Friday, June 15, 2012

Peter Schiff is Offering free Heroin

Peter Schiff Debates Keynesian Robert Borosage Fox News 06-14-12 "so basically there is free heroin we should use it ?! he is advocating what greece did , greece borrowed a lot of money when it was cheap they spent it on government and then interest rates went up and they are broke the same thing is going to happen to us if we take advantage of all this cheap money and go into debt and squander it on more government and more consumption , this whole economy is going to collapse and unfortunately that is what is going to happen that is called the real crash the title of my book because it's coming because we are repeating all the mistakes of the past we are learning nothing...."

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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