Schiff was right, but then he recommended his clients buy foreign currencies, foreign stocks and commodities. They were crushed when the dollar soared and commodities tanked.
As I said, "Nobody is right all the time." However, if those folks would have held on, the losses wouldn't have been as much as if they listened to Laffer, et al.
I'm not a blind champion of Schiff as I think he's wrong about the dollar. That being said, I would trust him more than I would Laffer and the "experts". Those people are completely out of touch. Or, they know the score, are scared spitless, and are trying to position themselves to ride out the storm, all the while lying to the public.