Dubbed as Mr. Doom and Gloom, peter schiff is born and raised in New Haven Connecticut. The son of the famous United States tax protester, Irwin Schiff, he graduated in the University of California, Berkeley, with a degree in finance and accounting.
Peter Schiff is very controversial because of his predictions regarding the United States economy. He is the Chief Executive Officer of Euro Pacific Capital Inc. and the CEO of Euro Pacific Precious Metals, LCC.
He is an investment broker, consultant, and also an author of books pertaining to the economy. His books include: How An Economy Grows and Why It Crashes, The Little Book of Bull Moves In Bear Markets, Crash Proof: How To Profit From The Coming Economic Collapse, and Crash Proof 2.0: How To Profit From The Economic Collapse.
His books are very good because he knows how to engage his readers. He breaks everything down into something that is easier to understand and digest. His book How An Economy Grows and Why It Crashes is illustrated so that parents can let their kids understand it. It tells of the story of 3 men that were on an island, and how their actions describe the economy.
At first, many people raised their eyebrows when he made predictions about the crash of the housing market. But it eventually happened. He is a firm believer that gold and precious metals should be your best bet in stocks because the US dollar is unreliable because it is already devalued and continuing to be so.
His predictions are linked to his understanding of an heterodox (outside the mainstream) school of thought known as the Austrian School. He says his father, Irwin Schiff introduced him to the school of thought.
He is famous for having said on television, “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.”
Many remained skeptical when he said,“What’s going to happen in 2007 is that real estate prices are going to come crashing back down to Earth”. But it did happen and a famous YouTube video called Peter Schiff Was Right has reached almost more than 1.5 millions hits, which vindicated him.
He is a popular guest in many media outlets such as Fox News, Bloomberg Television. His words are often quoted in many financial publications.
To get more of him, you can visit his blog at http://peterschiffblog.blogspot.com/ or you can listen to him online via http://www.schiffradio.com/
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