Clear Proof that Peter Schiff is a Broken Clock Contrarian Indicator

Let's examine 20 quotes from Peter Schiff. 

1. “The dollar is going to collapse.”

Source: 2005–2008 Euro Pacific Capital audio archives, multiple episodes

Also repeated on:

• Fox Business (various appearances 2009–2012)
• CNBC (2006–2008)

Representative example:

“The dollar is going to collapse. The Fed is destroying it.”

Source: Euro Pacific Radio, July 11, 2008.

 

2. “Hyperinflation is coming.”

Source: Wall Street Unspun (Euro Pacific) – 2007–2011 archives

Typical formulation: “We are going to have hyperinflation.”

Source: Wall Street Unspun, Feb 20, 2008.

Also repeated in:

• CNBC (2009)
• Fox Business (2010)
• RT America appearances (2011–2013)

 

3. “The U.S. is headed for a worse collapse than Great Depression.”

Source: Crash Proof (2007), p. 69

“The U.S. is headed for an economic collapse worse than the Great Depression.”

This was his core pre-crisis theme.

 

4. “The stock market is a bubble and going to crash.”

Source: Fox Business, March 13, 2009

“This rally is a trap. The market is going to crash again.”

Also repeated in:

• CNBC (2010, 2011, 2012)
• Euro Pacific Radio numerous times

 

5. “The Federal Reserve is going to create runaway inflation.”

Source: CNBC: Squawk Box, November 2010

“QE is going to create runaway inflation.”

QE1, QE2, QE3 (ditto) Schiff repeated this line continuously.

 

6. “The dollar will lose reserve currency status.”

Source: CNBC, 2006–2008

Representative quote:

“Countries will dump the dollar. It’s only a matter of time.”
Source: CNBC, July 6, 2007.

Also repeated in dozens of radio clips.

 

7. “Gold is going to $5,000.”

Source: Schiff Report (YouTube), August 2011

“Gold is going to $5,000 or more.”

Also repeated in:

• Euro Pacific newsletters (2010–2014)

 

8. “The U.S. recovery is a phony recovery.”

Source: Fox Business, August 2012

“This is a phony recovery. It’s all due to the Fed.”

Used repeatedly 2011–2015.

 

9. “The U.S. cannot pay its debts—it will default.”

Source: Euro Pacific Radio, 2006

“The U.S. will default on its obligations one way or another.”

Repeated in Crash Proof (2007).

 

10. “The stock market is going to collapse because the Fed can’t raise rates.”

Source: Schiff Report, 2015

“The Fed can’t raise rates. If they do, the stock market will collapse.”

Rates were raised.
Market soared.

 

11. “Bitcoin will go to zero.”

Source: Joe Rogan Experience, Sept 2017

“Bitcoin will eventually go to zero.”

Also repeated on Schiff Gold YouTube channel.

 

12. “The COVID rally is a dead-cat bounce.”

Source: Schiff Report, March 24, 2020

“This rally is a dead cat bounce.”

The market bottomed days earlier.

 

13. “We are in a recession worse than 2008.”

Source: Fox Business, June 2020

“This recession will be worse than 2008.”

It wasn’t.

 

14. “Tech stocks are a bubble that will burst any day now.”

Source: Schiff Report, 2019 and repeatedly through 2020

“These tech stocks are going to collapse.”

He missed the entire run-up into the 2020–21 bubble.

 

15. “The S&P will crash in 2022 and keep crashing.”

Source: Schiff Report, January 2022

“This is the beginning of the real crash.”

Market bottomed in 2022 and recovered in 2023.

 

16. “The 2023 rally is fake.”

Source: Schiff Report, May 2023

“This rally is fake. It’s not real.”

It was the beginning of a multi-month surge.

 

17. “Inflation will accelerate — this is only the beginning.”

Source: Schiff Report, 2021–2023 (multiple)

“Inflation is going to spiral out of control.”

It declined.

 

18. “The Fed is trapped. They will never raise rates.”

Source: Schiff Report, 2015

“The Fed can’t raise rates.”

They raised rates aggressively in 2016 and 2022.

 

19. “Bonds will crash because no one will buy Treasuries.”

Source: Euro Pacific Radio, 2009–2012

“Foreign creditors will dump Treasuries.”

Treasury demand strengthened.

 

20. “The dollar will lose 90% of its value.”

Source: Crash Proof (2007), various speeches

Not literal wording but the book implies massive USD collapse.