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Tuesday, July 13, 2010

Peter Schiff on The Alex Jones show 12 July 2010

Peter Schiff says we spent imported and borrowed our way into this hole , now they are threatening to turn in into the Grand Canyon of holes , there is no way out when we wake up from the the stimulus effects the dollar will collapse the country is going bankrupt , Peter Schiff predicts that the Americans will flood to Canada to seek refuge , Canada has one of the greatest economies in this moment while the America economy is going down the drain....Alex Jones also asked Peter Schiff about his position on the war with Iran , should we or should not we bomb them , does Peter Schiff who is an economic expert has the same positions as Ron Paul ?

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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.