Thursday, September 1, 2011

Peter Schiff : I was right about QE3

Peter Schiff : the reason we are headed back into recession is because the FED did QE2 money printing is not the solution to our problems it is the source of our problems , I was on record before any of these Wall Street economists in saying that QE3 was a certainty I knew it was coming because I knew that QE2 did not work and I knew that rather than learning from its mistakes the FED will repeat them


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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.