Peter Schiff The Stimulus Is The Reason The Economy Is So Sick!

Peter Schiff on Freedom Watch with Judge Napolitano July 03, 2010

Peter Schiff The Stimulus Is The Reason The Economy Is So Sick and the more the government stimulate the more debt they put into the economy more they encourage more government more regulations more spending the weaker at the end of the line become the fundamentals of our economy ....the Chinese are tired of supporting our economy Peter Schiff says...the stimulus has done a lot of damage it is an economic sedative ...all we have stimulated is government spending and we have dug ourselves into a deeper hole....real economic stimulus comes from saving production and economic investment ....we have shopped too much that we are broke ...we should start saving Peter Schiff explains ...

Peter Schiff : The dollar bubble will finally burst

"The American consumer, like the proverbial Emperor, truly has no clothes (unless, of course he imports them). It will not be long before the non-American producer finally acknowledges his nudity, and the dollar bubble will finally burst. When that happens U.S. consumer prices and interest rates will spiral upward, stock and real estate prices will collapse, unemployment will soar, and the U.S. economy will enter a prolonged recession as it enters a new era of savings, self-sacrifice and under-consumptions, and begins a long and painful process of re-industrialization".
"We have just been going on a consumption binge where we borrow money like drunken sailors from the rest of the world and BLOW IT!!" By Peter Schiff