Peter Schiff
Economist/financial commentator; posts on macro, Fed/inflation, USD vs. gold/bitcoin; active debates on currency themes.
Prolonged Middle East Conflict Will Spike Oil and Inflation
Everyone thinks this war will be quick, clean, and somehow end with peace across the Middle East. That’s fantasy. We’ve heard this story before. Iraq. Afghanistan. Politicians promise “mission accomplished” and the real problems start right after. Markets are still far too optimistic about how this plays out. If this war drags out, and history says it will, energy prices go higher, inflation goes higher, and the economic fallout is just getting started. oilprices #inflation #iran
Weak Dollar Often Worsens, Not Fixes, Trade Deficit
A Weak Dollar Won’t Fix the Trade Deficit There’s a popular belief that a weaker dollar will reduce the U.S. trade deficit by boosting exports and reducing imports. In the short term, the opposite often happens. When the dollar falls, imports immediately become...
De-Dollarization Undermines US Military Financing Power
De-Dollarization Threatens US Military Power The dollar’s role in global trade is shrinking. As it loses value, I see us losing influence and even military strength, because our military depends on financing powered by the dollar. The markets are already showing...
Global Wealth Shift: US Cuts, Overseas Gains Ahead
A Massive Global Wealth Transfer Is Coming Americans will consume less, the rest of the world more. Capital is flowing overseas. This isn’t a crisis, it’s a wealth transfer — and there are winners if you know where to look. PeterSchiff #Economy...
MicroStrategy’s Bitcoin Bet Costs More Than Gold
Did MicroStrategy Make a Bad Bet on Bitcoin? Bitcoin made the headlines, but MicroStrategy’s numbers? Not so pretty. I’d have preferred gold, silver, or even interest-bearing cash. Opportunity cost matters — don’t get caught chasing hype. Bitcoin #PeterSchiff #CryptoNews #Investing #GoldVsBitcoin #FinanceTalk...