Tuesday, June 23, 2009

Peter Schiff On Bloomberg 's Open Exchange 13 DEC 2007

I know it is an old interview but what is amazing is that Peter Schiff was warning about all these bubbles already back then and very few if nobody else could agree with him , he already back them was warning about foreigners buying up America the Recession the FED the housing bubble the credit crunch , the living beyond our means , the globalization , This is the Interview when he said his famous phrase : " we're selling off our cows and chickens to buy milk , we are mortgaging the farm and foreigners are repossessing these assets this is how nations bankrupt themselves we're selling off productive income producing assets to enjoy current consumption"

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