Friday, February 12, 2010

Peter Schiff : Greece should be left to default and solve its problems on its own

In this week's podcast Peter Schiff from his home (because of the snow storm) speaks about a wide range of political and economic issues starting by debating Europe debt crisis and in particular the Greece case and the rumors that the Germans may end up bailing out the Greeks , of course Peter Schiff is against any kind of bailouts be it in the States or in Europe , countries and companies should be left to fail no one should be seen as too big to fail otherwise we open a Pandora box and we start with bailing to no end , which has the side effect of encouraging the incompetent and damaging the competent ...of course this is not free market or capitalism...
Wall Street Unspun: Peter Schiff's Mid-week market outlook Live Every Wednesday 8:00PM Eastern, 5:00 PM Pacific or on shortwave 5.070 Megahertz.

Peter David Schiff, president of Euro-Pacific Capital, is a Connecticut-based brokerage firm have correctly predicted the U.S. stock-market collapse , the home mortgage meltdown and the credit crunch .
Peter Schiff discusses politics, world economies, and investment strategies and is now running for a Senate Seat in his native Connecticut , Peter Schiff is Author of the Best Seller Crash Proof How to Profit From the Coming Economic Collapse

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