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Tuesday, January 17, 2012

Peter Schiff : America In Worse Shape Than Europe

Peter Schiff : the situation is worse in America than what it is in Europe , we are able right now to benifit from the european problems because people are buying dollars because they are afraid of the debt in Europe even though the debt is bigger in here and we are making it even bigger ....

1 comment:

  1. The real reason they don't want to abandon Afghanistan is, because of the Exxon Mobile's pipeline pumping oil from Afghanistan. George Bush Jr. brags he went to Iraq for the oil, to show off to his affluent friends. So instead of half the national deficit, we have it double, they want to build permanent bases in Iraq and Afghanistan, so big oil, and the Republican's can get rich. So why do they want to make Afghanistan a permanent duty station so they can protect the interest's of big oil and the pipeline, before they started drilling and pumping oil out of Afghanistan, the country was considered the largest untapped oil resource in the world. They don't talk much about the pipeline now because the Billionaire's and corporations have silence everyone. I don't vote and support neither party. George Bush Jr and the Republican party wanted to control the oil infrastructure of Iraq, and Afghanistan to enrich themselves, Billions traded for the corporations, while America accumulated Trillions in national debt, not such a good trade off, but it was for 1% of the population. The people of Afghanistan live simple lives as farmers and ranchers, living off of mountain goats, and sheep's, and simple crops, too stupid to realize what they have an abundant source of natural resources that they do not benefit from, while Hamid Karzai hordes over 100 Billion in secret accounts for himself. The people of Afghanistan use horses and donkeys, and pick up trucks, as their main weapons, while military contractor's keep building new weapon system's for themselves and get richer, America goes down hill in debt. China owns 11% of the national debt, and Japan owns 10% and they are over 200% over GDP in national debt. So who owns most of the national debt Private Security Firms profiting off the national debt of the U.S.

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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.