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Tuesday, September 13, 2011

Peter Schiff vs Karl Smith on The American Jobs Act

Peter Schiff : If business was bad before the inflation it is even worse now , Ron Paul pointed out that you still can buy a gallon of gasoline for a dime as long as you have a dime that was made before 1965 because it was made of silver , so really it is not that the price of oil is going up , the problem is the value of our money is going down ....

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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.