we are suffering from an overdose of government stimulus Peter Schiff

The Recession is not Over , we're having an Artificial boost says Peter Schiff :
Dennis Kneal of CNBC tries his best to demonstrate that the recession is Over with the help of charts and quoting University of Michigan survey consumer confidence Google's CEO who said today that the worst is over GP Morgan Chase chief economist a Deutsch Bank economist even Walmart sales...etc..but Peter Schiff soon brings Dennis to the real world out of his excessive optimism , Peter said ironically " there is too much talks about green shoots in CNBC that it's like I am watching a gardening channel " The reality is if those green shoots exists , we have trillions of dollars of stimulus just like the stimulus of Bush and Greenspan you got an artificial boost , it's gonna fade and this time it is gonna fade a lot faster and the hangover is going to be worse , the real problem is that we are suffering from an overdose of government stimulus right now , and the more they artificially hype up the economy with cheap money and credit the worse the recession is going to get " and Peter added that he is making more money abroad than the US stock market , we are exacerbating the problems of our economy , our economy suffered because we borrowed and spent too much money , and what we are doing is borrowing and spending even more , what we need is to rebuild our savings and produce more , we have to allow inefficient companies to go bankrupt ..we have to stop trying to subsidize the very behavior that led to this predicament..." most of the panel tended to agree with Peter Schiff later on....

Peter Schiff vs David Faber on CNBC Amazon and books !!!

Peter Schiff VLog 26 June 2009 :
the dollar is weak again today we had some statements coming out of China regarding some alternatives to the dollar as a reserve currency again talking about the IMF , this whole talk about new global reserve currency is misplaced I do not think it is going to happen says Peter Schiff...before the dollar was a reserve currency central banks hold gold as reserve , and the only reason why the dollar became a reserve currency it is because it was backed by gold and redeemable in gold , these reasons for adopting the dollar as reserve currency no more exist today , the world would go back to gold as reserve not simply look for another FIAT currency to replace the one that it already failed ( the dollar ) , also today on the Financial Time FT Alan Greenspan was warning about a substantial inflation to happen in the years ahead the same inflation that he himself has created !!! he thinks that inflation will kick in at around 2012 , Peter Schiff believes it will happen a lot sooner than that , the genie is already out and there is no way to get him back in ...and a lot of this is because Ben Bernanke is simply following the steps of his predecessor Alan Greenspan .Peter Schiff calls the Carbon trade bill voted by the House today a Disaster ...Peter Schiff then talks about his mentioning of David Faber's book on his last Vlog , he says david is a journalist who write about things that have happened while Peter is a forecaster an economiste who writes about things that are going to happen , Peter does not take out any merits from David he is not critisizing his book , Peter pointed out specifically to all those fans who went to the amazon website and tagged David book with one star before even reading the book . this is unpleasant and Peter totally disaprove this kind of behavioure , please anybody who put a one star review on David book on amazon , go back and take down that vote ...this is not fair ...read the book and judge it after reading it and if you do not like it say why you do not like it ...Peter Schiff critisisme is not against david faber for writting the book , but against the behavioure of his colleages at CNBC and their reaction about the book...they seem to give the credit to david faber for what peter Schiff was predicting for years in his book crash proof and in his emails and newsletters

PETER SCHIFF ON GLENN Becks The One Thing SHOW JUNE 25, 2009

Peter Schiff finally on Glenn Beck's the One thing show but the topic is not exclusively economic it is about the House vote on Climate Change bill ...Peter Schiff is excellent as usual despite the very short time he had the chance to talk