Tuesday, May 12, 2009

Peter Schiff Vlog Report 12 May 2009

Government committees, cash for clunkers is a total madness , the governement is going to pay people to destroy perfectly working vehicles and force them to borrow money to buy new vehicles most of them made in Japan Thgis whole thing is absurde ..., bigger deficits, social security running out of chain, more moral hazards ,

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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.