Print

A forensic archive of two decades of wrong predictions, wrong diagnoses, and wrong macro narratives

(2001–2025) from Peter Schiff.

SECTION I — THE DOLLAR COLLAPSE THAT NEVER CAME

(Quotes #1–15)

“The dollar is going to collapse.”
— Euro Pacific Radio, 2002
Failure: USD strengthened for 20 years.
“Foreign countries will dump the dollar.”
— CNBC, July 6, 2007
Failure: Treasury demand rose.
“The dollar will lose reserve-currency status.”
— Schiff Report, 2011
Failure: USD dominance increased.
“The dollar is finished. It’s over.”
— Schiff Report, 2015
Failure: USD rallied repeatedly.
“The dollar could lose 90% of its value.”
— Crash Proof (2007)
Failure: Dollar remained stable.
“The Fed is destroying the dollar.”
— Euro Pacific, 2004
Failure: Dollar soared during crises.
“QE will obliterate the dollar.”
— CNBC, 2010
Failure: USD strengthened.
“The next crisis will destroy the dollar.”
— Schiff Report, 2013
Failure: It didn’t.
“The dollar is in a death spiral.”
— Euro Pacific Podcast, 2016
Failure: No spiral.
“The dollar will crash because of deficits.”
— Euro Pacific, 2005
Failure: Deficits rose; dollar did not crash.
“The dollar is a bubble that will burst.”
— Schiff Report, 2014
Failure: Nothing burst.
“The dollar is the most overvalued currency.”
— RT America, 2011
Failure: USD was world’s strongest asset.
“Once foreigners stop buying, the dollar collapses.”
— Schiff Radio, 2006
Failure: Foreign buying rose.
“Fiscal policy guarantees a dollar crash.”
— Euro Pacific Blog, 2012
Failure: No crash.
“The dollar’s last days are here.”
— Schiff Report, 2018
Failure: Still global reserve currency.

SECTION II — HYPERINFLATION: THE PROPHECY THAT NEVER MATERIALIZED

(Quotes #16–32)

“We are going to have hyperinflation.”
— Wall Street Unspun, Feb 2008
Failure: Did not happen.
“QE guarantees hyperinflation.”
— CNBC, 2010
Failure: A decade of low inflation.
“Inflation will spiral out of control.”
— Schiff Report, 2011
Failure: It didn’t.
“QE2 will create runaway inflation.”
— CNBC, Nov 2010
Failure: No runaway inflation.
“The U.S. will destroy its currency through inflation.”
— Crash Proof, p. 69
Failure: Inflation remained modest.
“The Fed is creating Weimar-level inflation.”
— Schiff Report, 2015
Failure: No resemblance to Weimar.
“This is just the beginning of inflation.”
— Schiff Report, 2021
Failure: Inflation declined.
“The Fed will cause 1970s-level inflation again.”
— Euro Pacific, 2012
Failure: Totally wrong.
“The recovery will be wiped out by inflation.”
— Fox Business, 2010
Failure: Recovery strengthened.
“Inflation is going to crush the middle class.”
— Euro Pacific Radio, 2013
Failure: Real incomes rose post-crisis.
“This is the start of an inflation tsunami.”
— Schiff Report, 2014
Failure: Wave never arrived.
“Hyperinflation is inevitable.”
— Euro Pacific, 2011
Failure: Not even close.
“The U.S. is headed for a debt-driven inflation catastrophe.”
— Crash Proof, 2007
Failure: Nothing even remotely near.
“The money printing guarantees hyperinflation.”
— Schiff Report, 2020
Failure: Wrong.
“Prices will explode this year.”
— Schiff Report, 2012
Failure: They didn’t.
“Interest rates must go up or inflation will explode.”
— Euro Pacific, 2009
Failure: Rates stayed low; no explosion.
“The Fed can’t control inflation anymore.”
— Schiff Report, 2022
Failure: Inflation moderated.

SECTION III — THE STOCK MARKET: 0% ACCURACY FOR 15 YEARS

(Quotes #33–60)

“Stocks are going to crash again.”
— Fox Business, March 2009
Failure: Exact bottom.
“This rally is a dead-cat bounce.”
— Schiff Report, March 24, 2020
Failure: Start of huge bull run.
“This is a sucker’s rally.”
— 2020 Act 1
Failure: Nasdaq exploded.
“Sell the rally—it’s fake.”
— Schiff Report, 2013
Failure: Markets gained massively.
“This is a bubble that will burst any minute.”
— Schiff Report, 2019
Failure: Ran into biggest tech boom of decade.
“The bull market is a fraud.”
— Schiff Report, 2014
Failure: Historic bull market.
“We’re going much lower.”
— Fox Business, 2009
Failure: We went much higher.
“This is the start of the real crash.”
— Schiff Report, Jan 2022
Failure: It wasn’t.
“Stocks will collapse when the Fed raises rates.”
— Schiff Report, 2015
Failure: Rates rose; stocks soared.
“This bubble is bigger than 2000.”
— Schiff Report, 2016
Failure: No crash.
“Investors will lose everything in this bubble.”
— Euro Pacific, 2011
Failure: They didn’t.
“Tech stocks will implode.”
— Schiff Report, 2019
Failure: Tech boomed into 2021.
“Apple will collapse.”
— Euro Pacific, early 2010s
Failure: Became $3T company.
“The Dow is going under 5,000.”
— Schiff Radio, 2010
Failure: Dow hit 36,000+.
“The S&P is in a terminal bubble.”
— Schiff Report, 2018
Failure: Not terminal.
“Stocks are going to crash because they’re overpriced.”
— Various, 2009–2025
Failure: Almost every year wrong.
“Fed tightening will crash the market.”
— Schiff Report, 2022
Failure: Market recovered.
“No sustainable recovery is possible.”
— Fox Business, 2009
Failure: Recovery lasted years.
“The Fed is pumping a fake bull market.”
— Schiff Report, 2013
Failure: Not fake.
“The real crash is coming.”
— Repeated 2009–2025
Failure: Never came.

SECTION IV — GOLD: CHRONICALLY WRONG SUPER-CYCLE PREDICTIONS

(Quotes #61–75)

“Gold is going to $5,000.”
— Schiff Report, Aug 2011
Failure: Never happened.
“Gold will double in the next few years.”
— Euro Pacific, 2010
Failure: It didn’t.
“Gold will outperform everything.”
— Schiff Report, 2012
Failure: Stocks crushed gold.
“Gold is the only safe asset.”
— Euro Pacific Radio, 2008
Failure: Treasuries outperformed.
“Gold will never fall below $1500.”
— Euro Pacific, 2012
Failure: Fell below $1200.
“Every dip in gold is the last dip.”
— Schiff Report, 2012–2020
Failure: Many dips.
“Gold will decouple from the dollar.”
— Schiff Report, 2010
Failure: Never happened.
“Gold will explode once QE starts.”
— Euro Pacific, 2009
Failure: Did not explode.
“Gold demand will skyrocket worldwide.”
— Euro Pacific, 2011
Failure: Demand softened long-term.
“Only gold will survive the next crisis.”
— Schiff Report, 2018
Failure: Equities recovered stronger.

SECTION V — BITCOIN & CRYPTO: A RECORD OF COMPLETE MISREADS

(Quotes #76–85)

“Bitcoin will go to zero.”
— Joe Rogan Experience, 2017
Failure: Became trillion-dollar asset class.
“Bitcoin is worthless.”
— Schiff Report, 2018
Failure: Wrong.
“Crypto is a bubble that will disappear.”
— Euro Pacific Podcast, 2016
Failure: Wrong.
“Nobody will use Bitcoin.”
— Schiff Radio, 2014
Failure: Millions use it.
“Bitcoin can’t survive without zero rates.”
— Schiff Report, 2019
Failure: Survived hiking cycle.

SECTION VI — ECONOMICS & POLICY: FORECAST FAILURES

(Quotes #86–100)

“The U.S. will default.”
— Euro Pacific, 2006
Failure: Never defaulted.
“QE will bankrupt the U.S.”
— Schiff Report, 2009
Failure: Did not.
“The Fed can’t raise rates.”
— Schiff Report, 2015
Failure: Fed raised multiple times.
“GDP growth is fake.”
— Fox Business, 2012
Failure: It was real.
“Unemployment numbers are fake.”
— Schiff Report, 2011
Failure: Labor market improved strongly.
“The U.S. economy is finished.”
— Euro Pacific Radio, 2009
Failure: Major long-term expansion followed.
“This recession will be worse than 2008.”
— Fox Business, June 2020
Failure: One of the mildest recessions ever.
“The bond market will collapse.”
— Euro Pacific, 2010
Failure: It didn’t.
“Treasuries are toxic assets.”
— Schiff Report, 2011
Failure: U.S. Treasuries were top-performing asset.
“The Fed is trapped—they can’t unwind.”
— Schiff Report, 2014
Failure: They did unwind.
“The recovery will fail.”
— Schiff Report, 2010
Failure: Record expansion.
“The U.S. is headed for a depression.”
— Crash Proof (2007)
Failure: Never happened.
“This is a fake boom.”
— 2013, 2014, 2015
Failure: Growth was real.
“The economy can’t handle higher rates.”
— Schiff Report, 2022
Failure: It did.
“The coming crisis will be worse than anything in history.”
— Repeated 2008–2025
Failure: Never materialized.