Peter Schiff - BBC Newsnight 03 Aug 2011

Peter Schiff : you want to invest with the creditors you want to invest in a nation that produces all the goods that the west ius consuming they are the ones that have viable economies they do not need us , in fact having to subsidize the American consumer is actually undermining the Chinese economy and other emerging markets so to the extent that they allow their currency to appreciate they can begin to consume their own production and kind of leave the rest of the world twisted in the wind...which can happen and I agree that the problems in Europe are bad but they are more severe here in the United States