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Peter Schiff Biography
Peter Schiff born as Peter David Schiff is an American stock broker, financial commentator, and radio personality. In Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut he is a CEO and chief global strategist. He the founder of Euro Pacific Canada Inc., now known as Echelon Wealth Partners Inc., headquartered in Toronto, with offices in Burlington, Ontario; Montreal; Vancouver; and Tokyo.
He is also the founder and chairman of Euro Pacific Bank, offshore bank founded in St. Vincent and the Grenadines, relocated to San Juan, Puerto Rico in 2017; founder, CEO, and chairman of Euro Pacific Asset Management, LLC., an asset management company founded in Newport Beach, currently relocated to Dorado, Puerto Rico, since 2013; and founder and chairman of SchiffGold, a precious metals dealer based in Manhattan.
In The Peter Schiff Show podcast he is the principal host, which was formerly broadcast on terrestrial and Internet radio, and he was formerly host of an Internet podcast called Wall Street Unspun, now archived as podcasts. Has a guest he has appeared on numerous business and financial television shows and has been quoted in major print publications as a financial analyst.
Schiff has regularly held bullish views on long-term investments in foreign stocks and currencies in countries with sound fiscal and monetary policies, as well as global commodities including physical precious metals and has expressed bearish views on the US economy and the US dollar. He voices strong support for the Austrian School of economic thought, which was introduced to him by his father, Irwin Schiff. Schiff in 2010 he ran in the Republican primary for the United States Senate seat in Connecticut, but he lost to Linda McMahon and came in third.
Peter Schiff Age
He was born on March 23, 1964 in New Heaven, Connecticut. He is 55 years old as of 2019.
Peter Schiff Family
Schiff was born to a middle-class Jewish familyon March 23, 1963 in New Haven, Connecticut. He is the son to Irwin. His father was the son of Jewish immigrants from Poland, served in the US Army during World War II. He was a prominent figure in the US tax protester movement, who died in federal prison in October 2015 while he was serving a sentence of at least 13 years for tax evasion.
He was young when his parents divorced when and he moved around the country with his mother and his brother, Andrew, from Connecticut to Manhattan to Florida and finally Southern California. He acknowledges his father for introducing him to the Austrian School of economic thought.
Peter Schiff Wife
Peter is married to Lauren Schiff they have three children.
There was a photo Peter posted on her twitter account captioned , “Lauren, and I had a great time at Kelley Paul’s book party this weekend! Here’s a photo of us standing with our good friend, Rand. Unfortunately, Rand’s wife, Kelley, had her flight cancelled last minute and couldn’t make it to her party!
Peter Schiff Gold
Schiff is well known for his bullishness on gold and his belief that gold will protect investors against a prolonged decline of the US dollar. Back in 2011 he introduced the first 100% physically backed gold/silver accounts integrated with the global debit card system through Euro Pacific Bank Ltd, his offshore bank.
Peter Schiff Podcast
Schiff is a video blogger in the internet and distributes his media through YouTube, Euro Pacific Capital, and iTunes. He has twice appeared as a guest on Joe Rogan’s YouTube series and podcast.
Peter Schiff Net Worth
Peter has an estimated net worth of $70 million dollars.
Peter Schiff Books
- How an Economy Grows and Why It Crashes
- The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country
- How an Economy Grows and Why It Crashes
- Crash Proof 2.0: How to Profit From the Economic Collapse
- Crash-proof: How to Profit from the Coming Economic Collapse
- The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down (Little Books. Big Profits)
Peter Schiff Economist |Peter Schiff Wrong |Peter Schiff Blog |Peter Schiff Was Right
Schiff said in an August 2006 intervie that , “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.” In a telecast debate on Fox News on December 31, 2006 , Schiff forecast that “what’s going to happen in 2007 is that real estate prices,” which had peaked in December 2005, “are going to come crashing back down to Earth.”
Schiff wrote in his 2007 book Crash Proof, that US economic policies were fundamentally unsound. Since then, Schiff has stated many times that without a change in US government economic policy, there will be hyperinflation and that the imbalance between the amount of goods the US consumed and what it produced would eventually lead to problems for the US economy. As a solution, he favored increased personal savings and production to stimulate economic growth. He quoted 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. He credited the low savings rate to what he asserts are high inflation and artificially low interest rates set by the Federal Reserve.
When Schiff appeared in 2008 and 2010 on Fox News and financial news network CNBC, Schiff mentioned factors such as speculation and “the absence of lending standards” as factors that had contributed to the housing crisis, which started in 2007.
In an interview on December 13, 2007 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.” He 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 also predicted “a huge crisis” and “the blow-up of credit card finance” in year 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. Eight years later in 2016, this prediction is still 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.
Schiff said in a March 2009 speech, 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 $5000 per ounce in the future, and that the stock market rally which began that year was a “rally in a bear market.” The price as of 2016 of an ounce of gold has always been less than $2,200 and typically under $1,500.
Peter Schiff Radio |Peter Schiff The Big Short
Schiff hosted a weekly short-wave radio show named Wall Street Unspun from 2005 to 2010 , which featured commentary on financial market activity. He hosted The Peter Schiff Show broadcast on Internet and terrestrial radio from October 2010 to September 2014 . The Peter Schiff Show broadcast on internet featured commentary on market activity, current events, and economic philosophy; it had many notable guests including Ron Paul, Rand Paul, Niall Ferguson, Dennis Kucinich, Rick Santelli, and John McCain. The Peter Schiff Show guest-hosts included Thomas Woods, Neeraj Chaudhary, Stefan Molyneux, Larry Elder, and Andrew Schiff, Peter Schiff’s brother.
According to his brother and Andrew, Peter who is a public relations director, Schiff frequently appeared on CNBC, Fox News and Bloomberg to voice his opinions on the US economy and financial markets. Althoug after the financial crisis, his bookings dropped by 75 to 85% on these networks.
Schiff replaced G. Gordon Liddy in the 10 a.m.–12 p.m. time slot on the Radio America network Internet broadcast in August 2012.
Schiff no longer hosts a radio show.
Peter Schiff Trump
Published on August 9, 2018 by Henry Fernandez
Despite weekly jobless claims hovering near historic lows and the number of job openings far exceeding the number of Americans that are currently looking for work, Euro Pacific Capital CEO Peter Schiff continues to be cautious when grading President Trump’s performance on jobs and the economy.
“Donald Trump inherited a big fat ugly bubble, to quote Trump, from Obama and all he’s done is blow more air into it,” Schiff told FOX Business’ Liz Claman on Thursday.
The U.S. economy grew at an annual rate of 4.1% in the second quarter, the fastest pace since 2014. Trump told a group of business leaders this week that the GDP rate may top 5% in the next quarter.
Schiff warns the U.S. economy is headed toward a “massive recession” and the GDP rate will not exceed 3% in 2018.
“Trump bought the economy some time with the tax cuts, but all it’s doing is pushing off the day of reckoning,” he said on “Countdown to the Closing Bell.”
Peter Schiff Goldmoney
Schiff is Chairman of Schiff Gold and serves as an investor and advisor at Goldmoney. He is a well-respected author and blogger, as well as a highly sought-after speaker and analyst with deep knowledge of economic theory and international investing expertise. He has appeared on CNBC, Fox Business, BBC, Bloomberg Asia, and BNN, and his economic commentary has been published in and quoted by several major publications, including: The Wall Street Journal, The New York Times, the Financial Times, and Barron’s.
Peter Schiff Twitter
Peter Schiff Latest |Peter Schiff News
Peter Schiff: Gold Is A Mispriced Asset And It’s Time To Buy (Video)
Despite all of the warning signs, the mainstream is still convinced the “economic boom” will continue and the Fed will keep pushing interest rates up. As a result, the price of gold has stayed relatively low. But as Peter pointed out in his most recent Gold Videocast, their complacency is ill-advised, and gold is a mispriced asset. Now is the time to buy.
Investors seemed to breathe a sigh of relief after the midterm elections. Even though the Republicans lost the House and people believe we may see some political gridlock, there seems to be a lot of optimism that the economic boom will continue for the next two years. The problem is – as Peter pointed out – they are confusing a boom with a bubble.
The air is obviously already coming out of this bubble but the problem is so few people actually understand that we’re in a bubble, they don’t understand that it’s popped and they don’t even hear the sound of the air coming out.”
And Peter doesn’t believe a divided Congress will necessarily mean gridlock either – especially as the economy slows down. He thinks Trump will be eager to reach across the aisle and work with the Democrats to pass the next round of economic stimulus. That will mean a lot more government spending and even bigger deficits. This may not be great news for the economy, but it is good news for gold and silver investors.
If we’re going to have even bigger deficits and an even more inflationary stimulus with a Democratic Congress, that means the move in gold and silver is going to be even larger.”
Federal Reserve rate hikes have kept the price of gold low. But people haven’t connected the dots between rate hikes we’re seeing today and the rate cuts that are coming tomorrow.
All of these hikes have simply pricked the mother of all bubbles.”
In fact, the bubbles now are even bigger than they were in 2008. Interest rates have been kept lower for longer. That means there is even more distortion in the markets.
Of course, the Fed will rush in and try to inflate the bubble again. Rates will go back to zero. We’ll probably see more quantitative easing.