Friday, August 12, 2011

Peter Schiff on FOX News 11 Aug 2011

Peter Schiff : a politician to get elected promiss people something for nothing and we have created a dependent class but we have borrowed all sort of money to provide for it , Europe has made the same mistakes ....the governments are broke and they have to tell the people that the gravy train is over that happened in Europe now it is going to happen here in the United States and I am afraid that we are going to have some very violent reactions by the people in this country when they lose that something for nothing , who knows what's going to happen ...


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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.