Peter Schiff from Abu Dhabi speaks about the decline of the dollar
Geitner is in China asking the communist china to adopt the socialist politics of "liberal" America ..the problem is not the saving of the Chinese but the fact that those savings are in US Dollars
Tuesday, June 2, 2009
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.