Thursday, March 15, 2012

Peter Schiff vs Paul Volcker

Peter Schiff asks former chairman of the Federal Reserve, Paul Volcker, how he can support the stimulus if he thinks we're too in debt. The market is not free with such people in charge. But if we just had the right people in charge of half of every transaction in a market, money, everything would work out perfectly, they would make the right decisions, and then we could call it a free market.

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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