Peter Schiff

The US dollar will collapse, losing 50-70% of its value, before the end of Barack Obama's first term (January 2013).

“I think it will happen before Barack Obama leaves office even if he's only a one-termer. The first initial collapse in the dollar will be about a 50%, 60%, or 70% decline in dollar value.”

Said on

11 December 2009 · Interview with The Motley Fool (edited transcript published Dec 11, 2009), answering whether he was calling for a dollar collapse "relatively soon"

Source

The Future of Gold, the Dollar, and More · The Motley Fool

Should come true

Jan 2013

How sure they sounded

I think it will happen soon

Categories

EconomyMarkets

Importance

4 of 5 · A collapse of the world's reserve currency would have major global consequences.

Outcome

Inaccurate

The dollar did not collapse before Obama's first term ended in January 2013. The trade-weighted broad dollar index was higher in January 2013 than in December 2009, and it rose strongly after that. It never fell anywhere near 50-70%.

Evidence:

• https://fred.stlouisfed.org/series/DTWEXBGS