Monday, June 11, 2012

Peter Schiff : Romney or Obama, the Real Crash Is Coming

Al Korelin chats with Peter Schiff at the World Resource Investment Conference about the state of the U.S. economy, Bernanke, and the upcoming elections. Peter Schiff Says Romney or Obama, the Crash Is Coming "...government solutions are the problem , the stimulus is killing us " says Peter Schiff " the politicians main problem is getting re-elected " Schiff explains " Ben Bernanke does not grow the economy , he grows the government at the expense of the economy " he added , we are headed towards the crash either way either with Obama or with Romney says Peter Schiff Obama is a socialist he does not like capitalism Schiff explains we will be better off with Romney after the crash than with Obama who will simply grow the government

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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