Wednesday, February 1, 2012

Peter Schiff: The FED is clueless about Money

Peter Schiff : "The Federal Reserve doesn't care about the long term health of the economy, it just wants to keep the music going until the next election,"
"Had the Fed raised rates we would have had a bursting of the bubble much sooner than 2008 and it wouldn't have done nearly as much damage," He added






Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.


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