Peter Schiff: Difference between revisions

 

==Economic and public policy views==

===2007–2008 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."<ref>{{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}}</ref> 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,<ref>{{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}}</ref> "are going to come crashing back down to Earth."

 

===Bitcoin===

 

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 "My wallet got corrupted somehow and my password is no longer valid.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."<ref>{{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 My wallet got corrupted somehow and my password is no longer valid.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}}</ref> 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?"<ref>{{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}}</ref><ref>{{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}}</ref>

 

===Television===

 

==Books==