2013|archive-url=https://web.archive.org/web/20140902111626/https://www.cnbc.com/id/101192216|archive-date=September 2, 2014|url-status=live}}
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."{{Cite tweet|title=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!|date=January 19, 2020|user=peterschiff|number=1218911797626847234|last=Schiff|first=Peter|access-date=April 13, 2021}} This claim was said 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?"{{Cite tweet|title=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.|user=erikvoorhees|number=1219046141028982784|last=Voorhees|first=Erik|date=January 19, 2020|access-date=April 13, 2021}}{{Cite web|date=2020-01-20|title=Peter Schiff: Lost Bitcoin Password Claims are 'Fake News'|url=https://www.financemagnates.com/cryptocurrency/news/peter-schiff-lost-bitcoin-password-claims-are-fake-news/|access-date=2021-04-13|website=Finance Magnates|language=en|archive-date=April 13, 2021|archive-url=https://web.archive.org/web/20210413102149/https://www.financemagnates.com/cryptocurrency/news/peter-schiff-lost-bitcoin-password-claims-are-fake-news/|url-status=live}}
=Responses=
Schiff's warnings of a coming economic collapse earned him the moniker "Dr. Doom",{{Cite AV media|people=Peter Schiff|date=February 20, 2009|title=Peter Schiff was right 2006–2007 – CNBC edition|url=https://www.youtube.com/watch?v=Z0YTY5TWtmU|format=Flash|medium=Television production (clip compilation)|access-date=April 14, 2010|archive-url=https://web.archive.org/web/20090827200225/http://www.youtube.com/watch?v=Z0YTY5TWtmU|archive-date=August 27, 2009|url-status=live}}{{Cite AV media|people=Peter Schiff|date=November 2, 2008|title=Peter Schiff Was Right 2006–2007 (2nd Edition)|url=http://peterschiffchannel.blogspot.com/2011/02/peter-schiff-was-right-2006-2007-cnbc.html|format=Flash|medium=Television production (clip compilation)|access-date=April 14, 2010|archive-url=https://web.archive.org/web/20110708060317/http://peterschiffchannel.blogspot.com/2011/02/peter-schiff-was-right-2006-2007-cnbc.html|archive-date=July 8, 2011|url-status=live}}{{Cite web|url=https://www.bloomberg.com/bw/stories/2009-04-15/what-good-are-economists-anyway|title=What Good Are Economists Anyway?|last=Coy|first=Peter|date=June 2009|publisher=Bloomberg News|access-date=April 22, 2010|archive-url=https://web.archive.org/web/20150721202139/http://www.bloomberg.com/bw/stories/2009-04-15/what-good-are-economists-anyway|archive-date=July 21, 2015|url-status=live}}
A YouTube fan video, "Peter Schiff was right," became popular in late 2008 and 2009.{{Cite news|last=Task|first=Aaron|title='Crisis Only Just Beginning': Right About the Crash, Peter Schiff Sees More Pain Ahead|newspaper=Yahoo! Finance|date=November 24, 2008|url=https://finance.yahoo.com/tech-ticker/article/134633/%27Crisis-Only-Just-Beginning%27-Right-About-the-Crash-Peter-Schiff-Sees-More-Pain-Ahead?tickers=^dji,^gspc,^ixic,SPY,DIA,QQQQ,GLD|access-date=April 14, 2010|archive-url=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|archive-date=April 28, 2011|url-status=live}}{{Cite news|last=Pressler|first=Jessica|title=Financial Pundit Peter Schiff Launches Senate Run|newspaper=New York Magazine|date=September 17, 2009|url=https://nymag.com/daily/intel/2009/09/doomsdaying_economist_peter_sc.html|access-date=April 16, 2010|archive-url=https://web.archive.org/web/20090922195726/http://nymag.com/daily/intel/2009/09/doomsdaying_economist_peter_sc.html|archive-date=September 22, 2009|url-status=live}} 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."{{Cite web|last=Shedlock|first=Michael|title=Peter Schiff Was Wrong|date=January 25, 2009|url=http://globaleconomicanalysis.blogspot.com/2009/01/peter-schiff-was-wrong.html|access-date=May 21, 2010|archive-url=https://web.archive.org/web/20100207120243/http://globaleconomicanalysis.blogspot.com/2009/01/peter-schiff-was-wrong.html|archive-date=February 7, 2010|url-status=live}} 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."{{Cite news|last1=Patterson|first1=Scott|last2=Slater|first2=Joanna|last3=Karmin|first3=Craig|title=Right Forecast by Schiff, Wrong Plan?|date=January 30, 2009|work=The Wall Street Journal|url=https://www.wsj.com/articles/SB123327685671031439|url-access=subscription|access-date=August 8, 2017|archive-url=https://web.archive.org/web/20170827172840/https://www.wsj.com/articles/SB123327685671031439|archive-date=August 27, 2017|url-status=live}} 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."Shinkle, Kirk. [https://www.usnews.com/blogs/the-ticker/2009/01/30/peter-schiff-responds.html Peter Schiff Responds] {{Webarchive|url=https://web.archive.org/web/20090506001950/http://www.usnews.com/blogs/the-ticker/2009/01/30/peter-schiff-responds.html |date=May 6, 2009 }}, U.S. News, January 30, 2009. Retrieved September 5, 2009.
{{Cite news|last=Task|first=Aaron|title=Peter Schiff: Why I'm Right and My Critics Are All Wrong|newspaper=Yahoo! Finance Tech Ticker|date=February 6, 2009|url=https://finance.yahoo.com/tech-ticker/article/169961/Peter-Schiff-Why-I%27m-Right-and-My-Critics-Are-All-Wrong?tickers=^dji,^gspc,QQQQ,SPY,DIA,SHV,UDN
|archive-url=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|archive-date=2009-02-08|access-date=May 21, 2010|url-status=dead}}{{Cite news|last=Schiff|first=Peter|title=Our Investing Plan Is Right, if Slightly Ahead of the Times|newspaper=The Wall Street Journal|date=February 10, 2009|url=https://www.wsj.com/articles/SB123423701044366741|archive-url=https://web.archive.org/web/20160805103414/http://www.wsj.com/articles/SB123423701044366741|archive-date=August 5, 2016|url-status=live}}{{Cite news|url=https://online.wsj.com/news/articles/SB123327685671031439?mod=googlenews_wsj&mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB123327685671031439.html%3Fmod%3Dgooglenews_wsj|title=Right Forecast by Schiff, Wrong Plan?|author=Scott Patterson, Joanna Slater and Craig Karmin|publisher=The Wall Street Journal|date=January 30, 2009}} 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 2008 financial crisis and argued that his investment strategy had made strong returns over the long-run.{{cite web |url=http://marketplayground.com/2012/12/11/peter-schiff-mish-shedlock-exposed/ |title=Peter Schiff: Mish Shedlock Exposed | Market Playground |access-date=2012-12-17 |url-status=dead |archive-url=https://web.archive.org/web/20121216114434/http://marketplayground.com/2012/12/11/peter-schiff-mish-shedlock-exposed/ |archive-date=December 16, 2012 |df=mdy-all }}
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?"{{Cite news|url=https://krugman.blogs.nytimes.com/2010/10/04/math-models-and-mystification|title=Math, Models, and Mystification|author=Paul Krugman|work=The New York Times|date=October 4, 2010|access-date=February 7, 2017|archive-url=https://web.archive.org/web/20170927000246/https://krugman.blogs.nytimes.com/2010/10/04/math-models-and-mystification/|archive-date=September 27, 2017|url-status=live}} 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."{{Cite news|url=https://krugman.blogs.nytimes.com/2011/12/15/inflation-predictions/|title=Inflation Predictions|author=Paul Krugman|author-link=Paul Krugman|date=December 15, 2011|work=The Conscience of a Liberal|publisher=NYTimes.com|access-date=April 21, 2012|archive-url=https://web.archive.org/web/20120424145112/http://krugman.blogs.nytimes.com/2011/12/15/inflation-predictions/|archive-date=April 24, 2012|url-status=live}}
In January 2012, Schiff stated that a US debt crisis and high consumer price inflation had been delayed merely by government policy.{{Cite web|last=Blodget|first=Henry|title=Peter Schiff: The Debt-And-Inflation Crisis Is Taking Longer Than I Thought, But We're Still In Trouble|url=https://finance.yahoo.com/blogs/daily-ticker/peter-schiff-debt-inflation-crisis-taking-longer-thought-170901661.html|work=Daily Ticker|date=January 3, 2012 |publisher=Yahoo Finance|access-date=September 26, 2012|archive-url=https://web.archive.org/web/20120520000051/http://finance.yahoo.com/blogs/daily-ticker/peter-schiff-debt-inflation-crisis-taking-longer-thought-170901661.html|archive-date=May 20, 2012|url-status=live}} 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.{{Cite news|url=https://krugman.blogs.nytimes.com/2012/11/29/varieties-of-error|title=Varieties of Error|author=Paul Krugman|work=The New York Times|date=November 29, 2012|access-date=February 7, 2017|archive-url=https://web.archive.org/web/20170912184922/https://krugman.blogs.nytimes.com/2012/11/29/varieties-of-error/|archive-date=September 12, 2017|url-status=live}}{{Cite news|url=https://krugman.blogs.nytimes.com/2014/11/22/the-wisdom-of-peter-schiff|title=The Wisdom of Peter Schiff|author=Paul Krugman|work=The New York Times|date=November 22, 2014|access-date=February 7, 2017|archive-url=https://web.archive.org/web/20170926191019/https://krugman.blogs.nytimes.com/2014/11/22/the-wisdom-of-peter-schiff/|archive-date=September 26, 2017|url-status=live}}
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.{{cite web|url=http://www.europac.net/externalframeset.asp?from=home&id=14566|title=The Reagan Counterrevolution – Euro Pacific Capital|work=europac.net|access-date=November 15, 2008|archive-url=https://web.archive.org/web/20100512102612/http://www.europac.net/externalframeset.asp?from=home&id=14566|archive-date=May 12, 2010|url-status=dead}} He said that the Great Recession 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.{{Cite episode|title=5 November 2008|url=http://www.europac.net/media/PeterSchiff_11-05-2008.mp3|series=Wall Street Unspun|airdate=2008-11-05}}{{Dead link|date=July 2020 |bot=InternetArchiveBot |fix-attempted=yes }}{{Primary source inline|date=September 2021}}
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.{{cite magazine|last =Vinik|first =Danny|title =Inflation Paranoia Will Never Die, No Matter What the Evidence Says|newspaper =The New Republic|date =November 20, 2014|url =https://newrepublic.com/article/120354/peter-schiff-my-inflation-prediction-was-correct-stats-are-lying|access-date =June 23, 2015|archive-url =https://web.archive.org/web/20150921213611/http://www.newrepublic.com/article/120354/peter-schiff-my-inflation-prediction-was-correct-stats-are-lying|archive-date =September 21, 2015|url-status =live}}
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.{{cite news|last =Schiff|first =Peter|title =CNBC Futures Now|date =Jul 16, 2015|url =https://www.youtube.com/watch?v=Q_bghdJx87A/|access-date =February 27, 2016|archive-date =September 29, 2023|archive-url =https://web.archive.org/web/20230929044235/https://www.youtube.com/watch?v=Q_bghdJx87A/|url-status =live}}{{Primary source inline|date=September 2021}}
Political career
=2008 Ron Paul presidential campaign=
Schiff was an economic adviser to Ron Paul's 2008 presidential campaign.{{Cite news|title=Peter Schiff Named Economic Advisor to the Ron Paul 2008 Presidential Campaign|url=https://www.reuters.com/article/pressRelease/idUS255917+25-Jan-2008+BW20080125|work=Reuters.com Online News|publisher=Reuters|date=January 25, 2008|access-date=October 8, 2008|url-status=dead|archive-url=https://web.archive.org/web/20081015103047/http://www.reuters.com/article/pressRelease/idUS255917+25-Jan-2008+BW20080125|archive-date=October 15, 2008|df=mdy-all}}
=2010 US Senate campaign=
{{Main|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.{{Cite news|url=https://www.washingtonpost.com/wp-dyn/content/article/2009/10/01/AR2009100103890.html|title=Hard-Core Free-Marketeer A Conversation With Peter Schiff: Investor, Critic, Candidate|last=Ahran|first=Frank|date=October 4, 2009|work=Outlook & Opinions|access-date=October 3, 2009|archive-url=https://web.archive.org/web/20121108214645/http://www.washingtonpost.com/wp-dyn/content/article/2009/10/01/AR2009100103890.html|archive-date=November 8, 2012|url-status=live}}{{Cite web|url=http://www.schiff2010.com|archive-url=https://web.archive.org/web/20090116075818/http://schiff2010.com/|url-status=dead|title=Peter Schiff for Connecticut Senator 2010|archive-date=January 16, 2009}} Approximately 5,000 people made campaign contributions using the website. On February 21, 2009, a moneybomb raised over $20,000 for Schiff's campaign.{{Cite web|url=http://www.dailypaul.com/node/83752|title=Peter Schiff Money Bomb a Success!|publisher=Dailypaul.com|access-date=May 14, 2012|url-status=dead|archive-url=https://web.archive.org/web/20090225101139/http://www.dailypaul.com/node/83752|archive-date=February 25, 2009|df=mdy-all}}
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."{{Cite news|title=Analyst Who Predicted Meltdown Leaning Towards Challenging Chris Dodd|url=http://theplumline.whorunsgov.com/economy/analyst-who-predicted-meltdown-leaning-towards-challening-chris-dodd|work=theplumline.whorunsgov.com|date=May 26, 2009|access-date=May 29, 2009|archive-url=https://web.archive.org/web/20090530180811/http://theplumline.whorunsgov.com/economy/analyst-who-predicted-meltdown-leaning-towards-challening-chris-dodd/|archive-date=May 30, 2009|url-status=dead}} In June 2009, Schiff commissioned a poll of likely voters which indicated that he trailed Dodd in popularity by only four percentage points.{{Cite press release|publisher=Wilson Research Strategies|url=http://www.w-r-s.com/blog/2009/07/01/survey-peter-schiff-can-be-competitive-with-chris-dodd-rob-simmons|title=Survey: Peter Schiff Competitive With Chris Dodd, Rob Simmons|date=July 1, 2009|access-date=November 17, 2009|archive-url=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/|archive-date=January 5, 2010|url-status=dead}} On July 9, 2009, Schiff launched an exploratory committee and an official campaign website.
After giving some hints he would run on The Daily Show,{{Cite news|last=Cadei|first=Emily|title=Schiff Discusses Potential Dodd Challenge on Daily Show|newspaper=Congressional Quarterly|date=June 10, 2009|url=http://blogs.cqpolitics.com/eyeon2010/2009/06/investor-and-financial-comment.html|access-date=February 5, 2010|url-status=dead|archive-url=https://web.archive.org/web/20100420011050/http://blogs.cqpolitics.com/eyeon2010/2009/06/investor-and-financial-comment.html|archive-date=April 20, 2010|df=mdy-all}} Schiff officially announced his candidacy for the Republican nomination on September 17, 2009, during the MSNBC Morning Joe show.{{Cite AV media|people=Peter Schiff, Joe Scarborough (host)|date=September 17, 2009|title=Peter Schiff formally announces his candidacy for U.S. Senate|url=https://www.youtube.com/watch?v=usVyfMyitHc|format=Flash|medium=Television production|publisher=MSNBC|location=New York City|archive-url=https://web.archive.org/web/20130814182142/http://www.youtube.com/watch?v=usVyfMyitHc|archive-date=2013-08-14|url-status=dead|access-date=April 11, 2010}}{{Cite AV media|people=Peter Schiff|date=September 17, 2009|title=It's official, I'm in.|url=https://www.youtube.com/watch?v=Lm4Ya-LRuu0|format=Flash|medium=Video blog|publisher=SchiffReport|access-date=September 20, 2009|archive-url=https://web.archive.org/web/20101022164007/http://www.youtube.com//watch?v=Lm4Ya-LRuu0|archive-date=October 22, 2010|url-status=live}} By October 2009, Schiff had received more than 10,000 donations and many e-mails from around the world. Schiff's campaign received endorsements from Ron Paul and Steve Forbes.{{cite web|url=http://www.ronpaul.com/2010-07-29/ron-paul-endorses-peter-schiff-and-rick-torres/|title=Ron Paul Endorses Peter Schiff and Rick Torres|work=ronpaul.com|access-date=December 15, 2012|archive-url=https://web.archive.org/web/20130731024833/http://www.ronpaul.com/2010-07-29/ron-paul-endorses-peter-schiff-and-rick-torres/|archive-date=July 31, 2013|url-status=live}}{{cite web|url=http://blogs.courant.com/capitol_watch/2010/07/peter-schiff-snags-a-bigname-e.html|title=Peter Schiff snags a big-name endorsement|work=courant.com|access-date=July 31, 2010|archive-url=https://archive.today/20120708075021/http://blogs.courant.com/capitol_watch/2010/07/peter-schiff-snags-a-bigname-e.html|archive-date=July 8, 2012|url-status=dead}}
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.{{cite web|title=Lauretti to petition, potentially forcing 7-way GOP primary|date=May 13, 2018|url=https://ctmirror.org/2018/05/13/lauretti-petition-potentially-forcing-7-way-gop-primary/|publisher=The CT Mirror|access-date=13 May 2018|archive-url=https://web.archive.org/web/20180513202505/https://ctmirror.org/2018/05/13/lauretti-petition-potentially-forcing-7-way-gop-primary/|archive-date=May 13, 2018|url-status=live}} 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.{{Cite web|url=http://www.ctpost.com/news/article/McMahon-sweeps-to-victory-in-GOP-Senate-race-610694.php|title=McMahon sweeps to victory in GOP Senate race|author=Neil Vigdor and Brian Lockhart|work=Connecticut Post |publisher=Connecticut Post|date=August 11, 2010|access-date=August 11, 2010|archive-url=https://web.archive.org/web/20100817041113/http://www.ctpost.com/news/article/McMahon-sweeps-to-victory-in-GOP-Senate-race-610694.php|archive-date=August 17, 2010|url-status=live}}
The general election was won by the Democratic Party primary winner, Richard Blumenthal.{{Cite news|url=https://www.washingtonpost.com/wp-dyn/content/video/2010/11/02/VI2010110208394.html|newspaper=The Washington Post|title=Democrat Blumenthal wins Conn. Senate seat|date=November 3, 2010|access-date=September 8, 2017|archive-url=https://web.archive.org/web/20180919140222/http://www.washingtonpost.com/wp-dyn/content/video/2010/11/02/VI2010110208394.html|archive-date=September 19, 2018|url-status=live}}
=Other endorsements=
In April 2008, Schiff endorsed Murray Sabrin for the U.S. Senate seat in New Jersey.{{Cite news|title=Paul stumps for Sabrin in Newark|url=http://www.politickernj.com/matt-friedman/19118/paul-stumps-sabrin-newark|work=PolitickerNJ.com|date=April 28, 2008|access-date=October 17, 2008|archive-url=https://web.archive.org/web/20080708210558/http://politickernj.com/matt-friedman/19118/paul-stumps-sabrin-newark|archive-date=July 8, 2008|url-status=live}}
Schiff did not endorse McMahon in the 2012 Republican primary but rather her opponent, former representative Christopher Shays.{{cite web|url=http://wilton.patch.com/articles/peter-schiff-endorses-chris-shays-for-senate-397627d5|title=Peter Schiff Endorses Chris Shays for Senate|work=Wilton, Connecticut Patch|date=May 4, 2012|access-date=October 26, 2012|archive-url=https://web.archive.org/web/20120518194059/http://wilton.patch.com/articles/peter-schiff-endorses-chris-shays-for-senate-397627d5|archive-date=May 18, 2012|url-status=live}} Shays lost in the primary to McMahon,{{Cite news|url=https://www.nytimes.com/2012/08/15/nyregion/linda-e-mcmahon-wins-connecticut-senate-primary.html|work=The New York Times|title=Linda E. McMahon Wins Connecticut Senate Primary|date=August 14, 2012|first=Michael M.|last=Grynbaum|access-date=February 7, 2017|archive-url=https://web.archive.org/web/20170129112753/http://www.nytimes.com/2012/08/15/nyregion/linda-e-mcmahon-wins-connecticut-senate-primary.html|archive-date=January 29, 2017|url-status=live}} who lost in the general election to Democrat Chris Murphy.
Media career
=Radio=
File:Peter Schiff by Gage Skidmore 2.jpg
Prior to the 2008 financial crisis, Schiff frequently appeared on CNBC, Fox News and Bloomberg News 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.{{Cite news|url=http://content.time.com/time/magazine/article/0,9171,1900233,00.html|title=Why We Should Listen to Peter Schiff's Bad News|author=Justin Fox|publisher=Time|date=June 1, 2009|access-date=December 1, 2014|archive-url=https://web.archive.org/web/20141221184712/http://content.time.com/time/magazine/article/0,9171,1900233,00.html|archive-date=December 21, 2014|url-status=live}}
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.http://rbr.com/g-gordon-liddy-retiring-peter-schiff-replacing/ {{Webarchive|url=https://web.archive.org/web/20120811144231/http://rbr.com/g-gordon-liddy-retiring-peter-schiff-replacing/ |date=August 11, 2012 }} Radio America press release
=Webcast=
Schiff is also a video blogger on the internet and distributes his media through YouTube,{{cite web|last1=Schiff|first1=Peter|title=SchiffReport|url=https://www.youtube.com/user/SchiffReport|website=Youtube|access-date=4 September 2016|archive-url=https://web.archive.org/web/20150719145439/https://www.youtube.com/user/SchiffReport|archive-date=July 19, 2015|url-status=live}} Euro Pacific Capital,{{cite web|title=Multimedia|last1=Schiff|first1=Peter|url=http://www.europac.com/media|website=Euro Pacific Capital|access-date=4 September 2016|archive-url=https://web.archive.org/web/20150717051149/http://www.europac.com/media|archive-date=July 17, 2015|url-status=live}} and iTunes.
He has appeared four{{Cite web|title=Joe Rogan Experience #1508|author=Peter Schiff|url=https://www.youtube.com/watch?v=OK2zgeJLVwU|website=Youtube|date=July 15, 2020 |access-date=July 15, 2020|archive-date=July 17, 2020|archive-url=https://web.archive.org/web/20200717005400/https://www.youtube.com/watch?v=OK2zgeJLVwU|url-status=live}} times as a guest on Joe Rogan's YouTube series and podcast.{{cite web|url=https://www.youtube.com/watch?v=by1OgqQQANg&t=8055s|title=Joe Rogan Experience #1002|author=Peter Schiff|date=August 23, 2017|via=PowerfulJRE – YouTube|access-date=August 26, 2017|archive-date=September 29, 2023|archive-url=https://web.archive.org/web/20230929044238/https://www.youtube.com/watch?v=by1OgqQQANg&t=8055s|url-status=live}}
=Television=
Schiff has been a commentator on CNBC and Fox Business.{{cite web|url=https://www.cnbc.com/2015/03/17/forget-patience-qe4-is-coming-peter-schiff.html|title=Forget patience, QE4 is coming: Peter Schiff|first=Amanda|last=Diaz|website=CNBC|date=March 17, 2015|access-date=September 10, 2017|archive-url=https://web.archive.org/web/20150630222123/https://www.cnbc.com/id/102512859|archive-date=June 30, 2015|url-status=live}}
Books
- Crash Proof: How to Profit From the Coming Economic Collapse, 2007, {{ISBN|978-0-470-04360-8}}
- The Little Book of Bull Moves in Bear Markets: How to Keep your Portfolio Up When the Market is Down, 2008, {{ISBN|978-0-470-38378-0}}
- Crash Proof 2.0: How to Profit From the Economic Collapse, 2nd Edition, 2009, {{ISBN|978-0-470-47453-2}}
- The Little Book of Bull Moves, Updated and Expanded: How to Keep Your Portfolio Up When the Market Is Up, Down, Or Sideways, 2010, {{ISBN|0-470-64399-4}} [https://archive.today/20110319221353/http://www.peterschiffonline.com/books/little-book-of-bull-moves-updated-and-expanded/ 澳门威尼斯人官网开户]
- How an Economy Grows and Why It Crashes, 2010, {{ISBN|978-0-470-52670-5}} [http://www.wiley.com/WileyCDA/WileyTitle/productCd-047052670X,descCd-authorInfo.html How an Economy Grows and Why It Crashes | Wiley]
- The Real Crash: America's Coming Bankruptcy – How to Save Yourself and Your Country, 2012, {{ISBN|978-1-250-00447-5}} [https://us.macmillan.com/books/9781250046567 Book details]
References
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External links
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{{Wikiquote}}
- [https://www.schiffgold.com SchiffGold]
- {{C-SPAN|62792}}
- {{IMDb name|3383440}}
- {{YouTube|u=SchiffReport|{{PAGENAMEBASE}}}}
- Appearances on The Joe Rogan Experience ([https://open.spotify.com/episode/1L7a436TNOdvuymF16M8JP #445 Jan 22, 2014], [https://open.spotify.com/episode/2PbNEIZ08SbnBQ44JF470M #1002 Aug 23, 2017], [https://open.spotify.com/episode/6siewRGB6RQAwxEomUKMRf #1145 Jul 17, 2018], [https://open.spotify.com/episode/5jltMsiPKkUHEds5aBTSKz #1508 Jul 15, 2020])
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{{DEFAULTSORT:Schiff, Peter}}
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