Wednesday, February 29, 2012

Peter Schiff : I like to see more Austerity for Greece

Peter Schiff is right. The Greek government is run by socialist parasites who promise the world but have no money so they have to take it from others. Things like "minimum wage", "free healthcare" and "free education" are government tricks to pay off voters, in the real world nothing is free. If you want to get rid of a parasite you have to stop feeding it. The Greek people need to stop paying taxes, this will bring real prosperity back to Greece so wages can rise and also businesses can grow.

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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.