USA Watchdog, Released on 2/26/23
Schiff says, “We already have inflation. So, prepare for the consequences of inflation. It is going to raise prices, but it is also a massive transfer of wealth. You have to position yourself to be a winner and not a loser. . . .Creditors are going to get wiped out. People think they are playing it safe in a bond portfolio. Look how bad bonds did last year. It was the worst year in history, and you ain’t seen nothing yet.”
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.