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Thursday, September 23, 2010

Peter Schiff on Bernanke and Paulson

Peter Schiff :"The problems is that our pilot and copilot Bernanke and Paulson don´t know how to fly, they are blind, they are drunk. They are going to crash this plane even faster. They said we have to do this, they said we had to go into Iraq because they had weapons of mass destruction, they were wrong! This plan is a weapon of mass destruction to destroy our economy and to destroy our currency".

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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.