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Slideshow: Apocalypse How? Dire ’12 Forecasts

By Ben Steverman - 2012-01-14T03:12:30Z

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Peter Schiff

Chief executive officer of Euro Pacific Capital, a radio host and an unsuccessful 2010 U.S. Senate candidate in Connecticut, Peter Schiff has long criticized the Federal Reserve for "printing" currency and favored gold and foreign currencies over the U.S. dollar. The dollar's recent advance is a "lucky streak" that could end in a bad way, he wrote in a Jan. 10 commentary. "When reality rears its ugly head, and the spell breaks, the reverses can be vicious," he said. "It happened with dotcom stocks. It happened with real estate, and I believe it will happen with the dollar and Treasuries."

(Left, a clerk at a branch of the Bank of China Ltd. counts one hundred yuan notes.)

Photograph by Nelson Ching/Bloomberg)