38 Facts About Peter Schiff

Peter David Schiff is an American stockbroker, financial commentator, and radio personality.

Peter Schiff co-founded Echelon Wealth Partners in Canada.

Peter Schiff is involved in other financial services companies including Euro Pacific Asset Management, as an independent investment advisor, and Schiff Gold.

Peter 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.

Irwin Peter Schiff was a prominent figure in the US tax protester movement.

Peter Schiff died in federal prison in October 2015 while he was serving a sentence of at least 13 years for tax evasion.

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".

Peter Schiff 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".

On October 20,2015, four days after the death of his father, Peter Schiff accused the Federal Bureau of Prisons of inhumanely treating his father and not allowing the usual humanitarian release.

Peter Schiff began his career as a stockbroker at a Shearson Lehman Brothers brokerage in the early 1990s.

Peter Schiff sold Euro Pacific Capital, which is called Alliance Global Partners.

Peter Schiff founded Euro Pacific Bank, a full reserve banking operation originally in St Vincent and the Grenadines.

Regulators liquidated the bank, and Peter Schiff paid $300,000 in fines.

Peter Schiff was paid $360,000, and the respondents removed all versions of the 60 Minutes broadcast.

Peter Schiff has stated that he lost millions of dollars due to the investigation.

Peter 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.

Peter Schiff attributed the low savings rate to what he asserts are high inflation and artificially low interest rates set by the Federal Reserve.

In 2008 and 2010 appearances on Fox News and financial news network CNBC, Peter Schiff mentioned factors such as speculation and "the absence of lending standards" as factors that had contributed to the housing crisis, which began in 2007.

Peter Schiff added that Americans would no longer be able to make purchases using their credit card lines.

In March 2011, Peter 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.

Peter Schiff's 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.

On January 19,2020, Peter 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.

Schiff's warnings of a coming economic collapse earned him the moniker "Dr Doom", A YouTube fan video, "Peter Schiff was right," became popular in late 2008 and 2009.

Peter Schiff's views have been criticized several times by economist Paul Krugman, who defines inflation very differently from Peter Schiff, focusing on CPI increases rather than monetary and asset price inflation.

Peter Schiff believes inflation eventually leads to increases in consumer prices after an indefinite waiting period.

In January 2012, Peter Schiff stated that a US debt crisis and high consumer price inflation had been delayed merely by government policy.

In November 2008, Peter Schiff said he supported the reduction of government economic regulation and was concerned that the Obama administration might instead increase such regulation.

Peter Schiff said that the Great Recession provided an opportunity to transition from borrowing and spending to saving and producing.

Peter Schiff 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.

In contrast, Peter 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.

Peter Schiff was an economic adviser to Ron Paul's 2008 presidential campaign.

On July 9,2009, Peter Schiff launched an exploratory committee and an official campaign website.

Peter Schiff's campaign received endorsements from Ron Paul and Steve Forbes.

Peter 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.

Peter Schiff did not endorse McMahon in the 2012 Republican primary but rather her opponent, former representative Christopher Shays.

Peter Schiff is a video blogger on the internet and distributes his media through YouTube, Euro Pacific Capital, and iTunes.

Peter Schiff has appeared four times as a guest on Joe Rogan's YouTube series and podcast.

Peter Schiff has been a commentator on CNBC and Fox Business.