PETER SCHIFF

PETER SCHIFF

Thursday, September 24, 2009

Peter Schiff on Tech Ticker Yahoo Finance 24 Sept 2009

The Collapse of the dollar and bursting of the Treasury bubble will have devastating consequences

"Ben Bernanke is keeping his record of perfection intact of never getting anything right. Once again he's gotten it wrong," Peter Schiff says. "If the Fed really thought the economy was sound, why does he have it on life support? If he pulls the plug, our sick economy is going to die."
The coming collapse of the dollar and bursting of the Treasury bubble will have devastating consequences for ordinary Americans, and any investors based in dollars, he says.

The economy today is "worse, we are much more deeply indebted than in March," Schiff declares. "We've dug ourselves a deeper hole."

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