Peter Schiff – Twitter, Released on 1/20/23
The claim that the U.S. has never defaulted on its #debt is false. Prior to 1971 U.S. Federal Reserve Notes were obligations of the Federal Reserve to pay a fixed weight in #gold. The U.S. defaulted on that obligation and creditors didn't receive any of the gold they were owed.
— Peter Schiff (@PeterSchiff) January 20, 2023
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.