Peter Schiff's exclusive interview with Allan Meltzer at The Atlantic Economy Summit
Allan Meltzer, long-time chair of the Shadow Open Market Committee & member of the Council of Economic Advisers under Kennedy and Reagan. (3/14/2012)
The monetary system is based on debt, OFF COURSE
So, 2/3 generations does it well, but then usually the scissors between capitalists & the working population is so large that the working population just not in a position to repay the debt back ... & in this case we need - if we want to maintain the system - just ourageous politicians who write off the credits of the capitalists & the debt of the working population (taxpayers) ... that`s even policy (government debt)
Great InterView, by the Way !
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.
PETER SCHIFF
