Peter Schiff @PeterSchiff Twitter profile

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Peter Schiff

4 years

America was founded by rugged individuals who created government to secure their rights and leave them alone. Americans today want government to violate other people's rights, steal their stuff, and give it to them. The home of the free has become the land of the freeloader.

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Peter Schiff

@PeterSchiff

3 years

I was wrong about #Bitcoin .

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Peter Schiff

@PeterSchiff

2 months

Let me get this straight. Sophisticated big banks decided to loan #Trump money, were repaid in full with interest, never complained, and now Trump was fined $365 million because some judge claims Trump obtained those loans based on fraud. The real fraud is NY's kangaroo court.

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Peter Schiff

@PeterSchiff

2 years

I agree with @kanyewest . George Floyd died of a fentanyl overdose. That's consistent with the original autopsy, the physical evidence, witness testimony, and body cam footage the jury ignored. Even if I'm wrong, I have a right to my opinion. I dare Roxie Washington to sue me too.

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Peter Schiff

@PeterSchiff

2 years

I admit it. You guys are right. I am #Satoshi . Not only am I HODLing billions worth of #Bitcoin , but I'm still buying. That's why I constantly bash Bitcoin. I'm hoping weak hands will sell so I can buy more. My goal is to own all 21 million so I can have the moon all to myself!

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Peter Schiff

@PeterSchiff

3 years

@elonmusk 🍆

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Peter Schiff

@PeterSchiff

1 year

I don't understand how @kevinolearytv can claim to have lost $15 million in #FTX , when the entire $15 million was given to him by @SBF_FTX to pump FTX. Kevin's only loss is to his reputation. A lot of people who aren't nearly as rich lost hard-earned money due to his endorsement.

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Peter Schiff

@PeterSchiff

3 years

Two weeks after @elonmusk announced that he spent $1.5 billion of shareholder money buying Bitcoin, #Tesla stock entered a bear market, plunging 20% from its all-time high set on Jan. 25th, and 16% since disclosing the #Bitcoin buy. Not an example other CEOs will likely follow!

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Peter Schiff

@PeterSchiff

2 years

@elonmusk As an avid #Twitter user I'm very glad you bought the company. I think you overpaid, but as you wrote there is much more at stake here than money. But to the extent that you raised the money by selling over-priced $TSLA shares, it really doesn't matter. Godspeed on this journey.

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Peter Schiff

@PeterSchiff

4 years

Since Princeton University is removing Woodrow Wilson's name from its buildings due to his racist thinking and policies, I think we should also repeal the Federal Income Tax and The Federal Reserve, as both acts were signed into law by Wilson. Letting either law stand is racist.

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Peter Schiff

@PeterSchiff

3 years

My son @SpencerKSchiff went all in on #Bitcoin on the last drop below $50k. 100% of his portfolio is now in Bitcoin. He sold the last of his #silver stocks to raise the cash. If my own son is this brainwashed imagine how vulnerable most kids are. He's HODLing to infinity or bust.

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Peter Schiff

@PeterSchiff

3 years

. @JoeBiden is wrong. We're not coming out of the darkest period in U.S. history, we're just entering it. The problem wasn't the disease but the government's cure, which will be fatal for the dollar and the economy. There's no vaccine to protect us from an inflationary depression.

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Peter Schiff

@PeterSchiff

1 year

A year ago #Bitcoin hit $69,000. One of the main reason for the spectacular rally was all the leverage that funded unprecedented #crypto advertising and speculative buying. The #FTX bankruptcy proves the entire rally was a fraud. It will never be repeated. Bitcoin mania is over.

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Peter Schiff

@PeterSchiff

3 years

Even if #CovidVaccines are appropriate in all circumstances, the decision to be vaccinated must be left to the individual. It's never appropriate for a government to force individuals to subjugate their rights for the public good. Individual rights are the bedrock of freedom.

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Peter Schiff

@PeterSchiff

2 years

@elonmusk From a diversification and valuation perspective the sale makes a lot of sense. The fact that you'll have to pay taxes on the proceeds however is not a net benefit to society. The public would be better served by you wisely investing that money rather than government wasting it.

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Peter Schiff

@PeterSchiff

1 year

The U.S. Treas. Sec. has admitted the only way to avoid a default on the National Debt is to raise the #DebtCeiling so the Govt. can borrow from new lenders to repay existing lenders. This amounts to an official admission that the U.S. is running the world's largest Ponzi scheme.

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Peter Schiff

@PeterSchiff

3 years

If a single @elonmusk tweet can have so much influence over the price of #Bitcoin how can anyone seriously consider it to be money? How can Bitcoin be a safe-haven asset if a one-word tweet puts it at risk? It should be clear by now that buying Bitcoin is gambling, not investing.

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Peter Schiff

@PeterSchiff

3 years

According to @elonmusk "Bitcoin is almost as BS as fiat money." So Musk regards both #Bitcoin and fiat as BS. I agree, I just think Bitcoin, which is digital fiat, is even more BS than the paper fiat issued by central banks. #Gold is not BS. It's real money and better than both!

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Peter Schiff

@PeterSchiff

3 years

So far in 2021 #Bitcoin has lost 97% of its value verses #Dogecoin . The market has spoken. Dogecoin is eating Bitcoin. All the Bitcoin pumpers who claim Bitcoin is better than gold because its price has risen more than gold's must now concede that Dogecoin is better than Bitcoin.

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Peter Schiff

@PeterSchiff

1 year

The U.S. banking system is on the verge of a much bigger collapse than 2008. Banks own long-term paper at extremely low interest rates. They can't compete with short-term Treasuries. Mass withdrawals from depositors seeking higher yields will result in a wave of bank failures.

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Peter Schiff

@PeterSchiff

4 years

California proposed a .4% annual wealth tax that applies to former residents who already left within the past 10 years, and to current residents for ten years after they leave. The rate is reduced by 10% for each year of absence. Any wealthy person who moves into Cal. is nuts.

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Peter Schiff

@PeterSchiff

2 years

This could be a rough weekend for #crypto . #Bitcoin looks poised to crash to $20K and #Ethereum to $1K. If so, the entire market cap of nearly 20K digital tokens would sink below $800 billion, from nearly $3 trillion at its peak. Don't buy this dip. You'll lose a lot more money.

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Peter Schiff

@PeterSchiff

9 months

A sitting president, who himself likely committed multiple felonies, has indicted a former president and his chief political rival, on trumped up charges. This type of corruption is expected in banana republics, but who would've believed it was possible in The Good Ol' U.S. of A!

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Peter Schiff

@PeterSchiff

3 months

This is the best speech ever given at #Davos . If only we could elect a President like @JMilei here in the United States. The problem is we don't even have any candidates anywhere close to his caliber.

David Sacks

@DavidSacks

3 months

Best way to listen to the Milei speech in English, rendered using HeyGen, in his own voice.

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Peter Schiff

@PeterSchiff

3 years

. @elonmusk would you like join me for a conversation on Clubhouse?

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Peter Schiff

@PeterSchiff

2 years

Now that #Bitcoin has collapsed below $20K and #Ethereum below $1K, at least one person on @CNBC should apologize to their viewers for all the one-sided coverage and bad investment advice. As Bitcoin plunged 73% and Ethereum 83%, CNBC pumped #crypto non-stop the entire way down.

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Peter Schiff

@PeterSchiff

1 year

Anyone expecting a soft landing doesn't understand the situation. There will be no landing at all. The #economy will just crash and burn. As I warned long ago, the #Fed made a deal with the devil when it implemented ZIRP and QE to delay the pain. Now the devil is here to collect.

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Peter Schiff

@PeterSchiff

3 years

Thanks to @elonmusk for helping me reach 400,000 Twitter followers. @jack how many more do I need to get verified?

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Peter Schiff

@PeterSchiff

3 years

Congratulations to those who bought Bitcoin early, pumped up the price, and who've been dumping into the hype. You succeeded in getting Wall Street to buy into the mania. When I first learned about #Bitcoin I didn't think smart investors would be dumb enough to buy. I was wrong.

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Peter Schiff

@PeterSchiff

2 years

If #DonaldTrump were still president and U.S. GDP just contracted for a 2nd consecutive quarter, there's no way the media would not be reporting it as a #recession . Instead, the left-wing media is spreading #Democratic propaganda to redefine recession to pretend we're not in one.

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Peter Schiff

@PeterSchiff

3 years

What happens if you buy the dip and then it keeps on dipping?

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Peter Schiff

@PeterSchiff

2 years

When the National Debt hits $35 trillion next year, at a 6% interest rate, annual interest payments on the National Debt would exceed national defense, welfare, and education spending combined. At 8% interest would exceed Social Security, national defense, and education combined.

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Peter Schiff

@PeterSchiff

2 years

If #Bitcoin can collapse by 70% from $69,000 to under $21,000, it can just as easily fall another 70% down to $6,000. Given the excessive leverage in #crypto , imagine the forced sales that would take place during a sell-off of this magnitude. $3,000 is a more likely price target.

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Peter Schiff

@PeterSchiff

2 years

I understand times are hard, but doesn't the President of the #Ukraine own a suit? I don't have much respect for current members of the U.S. Congress either, but I still wouldn't address them wearing a t-shirt. I wouldn't want to disrespect the institution or the Unites States.

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Peter Schiff

@PeterSchiff

2 years

With #Bitcoin dropping below key support at $25K and #Ethereum below 1300, the combined market cap of nearly 20K #cryptos has broken below $1 trillion, from a record-high of $3 trillion. That's $2 trillion down, $1 trillion left to go. The last trillion will be the most painful.

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Peter Schiff

@PeterSchiff

3 years

If it's racist to require ID to #vote , then it's also racist to require ID to open a bank account, buy a gun, rent a car, check into a hotel, enter a bar or board an airplane. If you're not smart or responsible enough to get an ID, then you're too dumb or irresponsible to vote!

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Peter Schiff

@PeterSchiff

3 years

Bitcoin traded near $42K on Friday and near $30K on Monday. An asset that drops 28% over a weekend is not a safe-haven, a store of value, or a viable hedge against #inflation . If you want to gamble on #Bitcoin , buy Bitcoin. But if you want to hedge against inflation buy #gold .

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Peter Schiff

@PeterSchiff

9 months

Since #UPS drivers will soon be earning $170k per year, it doesn't make sense for most people to borrow huge amounts of money to spend four years in college, for starting salaries of around $50k, when they can earn over three times as much right out of high school driving trucks.

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Peter Schiff

@PeterSchiff

3 years

Right now @michael_saylor has a higher net worth than I do. #Bitcoin fixes this.

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Peter Schiff

@PeterSchiff

5 months

If the Supreme Court rules in favor of the government, and allows it to redefine income to include any unrealized appreciation in any asset, then it will grant the Federal Government a new power to nationalize the entire asset stock of the nation. In hyperinflation, the only…

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Peter Schiff

@PeterSchiff

7 months

In case no one has noticed, the U.S. #NationalDebt has risen by $444 billion in the past two weeks. At that pace the U.S. would be adding $11 trillion per year to the National Debt. Something is clearly going wrong. A sovereign debt and U.S dollar crisis can't be too far away.

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Peter Schiff

@PeterSchiff

2 years

Credit card debt soared by $17.8 billion in April, the second highest amount ever. The highest was March, when it soared by a staggering $25.6 billion. Consumers are completely tapped out. They're using their credit cards to buy food and pay for other essentials. #Stagflation .

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Peter Schiff

@PeterSchiff

1 year

According to @POTUS the government bank #bailout won't cost taxpayers any money. That's a lie. While it's true that no one's taxes will be raised to pay for it, the #Fed will print lots of money to cover the cost. That's #inflation and everyone will pay higher prices as a result.

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Peter Schiff

@PeterSchiff

1 year

I know there's a war, but #Zelensky isn't under fire. He flew to the U.S. aboard a U.S. government private jet, arrived at the White House in a Chauffeur Driven SUV, yet showed up wearing a sweatshirt. It's better than a t-shirt, but I still maintain the proper attire is a suit.

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Peter Schiff

@PeterSchiff

4 years

If Supreme Court justices did their jobs properly their political party affiliation would be irrelevent. It's only because they ignore the Constitution and decide cases based on politics not law that it's an issue. The Supreme Court is the branch that has failed America the most.

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Peter Schiff

@PeterSchiff

2 years

If #Bitcoin breaks $42K it's headed to $30K. If it breaks $30K it it could crash to $15k. All this might happen very soon. If you've borrowed money against your Bitcoin you had better sell enough Bitcoin now to repay your debt rather than be liquidated later at much lower prices.

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Peter Schiff

@PeterSchiff

5 months

Today I won my defamation case against Nine, The Age, Nick McKenzie, Charlotte Grieve and Joel Tozer. Justice Jackman of the Federal Court of Australia entered judgment in the sum of $550,000 against each of them in my favour, which is in excess of the statutory cap for damages…

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Peter Schiff

@PeterSchiff

3 years

@elonmusk If earth has a future currency, it'll be backed by real money, gold. If there's intelligent life on other planets, and we want to trade with them, they'll almost certainly accept payment in #gold . They'll refuse to accept payment in #Bitcoin or any other crypto or paper currency.

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Peter Schiff

@PeterSchiff

3 years

Bitcoin just isn't cool anymore. Who wants to own the same old-fashioned crypto currency that their grandparents own? Who wants to own the same crypto currency that hedge funds and Wall Street investment banks own? #Dogecoin is hip. #Bitcoin is for squares. Get with it HODLers!

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Peter Schiff

@PeterSchiff

2 years

The IRS and J5 targeted my bank due to my outspoken criticism of excess government taxation and regulation. Their illegal efforts to punish free speech, deprive me of property without due process, and needlessly put thousands of customers at risk, actually justifies my criticism.

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Peter Schiff

@PeterSchiff

3 years

@APompliano @SpencerKSchiff When you answered I felt like ordering a pizza.

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Peter Schiff

@PeterSchiff

2 years

A lot of people in the #crypto industry are saying that this crash is a healthy shake-out. I agree that it's healthy, but not for crypto. That industry as we know it is dead, which is very healthy for the economy. Crypto likely has a future, but #Bitcoin will not be a part of it.

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Peter Schiff

@PeterSchiff

2 years

Why is @POTUS blaming high #oil prices on #Putin invading the #Ukraine , when the price of a barrel of oil is lower today than it was the day before the invasion? The price of oil is up 70% since #Biden took office and is down 8% since the day before Putin invaded the Ukraine.

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Peter Schiff

@PeterSchiff

2 years

Don't get excited about #Bitcoin being back above $20K. 20 is the new 30. This is just another bull trap. Nothing drops in a straight line. In fact, this slow motion crash has been extremely orderly. No sign yet of any capitulation that typically forms a bear market bottom.

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Peter Schiff

@PeterSchiff

2 years

Despite no evidence of crimes, Puerto Rico regulators closed my bank anyway for net capital issues, rather than allow a sale to a highly qualified buyer promising to inject capital far in excess of regulatory minimums. As a result accounts are frozen and customers may lose money.

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Peter Schiff

@PeterSchiff

2 years

Bitcoin pumpers claim that #Bitcoin is a better store of value than #gold because it's price has risen more than gold's price. By that logic #Ethereum is a better store of value than Bitcoin. If Bitcoin is gold 2.0 then Ether is Bitcoin 2.0. Has Ether already disrupted Bitcoin?

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Peter Schiff

@PeterSchiff

2 years

Just to put the #Bitcoin rally into perspective, take a look at this chart. The pattern remains very bearish. There's both a double top and a head and shoulders top. There's a rising wedge forming below the neckline. At a minimum support will be tested below $10K. Look out below!

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Peter Schiff

@PeterSchiff

3 years

Just found out Twitter denied my request for verification. I more than meet all criteria. I have over 520K followers, a 5% engagement rate (extremely high), lots of fake Peter Schiff accounts, a Wikipedia page, 3 time NY Times best selling author, business owner. What's up @jack ?

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Peter Schiff

@PeterSchiff

3 years

Wishing my son @SpencerKSchiff a happy 19th birthday. As he gets older he will hopefully get wiser, and learn from his mistakes before he loses too much money on #Bitcoin . He currently has 97.7K Twitter followers. Help him hit 100K, a milestone Bitcoin is unlikely to ever reach.

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Peter Schiff

@PeterSchiff

2 years

#Putin has a far better understanding of #inflation and the U.S. economy than #Powell , or any member of the FOMC. Maybe this is the real reason why he is so dangerous.

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Peter Schiff

@PeterSchiff

2 years

@elonmusk It looks like I was right all along. You never actually intended to buy #Twitter . You were bluffing the entire time. How many Twitter shares did you sell before tweeting this announcement?

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Peter Schiff

@PeterSchiff

3 years

Hitched a ride on my neighbor @brockpierce 's jet. If only I'd bought #Bitcoin

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Peter Schiff

@PeterSchiff

1 year

I disagree with @kevinolearytv . More Govt. regulation is not the solution. The lesson of #FTX is for investors to do better due diligence and not just foolishly jump on speculative band wagons. Also, we need sound money with interest rates set by free markets, not central banks.

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Peter Schiff

@PeterSchiff

1 year

This is not a #crypto winter. That implies spring is coming. This is also not a crypto ice age, as even that came to an end after a couple of million years. This is crypto extinction. But #blockchain will live on. #Gold will rise again to lead a new breed of asset-backed cryptos.

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Peter Schiff

@PeterSchiff

1 month

Look who I ran into this afternoon on the beach in Dorado, Puerto Rico. @VivekGRamaswamy

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Peter Schiff

@PeterSchiff

26 days

So far in Q2 2024 here are the results: #Silver up 8.7% #Gold up 3.4% #Bitcoin down 7% The results speak for themselves.

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Peter Schiff

@PeterSchiff

3 years

Against my advice my 18-year old son @SpencerKSchiff borrowed money to buy more #Bitcoin . He is now 113% long. He likely can't even qualify for a credit card, but he can borrow money at 8% to buy Bitcoin. I'm sure this is typical among HODLers. The next crash will be brutal!

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Peter Schiff

@PeterSchiff

4 years

The national debt just passed $24 trillion, up $4 trillion since @realDonaldTrump took office. He will add more debt in 4 years than Bush did in 8. If reelected he will add more debt in 8 years than Bush & Obama did in 16. Instead of draining the swamp, he is draining the nation.

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Peter Schiff

@PeterSchiff

3 years

Instead of forgiving student debt, why not allow college grads to deduct the cost of their tuition, including interest on student loans, from their income taxes. If a degree is necessary to get a job, the cost to get it should be deductible from all income derived from that job.

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Peter Schiff

@PeterSchiff

2 years

The Bank of England has already pivoted. As collapsing #bond prices and rising rates threatened a financial crisis, the BOA announced a new QE program to print pounds and buy #gilts . Record UK #inflation will now soar. Which central bank will blink next? Hint, it rhymes with Ted.

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Peter Schiff

@PeterSchiff

6 months

JPMorgan Chase's Jamie Dimon is selling $JPM stock for the first time in 20 years. There is clearly nothing to worry about, as Dimon claims he is only selling stock because his family needs the money. With all this #inflation even the Dimon household needs an extra $135 million.

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Peter Schiff

@PeterSchiff

1 year

It's obvious that for the 8 years @Biden was VP, he was the head of an organized crime family, which laundered over $10 million in bribes, paid by foreign entities in exchange for political favors, through 16 shell companies, with distributions paid out to 9 Biden family members.

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Peter Schiff

@PeterSchiff

2 years

It's curious that #Bitcoin has held up so well around the $36K level. My guess is there is a concerted effort by large holders to prop up the price. Judging by the continued carnage in every stock related to #crypto , perhaps whales are selling those stocks to buy more Bitcoin.

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Peter Schiff

@PeterSchiff

1 year

The #Fed knows the #economy is so fragile that the failure of #SVB would cause a financial crisis. So it abandoned its #inflation fight and backstopped the banks instead. That proves #Powell was lying about both the strength of the U.S. economy and his resolve to fight inflation.

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Peter Schiff

@PeterSchiff

1 year

From a tactical perspective, I don't understand why the U.S. government didn't wait until after @SBF_FTX testified under oath before Congress tomorrow before charging him with a crime. Prosectors actually did #SBF a favor by saving him from himself.

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Peter Schiff

@PeterSchiff

6 months

Now that #SBF has been convicted it's time to go after all the dirty politicians who accepted his bribes. SBF never could have gotten away with his scam without their help. Regulators were also complicit and their ineptitude proves that free markets can do their job much better.

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Peter Schiff

@PeterSchiff

10 days

Congratulations Bitcoiners on the #Halving . Are you guys commemorating this occasion by throwing parties tonight? I haven't been invited to any. I think halving is an appropriate name for what's happening as soon #Bitcoin #HODLers will experience a halving of their net worths.

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Peter Schiff

@PeterSchiff

1 year

As I predicted #QE is back. Last week the #Fed 's balance sheet swelled by $300 billion, wiping out 4 months of QT in one week. By the end of the month the balance sheet could reach a new high. Rate hikes don't matter. #Inflation is headed much higher, thanks to #bank #bailouts .

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Peter Schiff

@PeterSchiff

1 year

The Bank of #Japan blinked and pivoted in the opposite direction. After artificially holding the 10-year JGB yield at .25%, the BOJ just raised the target rate to .5%. More hikes are coming. In the U.S. this means the #dollar and asset prices will fall and #inflation will rise.

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Peter Schiff

@PeterSchiff

2 years

Hey guys, are you buying this dip yet? Or are you waiting for an even larger drop before buying more? I'm talking to you @saylor , @APompliano , @PeterMcCormack , and @nayibbukele . I think my son @SpencerKSchiff is already all-in on #Bitcoin , so thankfully he's likely tapped out.

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Peter Schiff

@PeterSchiff

3 years

#UnitedAirlines has decided that it wants to hire more women and people of color to pilot its airplanes. As a passenger I would prefer that United hire and train the most competent cockpit, not the most diverse. I'm sure most women and people of color flying United would agree.

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Peter Schiff

@PeterSchiff

3 years

You don't buy #gold to get rich. You buy gold to stay rich. Most people who are buying #Bitcoin are doing so to get rich. The problem with putting too much money into something that has the potential to make you rich is that it also has an even greater potential to make you poor.

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Peter Schiff

@PeterSchiff

9 months

I just ate lunch at a Connecticut McDonald's with my wife and two young children. I haven't done that in a while. The bill was over $50. I expect that in a few more years the #inflation tax will push the cost for a family of four to eat lunch at McDonald's above $100.

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Peter Schiff

@PeterSchiff

3 years

Welcome to #Bitcoin #ElSalvador . Your national "currency" just lost over 15% of its purchasing power in under an hour. Get use to it. Just another perfectly orchestrated pump-and-dump by the Bitcoin whales. Too bad this time they had to sacrifice an entire nation to pull it off!

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Peter Schiff

@PeterSchiff

2 years

CNBC has been pumping #Bitcoin pretty hard all morning. That must mean #crypto industry insiders, big advertisers on the network, are calling in some favors. They want to sucker @CNBC viewers into buying crypto and crypto related equities so they can sell. Get ready for the dump!

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Peter Schiff

@PeterSchiff

1 year

How is it a violation of campaign finance laws for #DonaldTrump , through a lawyer, to use his personal funds to enter into a perfectly legal confidentiality agreement with #StormyDaniels ? @JoeBiden and his son #Hunter are the ones who should be indicted! Disbar the Manhattan DA.

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Peter Schiff

@PeterSchiff

4 years

Against my advice my son @SchiffSpencer just bought even more #Bitcoin . Whose advice do you want to follow? A 57-year-old experienced investor/business owner who's been an investment professional for over 30 years or an 18-year-old college freshman who's never even had a job.

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Peter Schiff

@PeterSchiff

2 years

Soon investors will realize that the most incompetent economists in the world work for central banks. The second most incompetent economists work for government. The third most incompetent work for major universities and the forth most incompetent work for large investment banks.

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Peter Schiff

@PeterSchiff

3 years

Today would have been my father's 93rd Birthday. He passed away in Oct. of 2015, and not a day goes by when I don't think about him. Wearing his ring on my finger is just one reason. He had a profound influence on my life. I wrote the following tribute:

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Peter Schiff

@PeterSchiff

7 months

We are still early in what will become the biggest bond market crash in U.S. history. Given that the U.S. economy is more levered now then at any time in history (governments, corporations, and individuals,) the coming economic and financial crisis will be unprecedented in size.

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Peter Schiff

@PeterSchiff

2 years

#Bitcoin is coming under pressure again. Now that it's failed to hold $36K it's looking to form new support at $35K. If it fails there I think $33K will be the next challenge. If that fails the next stop is $30K. If that level fails look out below. Bitcoin will crash below $10K.

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Peter Schiff

@PeterSchiff

3 years

Yo @michael_saylor , now that you're done sparring with @Frank_Giustra are you ready for an actual fight? When it comes to #Bitcoin I eat lightning and crap thunder. It ain't about how hard you hit; it's about how hard you can get hit. Can you go the distance? I'm ready to rumble.

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Peter Schiff

@PeterSchiff

4 years

When both candidates agree that government should spend more, borrow more, and print more, and neither understands the nature of the structural problems that will precipitate the coming crisis, there's nothing of substance to debate. The result is the spectacle we just witnessed.

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Peter Schiff

@PeterSchiff

2 years

Here is a long-term chart of #Bitcoin . Imagine how bad this chart will look once Bitcoin beaks below $30K. A drop to $10K would seem like a lock, but there's no reason to believe that level would hold up as a permanent floor. If this double top completes, the real floor is zero!

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Peter Schiff

@PeterSchiff

2 years

Happy 20th Birthday @SpencerKSchiff . It's hard to believe that you're no longer a teenager. My little boy has grown up. But you're still young and hopefully have a long life ahead. Despite your temporary obsession with #Bitcoin , I'm still proud of the man that you're becoming.

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Peter Schiff

@PeterSchiff

4 years

If you think the rioting and looting are bad now, wait until the supplemental unemployment benefits expire, or inflation wipes out their value. What happens when price controls or rationing lead to food and power shortages? What we're seeing now is but a glimpse of what's coming.

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Peter Schiff

@PeterSchiff

4 years

Powell also announced that the Federal Reserve eliminated all reserve requirements for banks, which are now free to make as many loans as they want regardless of the level of Federally insured deposits they actual have. What could possibly go wrong?

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Peter Schiff

@PeterSchiff

3 years

Pumpers who assured investors #Bitcoin would never crash again now claim the crash is healthy and necessary to purge the market of excess speculation. They say China banning Bitcoin as other governments impose stricter regulations is bullish. Denial ain't just a river in Egypt.

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Peter Schiff

@PeterSchiff

2 years

Attention #Bitcoin buyers: This could be your last chance to buy Bitcoin above $40,000. So hurry up and buy those high-priced Sats while supplies last.

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Peter Schiff

@PeterSchiff

3 years

If government can force you to get a #vaccine you don't want, what else can it force you do to? If it's not "your body, your choice," on what basis will Democrats now oppose laws restricting abortions? Apparently the government owns your body, and it chooses what you do with it.

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