Print

This is the cold record of the most repeatedly wrong, consistently harmful, and commercially motivated doom merchants in modern finance.

This is not opinion.

It’s documented forecasts vs. outcomes, aligned with the marketing engines behind them.

THE DOOMER HALL OF SHAME

A Forensic Dossier on the Worst Forecasters in Modern Finance

1. PETER SCHIFF

Primary Grifts: Gold, mining stocks, doom podcasts, newsletter placements

Method: Repeat the same decade-old “dollar collapse” script, ignore contradictory evidence, claim victory on technicalities.

Charges:

Failed forecast: Permanent dollar collapse
Failed forecast: 2010s equity crash “far worse than 2008”
Failed forecast: Gold to $5,000–$10,000 “soon”
Failed forecast: Tech sector collapse through 2010s
Failed forecast: Hyperinflation after QE
Repeated: Wrong for 15 consecutive years on interest rates, inflation, dollar, equities, and tech.

Harm to investors:

Chronically underweight equities through one of the strongest bull markets in history
Overexposure to gold miners during their worst decade
Encouraged viewers to miss multi-decade compound returns in tech

Verdict:
Serial Underperformer.

Marketing-driven doom pundit whose “predictions” would have vaporized a portfolio.

R2. OBERT KIYOSAKI

Primary Grifts: Gold, silver, Bitcoin, crisis seminars, newsletter affiliate deals

Method: Nonstop crisis countdowns tied to book promotions.

Charges:

“Biggest crash in history” every 1–2 years for over a decade
Recommends dumping stocks at every bull-market stage
Pushes silver and Bitcoin as “final survival assets”
Gives no timelines that ever match events
Positions all crashes as “fake money collapse”

Harm to investors:

Encouraged novices to exit markets prematurely
Heavy losses for followers chasing silver during hype phases
No documented, time-stamped success — only rolling apocalyptic marketing

Verdict:

Financial infotainment clown.

Zero forecasting ability.

Maximum hype-to-accuracy gap.

3. HARRY DENT

Primary Grifts: Crash books, demographic apocalypse newsletters

Method: Specific, time-stamped mega-crash predictions that never occur.

Charges:

Dow 3,000 by 2013
Dow 6,000 “by 2017”
“Biggest crash ever” by June 2021
Repeated end-of-America claims dating to the 1990s

Harm to investors:

Induced chronic fear, missed compounding
Followers repeatedly sold at bottoms and sat out rebounds

Verdict:

Unbroken streak of catastrophic timing errors.

4. DOUG CASEY & CASEY RESEARCH

Primary Grifts: Junior miners, pump-and-dump cycles, libertarian-apocalypse marketing

Method: Sell gold doom → Sell junior miners as leverage → Sell newsletters on both.

Charges:

Promoting countless microcap miners that collapsed
Recycled “End of America” narratives since 1980s
Heavy involvement in copywriting-driven stock promotion
Ideology repackaged as investment research

Harm to investors:

Massive losses from speculative mining stock blowups
Misled retail audiences with “10x–100x near-term” narratives
Used by Agora-style firms as fear amplifiers

Verdict:

Resource-sector doom profiteer.

More marketing than research.

5. PORTER STANSBERRY / AGORA EMPIRE

Primary Grifts: Copywriting-driven doomsday newsletters; gold-funnel marketing

Method: Manufacture crises → Sell “urgent survival” research → Upsell $2k–$5k newsletters.

Charges:

“End of America” — used as the most successful doomer sales funnel in history
Promoted illegal pump-and-dump material in earlier years
Uses “ex-CIA,” “ex-Pentagon,” “insider banker” fronts for credibility
Uses fear to sell high-priced subscriptions with no track record

Harm to investors:

Encourages concentration in speculative juniors, options, crypto, frontier assets
Creates a fear ecosystem designed for maximum click-to-sale conversion

Verdict:

Industrial-scale fear exploiter.

Origin point for many of the world’s doom memes.

6. JIM RICKARDS

Primary Grifts: Gold doom narratives, currency-collapse books, geopolitical fear products

Method: Blend intelligence mystique with Armageddon predictions.

Charges:

Gold to $10,000–$27,000 imminently
Dollar collapse repeatedly predicted for the 2010s and 2020s
“Ice-9” financial freeze scenario never materialized
Fear-based book releases tied to “next crisis countdowns”

Harm to investors:

Overexposed readers to gold at poor entry points
Induced chronic hedging in assets that underperformed
No documented timeframe hits

Verdict:

Gold doomer with theatrical flair but zero forecasting accuracy.

7. MARC FABER

Primary Grifts: Bearish newsletters, doom-themed commentary

Method: Assume everything is overpriced and perpetually nearing collapse.

Charges:

Called for massive equity collapse through 2010s
Missed entire decade-long bull run
Systematic fear messaging without actionable precision

Harm to investors:

Underperformed by avoiding equities despite massive multi-year returns
Followers who listened left enormous compounding on the table

Verdict:

Chronic perma-bear.

Wrong for an entire generation of investors.

8. RAOUL PAL

Primary Grifts: Crypto-cycle hyperbole, macro-crisis narratives

Method: Glossy production; bold cycle calls; wildly optimistic crypto timing.

Charges:

ETH to $20,000 by March 2022
“This is the biggest macro opportunity of your lifetime” every six months
Constantly shifting narratives (macro → crypto → macro → crypto)

Harm to investors:

Retail bought into ETH and altcoins near 2021 peak
Severe drawdowns induced by poorly timed hype
Overconfidence laundering via macro jargon

Verdict:

Crypto doomer turned moonboy — wrong on both ends.

9. NOURIEL ROUBINI (POST-2008 PHASE)

Primary Grifts: Media celebrity economist

Method: Extend crisis warnings indefinitely after 2008 victory.

Charges:

Double-dip recession predictions that didn’t materialize
Repeated downbeat equity predictions during historic bull markets
Underestimated gold and tech performance

Harm to investors:

Overly defensive positioning leads to chronic underperformance
Reputation rests on one major hit, not sustained accuracy

Verdict:

Positioned inappropriately as historically important for 2008 by the media, but in reality a broken clock with a decade of missed calls after 2008.

10. GEORGE GAMMON / MACRO YOUTUBE COMPLEX

Primary Grifts: CPI fear porn, “Fed endgame,” gold/crypto referrals

Method: Algorithm-optimized apocalypse thumbnails.

Charges: