Peter Schiff: Fed Already Implementing QE3

Peter Schiff : "If you actually look at what the Fed is doing, they're doing QE3 whether they state it or not,"
“The Fed wants to create inflation. It just doesn't want to be forthright about it.”
“I’d suggest that the reason why it’s so high is because of his monetary policy. He’s keeping interest rates too low.”
"The very short-term consequences would be horrific for an economy addicted to cheap money,”
"We're going to have to swallow some bitter-tasting medicine in the form of higher interest rates if you're going to clear out the mess.” - in Yahoo Tech Ticker
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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.