Peter Schiff is known for his bearish views on the dollar and dollar denominated assets, while bullish on investment in tangible assets, as well as foreign stocks and currencies. He appears frequently as a guest on CNBC, Fox News, and Bloomberg Television and is often quoted in major financial publications.
Schiff aligns himself with the Austrian School of economics, which is generally categorized as non-mainstream.
He believes that the economic policies of the U.S. are fundamentally unsound and predicts that the US. dollar will continue to lose value. He cites the low personal savings rate in the U.S. as being one of the causes of its transformation from the world's largest creditor nation in the 1970s to the largest debtor nation by 2000. He attributes the low savings rate to higher inflation and an artificially low interest rates set by the Federal Reserve Bank.
Since 2007, Schiff has stated many times that if the government doesn't change course there will be hyperinflation in the US. Schiff is one of a minority of economists credited with accurately predicting the financial crisis of 2007-2010.
In the following video from his appearance on the Breakout TV show on April 28, 2011, he offers his current take on the decisions of Fed Chairman, Ben Bernanke and advises to bet against the Fed and the dollar.
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