Saturday, March 24, 2012

Peter Schiff on the unrest in China and in America

Peter Schiff : People are dissatisfied in this country, too. We’ve got protesters—look at Occupy Wall Street. There is a great deal of inflation in China right now, which frustrates a lot of people. That is the cost of subsidizing the U.S. economy. If the Chinese simply allowed the renminbi to rise, instead of propping up the dollar, then you’d see far less unrest in China; the people would enjoy their prosperity and productivity more.- in an interview with Slate 13th March 2012 

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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