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'''Peter David Schiff''' ({{IPA-en|ˈʃɪf|pron}}; born March 23, 1963) is an American [[author]], businessman, financial [[Pundit (expert)|commentator]], adherent of the [[Austrian School]] of economics, [[video blogging|video blogger]], and a 2010 candidate for the [[United States Senate]].<ref name=announce/>
'''Peter David Schiff''' ({{IPA-en|ˈʃɪf|pron}}; born March 23, 1963) is an American [[author]], businessman, financial [[Pundit (expert)|commentator]], [[video blogging|video blogger]], and a 2010 candidate for the [[United States Senate]].<ref name=announce/>


Peter Schiff is the president of Euro Pacific Capital Inc., a brokerage firm based in Westport, Connecticut. Schiff frequently appears as a guest on CNBC, Fox News, and Bloomberg Television and is often quoted in major financial publications<ref>
Peter Schiff is the president of Euro Pacific Capital Inc., a brokerage firm based in Westport, Connecticut. Schiff frequently appears as a guest on CNBC, Fox News, and Bloomberg Television and is often quoted in major financial publications<ref>
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==Economic views==
==Economic views==
Schiff is a proponent of the [[Austrian School]], a [[heterodox economics|heterodox]]<ref name="Boettke and Leeson">{{cite book|last=Boettke|first=Peter J.|coauthors=Peter T. Leeson|title=A Companion to the History of Economic Thought|editor=Warren Samuels, Jeff E. Biddle, and John B. Davis|pages=446–452|chapter=28A: The Austrian School of Economics 1950-200|url=http://books.google.com/books?id=3H8gBQv5MysC&pg=PA445&dq=austrian+school+heterodox+economics&lr=&sig=ACfU3U2uO3tvskiSCG_we5gL0VSCevKdDw#PPA445,M1 |publisher=Blackwell Publishing |year=2003 |isbn=978-0-631-22573-7}}</ref> [[Schools of economic thought|school of economic thought]]. He attributes his [[economic forecasting|economic forecasts]] to an understanding of the Austrian School's principles,<ref name="CrashProof2.0p21">Crash Proof 2.0, pg. 21</ref> which his father [[Irwin Schiff]] introduced to him.<ref name=swanson>{{Cite web | last = Swanson | first = Tim | title = Interview with Peter Schiff| publisher = [[Ludwig von Mises Institute]] | date = April 21, 2008 | url = http://blog.mises.org/8039/interview-with-peter-schiff/ | accessdate = 2010-04-11}}</ref> According to Schiff, "the Austrian School is not considered [[mainstream economics|mainstream]] these days."<ref name="CrashProof2.0p21"/> In his 2007 book, ''Crash Proof'', Schiff writes that the current United States economic policies are fundamentally unsound, and predicts that in the future the United States dollar will lose much of its value.<ref name=crashproof/>
Schiff is a proponent of the [[Austrian School of economics]]. He attributes his [[economic forecasting|economic forecasts]] to an understanding of the Austrian School's principles,<ref name="CrashProof2.0p21">Crash Proof 2.0, pg. 21</ref> which his father [[Irwin Schiff]] introduced to him.<ref name=swanson>{{Cite web | last = Swanson | first = Tim | title = Interview with Peter Schiff| publisher = [[Ludwig von Mises Institute]] | date = April 21, 2008 | url = http://blog.mises.org/8039/interview-with-peter-schiff/ | accessdate = 2010-04-11}}</ref> According to Schiff, "the Austrian School is not considered [[mainstream economics|mainstream]] these days."<ref name="CrashProof2.0p21"/> In his 2007 book, ''Crash Proof'', Schiff writes that the current United States economic policies are fundamentally unsound, and predicts that in the future the United States dollar will lose much of its value.<ref name=crashproof/>


Schiff feels that the imbalance between the amount of goods the U.S. consumes and what it produces will eventually lead to problems for the U.S. economy.<ref>Crash Proof 2.0 Chapter 1: Consumers, Not Producers (pps. 1-32)</ref><ref>{{Cite video | people = Peter Schiff | title = [http://www.youtube.com/watch?v=EgMclXX5msc&feature=PlayList&p=233FD972BBC2927B&index=0 Why the Meltdown Should Have Surprised No One] | medium = Recorded live lecture | publisher = [[Ludwig von Mises Institute]] | location = [[Auburn, Alabama]] | date = 2009-03-13}}</ref> As a remedy Schiff favors increased personal savings and production which he says will stimulate economic growth.<ref>Crash Proof 2.0, pg. 7</ref> Schiff cites the U.S.'s low personal savings rate as one of the causes of the its transformation from the world's largest creditor nation in the 1970s to the largest debtor nation in the year 2000.<ref>Crash Proof 2.0, pg. 76</ref> Schiff attributes the low savings rate to higher inflation and the artificially low interest rates set by the [[Federal Reserve]].<ref>Crash Proof 2.0, pg. 39</ref>
Schiff feels that the imbalance between the amount of goods the U.S. consumes and what it produces will eventually lead to problems for the U.S. economy.<ref>Crash Proof 2.0 Chapter 1: Consumers, Not Producers (pps. 1-32)</ref><ref>{{Cite video | people = Peter Schiff | title = [http://www.youtube.com/watch?v=EgMclXX5msc&feature=PlayList&p=233FD972BBC2927B&index=0 Why the Meltdown Should Have Surprised No One] | medium = Recorded live lecture | publisher = [[Ludwig von Mises Institute]] | location = [[Auburn, Alabama]] | date = 2009-03-13}}</ref> As a remedy Schiff favors increased personal savings and production which he says will stimulate economic growth.<ref>Crash Proof 2.0, pg. 7</ref> Schiff cites the U.S.'s low personal savings rate as one of the causes of the its transformation from the world's largest creditor nation in the 1970s to the largest debtor nation in the year 2000.<ref>Crash Proof 2.0, pg. 76</ref> Schiff attributes the low savings rate to higher inflation and the artificially low interest rates set by the [[Federal Reserve]].<ref>Crash Proof 2.0, pg. 39</ref>

Revision as of 04:56, 16 June 2010

Peter Schiff
NationalityUnited States
Academic career
FieldMacroeconomics, Financial Economics
School or
tradition		Austrian School
Alma materU.C. Berkeley (B.B.A.), 1987[1]
InfluencesIrwin Schiff, Ludwig von Mises, F.A. Hayek, Murray Rothbard

Peter David Schiff (pronounced /ˈʃɪf/; born March 23, 1963) is an American author, businessman, financial commentator, video blogger, and a 2010 candidate for the United States Senate.[12]

Peter Schiff is the president of Euro Pacific Capital Inc., a brokerage firm based in Westport, Connecticut. Schiff frequently appears as a guest on CNBC, Fox News, and Bloomberg Television and is often quoted in major financial publications[13] and is a frequent guest on internet radio[14][15][16] as well as host to the podcast program “Wall Street Unspun”. [17]

He is known for his extremely bearish views on the United States stock market, bond market, the US dollar, and the United States economy in general for which he has earned the nickname “Dr. Doom.”[18][19]

Financial career

Schiff began his career as a financial consultant at a Shearson Lehman Brothers brokerage.[1][18]

Schiff later acquired Euro Pacific Capital, a brokerage firm that was founded in 1980. Reincorporated in California in 1996, the company now reports thousands of clients and six offices nationwide, with its headquarters in Westport, Connecticut.[20][21] According to a 2005 article in The Advocate of Stamford, Connecticut Schiff relocated the firm to Darien, Connecticut to find brokers "who think like him". The New York Metropolitan Area, Schiff says, has the biggest concentration of brokers in the country, making it easier to recruit employees.[22] The company has offices in Newport Beach, California as well as in Scottsdale, Arizona, Palm Beach, Florida, Los Angeles and New York. Euro Pacific Capital also holds the exclusive rights to broker some Perth Mint gold products in the United States.[23]

Political career

Schiff was an economic adviser to Ron Paul's 2008 presidential campaign. In support of Paul's economic revitalization plan, he said: "We need a plan that stimulates savings and production, not more of the reckless borrowing and consumption that got us into this mess in the first place. Ron Paul's plan is the only one that amounts to a step in the right direction. If you want meaningful change—for the better that is—Ron Paul is the only candidate capable of delivering it."[24]

In 2008, Schiff also endorsed Murray Sabrin for the U.S. Senate seat in New Jersey.[25]

In an interview in February 2009, Schiff's position was summarized as a nonpartisan critique of American policymakers, comparing former presidents George W. Bush to Herbert Hoover and President Barack Obama to former president FDR, with neither of the more recent incumbents comparing favorably to the earlier ones.[26]

Schiff supports the reduction of government economic regulation, and is concerned that President Obama's administration may increase such regulation.[27]

Schiff says that the current economic crisis provides an opportunity to transition from borrowing and spending, to saving and producing. Schiff is critical of the U.S. government's efforts to "ease the pain" with economic stimulus packages and bailouts. According to Schiff, the U.S. government's approach of replacing "legitimate savings with a printing press" could result in hyperinflation.[28]

2010 U.S. Senate campaign

Main article: United States Senate election in Connecticut, 2010

In December 2008, Connecticut citizens created a website encouraging Schiff to campaign against the incumbent Senator Christopher Dodd.[29][30] Approximately 5,000 people made campaign contributions using the web site.[29] On February 21, 2009, a moneybomb raised over $20,000 for Schiff's campaign.[31]

In a May 2009 video blog, Schiff said that he was seriously considering a run for the senate and when questioned by a Washington Post reporter, he said the chance of him entering politics was “better than 50-50".[32]

In June 2009 Schiff commissioned a poll of likely voters which indicated that he trailed Dodd in popularity by four percentage points.[33] On July 9, 2009, Schiff launched an exploratory committee and an official campaign website.[29] He began accepting donations in an attempt to see if "people who really believe in freedom, liberty, sound money and the constitution are prepared to support that with an actual political contribution or to volunteer their services and work on this campaign." He received over 10,000 donations and many e-mails from around the world.[29]

After giving some hints on an episode of The Daily Show[34] Schiff officially announced his candidacy on September 17, 2009, during the MSNBC Morning Joe show. He is seeking the Republican nomination.[12][35][36]

As of October 2009 Schiff had received more than 10,000 telephone calls and letters[29] and raised over $1,960,000 (USD) in campaign contributions.[37] Peter Schiff states, "I plan to bring my dedication and experience to the taxpayers of Connecticut. I may make mistakes in this campaign—but I will not make mistakes in representing you in the Senate. I look forward to an exciting race where I can share my vision with the people of Connecticut."[21]

Democratic Party spokeswoman Colleen Flanagan said, "Despite his groupie-like following, Schiff actually has few qualifications to run for the Senate and has publicly admitted that he can't even remember the last time he voted".[38] In response, Schiff said, "The fact that I haven't had experience ruining the country, that I haven't brought the banking system to its knees, that's my greatest attribute."[39]

In the May 2010 Republican convention, Linda McMahon received the most delegate votes but not enough to prevent an August primary election. U.S. Rep. Rob Simmons, a Vietnam war veteran with two Bronze Stars, received more than the required 15 percent of the total votes necessary to force the primary.

In a video blog the following day Schiff stated that in weeks prior to the convention, he had the 15 percent support he needed to be on a primary election ballot. According to Schiff, many of the delegates switched support as late as the week of the primary, due to disinformation that was being spread by the Linda McMahon campaign, including the false notion that he was dropping out of the race. Schiff also stated that about 40 members of the McMahon campaign were present on the convention floor while votes were being cast, against convention rules, attempting to garner more support for McMahon. By the end of the first ballot and the round of vote switches, Schiff was left with only 3% of the vote, down from his high point of over 11% before the switch session occurred.[40] Schiff stated that during that switch session, when it became clear that many delagates were switching from Schiff and Simmons to McMahon, Schiff instructed his remaining delegates to switch to Simmons "because I didn't think [McMahon] was playing fair."[40] Schiff stated he intends to collect the required number of signatures necessary to earn a position on the primary election ballot.

On the Democratic side, state Attorney General Richard Blumenthal experienced a controversy over his Viet Nam era military service record and more recent statements by him about his service to take the nomination by acclamation. McMahon "has acknowledged providing information on Blumenthal's misstatements to the media."[41]

Economic views

Schiff is a proponent of the Austrian School of economics. He attributes his economic forecasts to an understanding of the Austrian School's principles,[42] which his father Irwin Schiff introduced to him.[43] According to Schiff, "the Austrian School is not considered mainstream these days."[42] In his 2007 book, Crash Proof, Schiff writes that the current United States economic policies are fundamentally unsound, and predicts that in the future the United States dollar will lose much of its value.[3]

Schiff feels that the imbalance between the amount of goods the U.S. consumes and what it produces will eventually lead to problems for the U.S. economy.[44][45] As a remedy Schiff favors increased personal savings and production which he says will stimulate economic growth.[46] Schiff cites the U.S.'s low personal savings rate as one of the causes of the its transformation from the world's largest creditor nation in the 1970s to the largest debtor nation in the year 2000.[47] Schiff attributes the low savings rate to higher inflation and the artificially low interest rates set by the Federal Reserve.[48]

Forecasting

U.S. bear market

In a 2002 interview with Southland Today, Schiff predicted that the economic downtown triggered by the bursting of the stock market bubble would lead to a bear market likely to last "another 5 to 10 years."[49][50] In November 2002, US stocks began a bull market uptrend which held steady for at least five years,[51] until reversing course in 2008, when the Dow, NASDAQ, and S&P 500 began a decline to less than half of their peak 2008 values,[52] followed in 2009 by the Dow climbing 61% from its low point over the following year.[53] After interviewing Schiff in 2009, journalist and finance author Eric Tyson, referenced various Schiff predictions during the 2000s and stated that "On all of these counts, Schiff wasn't just wrong but ended up being hugely wrong."[54] Schiff later released a video stating that, "When I gave that interview in 2002, I had no way of knowing how irresponsible the Fed was going to be ... But I recognized that early: back in 2003 and 2004 I changed my forecast ... if you look at what happened to the Dow in terms of gold [and not U.S. dollars], my forecast was extremely accurate."[49]

In an August 2006 interview he said: "The United States economy 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."[55] On December 31, 2006 in debate on Fox News, Schiff forecast that "what's going to happen in 2007" is that "real estate prices are going to come crashing back down to Earth".[55]

As part of these exchanges on Fox News and his repeated appearances on financial news network CNBC, Schiff had mentioned factors such as speculators and "the absence of lending standards" which are now seen by many[56][57] to indeed be contributing factors to the housing crisis of 2007-2009. On December 13, 2007 in a Bloomberg interview on the show Open Exchange, Schiff further added that he felt that the crisis would extend to the credit card lending industry.[58] Following this observation, it was soon reported on December 23, 2007 by the Associated Press that "The value of credit card accounts at least 30 days late jumped 26 percent to $17.3 billion in October from a year earlier at 17 large credit card trusts examined by the AP... At the same time, defaults -- when lenders essentially give up hope of ever being repaid and write off the debt -- rose 18 percent to almost $961 million in October, according to filings made by the trusts with the Securities and Exchange Commission."[59]

Since 2007, Schiff has stated many times that if the government doesn't change course there will be hyperinflation in the US.[3] Schiff is one of a minority of economists credited with accurately predicting the financial crisis of 2007–2010 while "nearly all [macroeconomists] failed to foresee the recession despite plenty of warning signs".[60][61] In his book Crash Proof, he described several aspects of the U.S. economy that would lead to a recession.[3]

"Schiff was right" YouTube videos

Schiff's notoriety for financial predictions increased when a You Tube video entitled "Peter Schiff was right" became popular in late 2008 and 2009.[62][63] The video consists of a compilation of clips of his many appearances on various financial news programs from networks including CNBC, Fox News, MSNBC and Bloomberg, most of which took place from 2005 to 2007. In the segments Schiff explains specifically the fundamental problems he saw with the United States economy at that time. Schiff's warnings of a coming economic collapse earned him the moniker "Dr. Doom."[18][19]

In late 2006, Schiff predicted the housing bubble and resulting subprime mortgage crisis[64], and in late 2008, he predicted the automotive industry crisis and the crisis in the banking and financial markets.[19][65][66]

Investment advice

Despite those predictions coming to fruition, as early as 2009 Schiff was receiving criticism due to the performance of some of his client's accounts, as well as controversies over the predictions themselves. In January 2009, economic blogger and investment adviser Michael Shedlock reported, "I have talked with many who claim they have invested with Schiff and are down anywhere from 40% to 70% in 2008."[67] Other criticisms followed, including the aforementioned Eric Tyson post[54] as well as an article for the investment news site Seeking Alpha, published on the site two days after Shedlock's blog post.[68] Later that week an article appeared in the Wall Street Journal reporting that Schiff's broker-dealer firm, Euro Pacific Capital Inc., "advised its clients to bet that the dollar would weaken significantly and that foreign stocks would outpace their U.S. peers" and that instead, the dollar advanced against most currencies, "magnifying the losses from foreign stocks Mr. Schiff steered his investors into."[69]

The Director of Communications at Schiff's investment firm responded to the original Shedlock piece by saying, "While it is true, that our accounts have suffered badly in 2008, a fact that we have never disputed or ran from, [Shedlock's] estimates for the size our of typical client losses are exaggerated and unfair."[68][70] Schiff personally responded to Shedlock's criticism by saying, "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" and called Shedlock's blog entry "nothing more than an overt advertisement (and a highly deceptive one at that) to use my popularity to advance his career," adding that losses were felt mostly by recent clients and not by others.[71]

Schiff responded similarly to criticisms made by Wade Slome of Sidoxia Capital Management, LLC. in a September 2009 blog entry entitled, "The Emperor Schiff Has No Clothes."[50] Schiff reported not only were the losses suffered by his clients in 2008 highly exaggerated, but also that most of those losses have already been recouped, stating that many who where down then are now up, and most long-term clients were never down at all, but merely temporarily lost some of the profits they had earned over the years.[50]

The January 2009 Wall Street Journal article discussed the value of Schiff's predictions, and stated how deficiencies "made mincemeat of investors who took his advice in 2008."[69] In an interview the following week Schiff likened himself to billionaire investor Warren Buffett saying they were both "buy and hold" long-term investors, while contrasting his negative press: "His approach is you buy stocks and you never sell them—you hope to never sell them—and Berkshire Hathaway is down 40% in the last thirteen months; I don't see the Wall Street Journal saying 'Warren Buffett made mincemeat out of his clients.'"[72] The Wall Street Journal also published a letter written by Schiff in response to his critics saying: "My central investing premise, a weakening dollar and safety in gold, commodities and foreign stocks, didn't materialize in 2008. But all the ingredients were (and remain) present for those movements to occur. Over the past year, market reactions that I didn't foresee—massive global deleveraging, a knee-jerk 'flight to quality' into U.S. Treasuries and a sharp counter trend rally in the U.S. dollar—have kept the scenario from playing out."[73]

In a November 2009 videoblog, Schiff said that five stocks he picked for Fortune Magazine in January 2009 had gained a total of 360%.[74][75]

In a March 2009 speech Schiff said that it would be impossible for the U.S. debt to China to be repaid unless the U.S. dollar's value is substantially diluted through inflation.

Gold predictions

Schiff said that "I would not be surprised to see [gold] at $5,000 over the next several years" and that the 2009 stock market rally was a "bear market rally".[76][77] In 2008 when asked about future prices of gold, Schiff stated, "I think it could be $2,000 an ounce sometime next year".[citation needed] This did not happen as the price of gold did not exceed $1,230 per ounce in 2009.[78] In 2010, Schiff predicted that gold would "reach $5,000 to $10,000 in the next five to ten years".[79]

Books

Peter Schiff is the author of four books published by John Wiley and Sons. His book, Crash Proof 2.0, appeared on both the New York Times and Wall Street Journals bestseller lists.

  • Crash Proof: How to Profit from the Coming Economic Collapse, February 2007, ISBN 978-0-470-04360-8 1
  • 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 2
  • Crash Proof 2.0: How to Profit From the Economic Collapse, 2nd Edition, September 2009, ISBN 978-0-470-47453-2 3
  • How an Economy Grows and Why It Crashes, 2010, ISBN 978-0-470-52670-5 4

Notes

  1. ^ a b Peter Schiff, Euro Pacific Capital Inc. . Retrieved 2010-04-10.
  2. ^ Crash Proof 2.0, pg. 73
  3. ^ a b c d Schiff, Peter D.; Downes, John (February 2007), Crash Proof: How to Profit from the Coming Economic Collapse, New Jersey: John Wiley & Sons, ISBN 978-0-470-04360-8
  4. ^ Peter Schiff (April 4, 2010). Alan Greenspan & ABC Challenge (Flash) (Video Blog). Stamford: Schiff Report. Retrieved 2010-04-19.
  5. ^ Peter Schiff (March 20, 2010). Alan Greenspan - just admit you screwed up already!! (Flash) (Video Blog). Stamford: Schiff Report. Retrieved 2010-04-19.
  6. ^ Crash Proof 2.0, pgs. 117-118
  7. ^ Peter Schiff (January 25, 2010). Bernanke, Freddie & Fannie, tax cuts and student loans (Flash) (Video Blog). Stamford: Schiff Report. Retrieved 2010-04-19.
  8. ^ Peter Schiff (January 4, 2010). Ben Bernanke (Flash) (Video Blog). Stamford: Schiff Report. Retrieved 2010-04-19.
  9. ^ Peter Schiff (March 16, 2010). Dollar, Paul Krugman (Flash) (Video Blog). Schiff Report. Retrieved 2010-04-19.
  10. ^ Peter Schiff (November 10, 2009). Dump Dodd (Flash) (Video Blog). Stamford: Schiff Report. Retrieved 2010-04-19.
  11. ^ Crash Proof 2.0, pg. 120
  12. ^ a b Eddlem, Thomas R. (September 17, 2009), "Peter Schiff Announces Conn. Senate Candidacy", The New American, retrieved 2010-04-10
  13. ^ "Euro Pacific Capital". www.europac.net. Retrieved 2009-03-04. {{cite web}}: Text "Video Archives" ignored (help)
  14. ^ "Euro Pacific Capital". www.europac.net. Retrieved 2009-03-04. {{cite web}}: Text "Weekly Radio Broadcast" ignored (help)
  15. ^ "Financial Sense Newshour's Ask The Expert: Peter D. Schiff 03.10.2007". www.financialsense.com. Retrieved 2009-03-04.
  16. ^ "Peter Schiff - FSU Editorial Archives". www.financialsense.com. Retrieved 2009-03-04.
  17. ^ Podfeed.net: Wall Street Unspun with Peter Schiff
  18. ^ a b c O'Keefe, Brian (January 23, 2009), "Peter Schiff: Oh, he saw it coming", Fortune, archived from the original on 2010-04-14, retrieved 2010-04-14
  19. ^ a b c Peter Schiff (February 20, 2009). Peter Schiff was right 2006-2007 - CNBC edition (Flash) (Television production (clip compilation)). Retrieved 2010-04-14.
  20. ^ "About Peter". Schiff For Senate. 2009.
  21. ^ a b "Peter Schiff Announces Bid for US Senate" (Press release). Peter Schiff for Senate 2010. September 17, 2009. Retrieved 2009-11-17.
  22. ^ "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
  23. ^ Crash Proof 2.0, pg. 300
  24. ^ "Peter Schiff Named Economic Advisor to the Ron Paul 2008 Presidential Campaign". Reuters.com Online News. Reuters. 2008-01-25. Retrieved 2008-10-08.
  25. ^ "Paul stumps for Sabrin in Newark". PolitickerNJ.com. 2008-04-28. Retrieved 2008-10-17.
  26. ^ "Peter Schiff: Stimulus Bill Will Lead to 'Unmitigated Disaster'", by Aaron Task, Yahoo Tech Ticker, Feb. 06, 2009 08:05am EST. Retrieved 2010-05-23.
  27. ^ [1] November 2008 The Reagan Counterrevolution
  28. ^ "Nov. 05, 2008". Wall Street Unspun. 2008-11-05. {{cite episode}}: Cite has empty unknown parameters: |episodelink= and |serieslink= (help)
  29. ^ a b c d e Ahran, Frank (Sunday, October 4, 2009). "Hard-Core Free-Marketeer A Conversation With Peter Schiff: Investor, Critic, Candidate". Outlook & Opinions. Retrieved 2009-10-03. {{cite news}}: Check date values in: |date= (help)
  30. ^ Peter Schiff for Connecticut Senator 2010
  31. ^ Peter Schiff Money Bomb a Success!
  32. ^ "Analyst Who Predicted Meltdown Leaning Towards Challenging Chris Dodd". theplumline.whorunsgov.com. 2009-05-26. Retrieved 2009-05-29.
  33. ^ "Survey: Peter Schiff Competitive With Chris Dodd, Rob Simmons" (Press release). Wilson Research Strategies. July 1, 2009. Retrieved 2009-11-17.
  34. ^ Cadei, Emily (2009-06-10), "Schiff Discusses Potential Dodd Challenge on Daily Show", Congressional Quarterly, retrieved 2010-02-05
  35. ^ Peter Schiff, Joe Scarborough (host) (2009-09-17). Peter Schiff formally announces his candidacy for U.S. Senate (Flash) (Television production). New York City: MSNBC. Retrieved 2010-04-11.
  36. ^ Peter Schiff (2009-09-17). It's official, I'm in (Flash) (Video blog). SchiffReport. Retrieved 2009-09-20.
  37. ^ "Home page". Schiff For Senate. 2009.
  38. ^ Baldwin Chapman, Joan (September 21, 2009). "Records That Don't Inspire Confidence". The Hartford Courant. Chesire. Retrieved 2009-09-23.
  39. ^ Slajda, Rachel (September 17, 2009). "Economist Peter Schiff Announces Run Against Chris Dodd". Talking Points Memo. Retrieved 2010-02-05.
  40. ^ a b Peter Schiff (May 22, 2010). Schiff for Senate - Republican convention results (Video blog) (Flash). Stamford, Connecticut: Schiff Report. Retrieved 2010-05-23.
  41. ^ "Conn. AG, ex-wrestling exec spar for US Senate", by Susan Haigh and Pat Eaton-Robb, Associated Press writers via Yahoo! News, May 22, 2010 2:55 am ET. Retrieved 2010-05-23.
  42. ^ a b Crash Proof 2.0, pg. 21
  43. ^ Swanson, Tim (April 21, 2008). "Interview with Peter Schiff". Ludwig von Mises Institute. Retrieved 2010-04-11.
  44. ^ Crash Proof 2.0 Chapter 1: Consumers, Not Producers (pps. 1-32)
  45. ^ Peter Schiff (2009-03-13). Why the Meltdown Should Have Surprised No One (Recorded live lecture). Auburn, Alabama: Ludwig von Mises Institute. {{cite AV media}}: External link in |title= (help)
  46. ^ Crash Proof 2.0, pg. 7
  47. ^ Crash Proof 2.0, pg. 76
  48. ^ Crash Proof 2.0, pg. 39
  49. ^ a b Peter Schiff (September 7, 2009). Debunking another critic (Flash) (Video Blog). Stamford: Schiff Report. Retrieved 2010-05-03.
  50. ^ a b c Slome, Wade. "The Emperor Schiff Has No Clothes". Retrieved 2010-05-03.
  51. ^ Krantz, Matt (October 10, 2007). "Bull rides into fifth anniversary". Wall Street Journal.
  52. ^ Roth, Allan (December 18, 2009), "Why It Wasn't a 'Lost Decade' for Investors", CBS MoneyWatch.com, archived from the original on 2010-05-03, retrieved 2010-05-03
  53. ^ Paradis, Tim (March 7, 2010). "The Rebound: Numbers tell story of market recovery". BusinessWeek.
  54. ^ a b Tyson, Eric. “I Don't Think I've Been Wrong on Anything”
  55. ^ a b Przemyslaw Radomski (February 2, 2010). "Silver Is Poised to Rise in The Long Run, But The Short-term Situation Is Complicated". Kitco. Retrieved 2010-05-04.
  56. ^ Wallison, Peter J. (2008-12-09). "''What Got Us Here?'', December 2008". Aei.org. Retrieved 2010-05-01.
  57. ^ This American Life. "NPR-The Giant Pool of Money". Pri.org. Retrieved 2010-05-01.
  58. ^ Peter Schiff's accurate forecast of credit card market trouble
  59. ^ December 2007 Associate Press Story on Credit Card Defaults validates Schiff's gloomy predictions
  60. ^ Bezemer, Dirk J (June 2009). ""No One Saw This Coming": Understanding Financial Crisis Through Accounting Models". Munich Personal RePEc Archive. Retrieved 2010-04-22.
  61. ^ Coy, Peter (April 16, 2009), "What Good Are Economists Anyway?", Business Week, archived from the original on 2010-04-22, retrieved 2010-04-22
  62. ^ Task, Aaron (November 24, 2008), "'Crisis Only Just Beginning': Right About the Crash, Peter Schiff Sees More Pain Ahead", Yahoo! Finance, archived from the original on 2010-04-14, retrieved 2010-04-14
  63. ^ Pressler, Jessica (September 17, 2009), "Financial Pundit Peter Schiff Launches Senate Run", New York Magazine, retrieved 2010-04-16
  64. ^ Peter Schiff (November 13, 2006). Peter Schiff Mortgage Bankers Speech (Flash) (Recorded live lecture). Las Vegas: Western Regional Mortgage Bankers Association. Retrieved 2010-04-14.
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References

  • Schiff, Peter (2009). Crash Proof 2.0: How to Profit From the Economic Collapse, 2nd Edition. John Wiley & Sons. ISBN 978-0-470-47453-2 3. {{cite book}}: Check |isbn= value: length (help)

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