Matthew Carniol

Last Gasp of a Doomed Currency

Mr. Schiff has a vested interest in seeing the dollar and U.S. markets collapse because he makes money when that happens.

The fact is that he has touted foreign securities, gold and betting against the dollar for a long time, and he made money in the past doing this. He's touted this type of investing all the way through the collapse in stocks from emerging markets.

Instead of getting his investors out at the top of the market, he's led them to big losses and he must have gotten further crushed as the dollar appreciated, which is something else he never saw coming.