Is Peter Schiff Against Bitcoin Because He Is A Globalist Insider Shill?


by Jeff Berwick, The Dollar Vigilante:
When mainstream media tries to drag bitcoin’s name through the mud, we get it. The mainstream media is owned by the same general group of people who own everything else including governments and central banks.

Of course, they are going to do everything they can to make bitcoin look as bad as possible. And they’ve done that, now declaring bitcoin dead 140 times. And that’s when they aren’t trying to associate bitcoin with things like the CIA’s drug running business or terrorist financing which Best Friends Forever (BFFs) Killary Clinton and Donald Trump do on a daily basis.

But when those not normally associated with the globalists try to say and do anything to demean bitcoin it makes you wonder whose team they are on.

We’ve highlighted the Health Ranger, Mike Adams, more often than even we would care to bother.

But, an even bigger name bitcoin hater needs to be scrutinized. Peter Schiff.

Many people who read The Dollar Vigilante (TDV) tend to think of Schiff as being one of the good guys. He’s been a gold bug forever… and TDV has also been promoting gold and silver since our inception.

Schiff was all over mainstream media using his knowledge of Austrian economics to warn of the financial crisis to come prior to 2008. That’s how he became a big name.

And, we are also massive proponents of Austrian economics and, in general, we agree with most of Peter’s prognostications of the markets and another coming crisis.

But, Schiff has been bitcoin’s biggest critic for years. And, not even with any reasonable analysis. He has actually compared bitcoin, the massively complex cryptographic largest supercomputer in the world to Beanie Babies!

And not back in 2013, when perhaps he could be forgiven for being so naive and ignorant. He said that this year!

Some claim that he bashes bitcoin because bitcoin competes with his gold related businesses. But, even if this is the case, it is hurting his business now, much more than it is helping it.

Here’s a recent Facebook post by Peter bashing bitcoin again… but take notice of all the comments.

These are his Facebook followers. They are following him because they are fans of his… and the great majority of them disagree with his negativity on bitcoin!

Schiff has even been losing employees and partners who cannot believe how naive or ignorant… or an outright globalist shill… he has been when it comes to cryptocurrencies.

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  1. While I generally like Jeffs anarchy views, I could not disagree more with his views on the cryptos. Just because someone doesn’t like bitcoin does not make them ignorant or a shill.The simple facts are that cryptos lack THE most important features of money. They are not rare, they have no intrinsic value, they have counter party risk and they are not a store of value.
    It’s even in the name Crypto Currency. It’s not called crypto money. Currency is NOT money. Money holds its value. Currencies come and go, just like bitcoin will.
    Of course some people will profit by investing in cryptos like jeff likes to brag about but in the end for every winner in cryptos, there has to be a loser.

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