Friday, May 22, 2009

The dollar is plunging Peter Schiff Vlog Report 22 May 2009

foreign creditors start dumping US dollar Bonds and Stock it is a rush out of America and into foreign commodities markets New Zealand Canada and Australia dollars are all up , gold is a good investment umbrella ...paper money is doomed to collapse Fiat currency will run into the ground


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Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.