Tuesday, May 26, 2009

Peter Schiff on Fox Business "I might run for Senate , I am thinking about it "

Peter Schiff declares that "he Mights Run for Senate " he said that Gold will touch $1000 , that China Asia and the rest of the world will realize that they do not need anymore the American consumption , matter of fact the Chinese production is increasing while their exports to the US market is declining , which means that they have started to consume their own production and can make it without the American consumption paid of by worthless paper money printed out of thin air and backed by nothing ....America can never pay its debts once foreign investors stop buying our bonds ...we are heading for a painful awakening

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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.