Monday, May 28, 2012

Peter Schiff Right Again?

Congress is never talking about the right issues. All these recent layoffs (around Minnesota anyways-Best Buy, Medtronics, General Mills, HP, are going to be through early retirement). That's right, baby boomers leaving jobs that will never be filled by younger generations. There is no reason why anybody under 40 should not listen to Peter Schiff.. giving a small group of people such power to issue a world currency will make matters worse The central idea that will solve the current world problem is free markets. Free markets doesn't allow for fiat-currency. The money needs to come naturally from the 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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