Economics superstar Peter Schiff. Famous among many for sound economic thought and witty CNBC comments. Peter has had a few viral hits such as ‘Peter Schiff Was Right’ which is a YouTube video showing his warnings that we have economic problems ahead, post 2008 this exploded and Peter gained a lot of kudos from the online communities.
I myself am a massive Peter Schiff fan and own a couple of his books such as Crash Proof, and How An Economy Grows, And Why It Crashes. If you are new to Peter Schiff and his sometimes controversial viewpoint. Then Id summarise his beleave in the five bullet points below:
- Small government
- Free markets
- Sound money policies
- Real economic growth
The attached video is a great introduction to schiffology. What amazes me is once you learn and understand his viewpoint its very easy to see common miss perceptions made by other finance professionals about the market. Its clear to see why peter Schiff was right and Keynes Economics vs Austrian Economics is an ongoing argument that will continue for some time. Understanding the effects of both types of economic theory is important to asset formation and protection because you can not rely on the government for help.
If you are planing on building assets in the future, which I assume you are if you are reading this webpage then it pays to have sound financial knowledge so you can avoid the pitfalls made by many. If your holding US dollars, then you will need to seriously evaluate the safely of the asset class you are invested into.
If you have no interest in economics or asset formation then the sheer entertainment of hid debates may amuse you. I often snigger at the lazar comments he fires at his opponents resulting in an air of silence. Sometimes you just cant argue with simple logic.
Watch out for the ongoing stealth tax and look out for Peters future analysis.