Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and Fox News. 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.
THE PETER SCHIFF BLOG : An Unofficial Tracking of Peter Schiff and The Libertarian Austrian School of Economics
PETER SCHIFF
Wednesday, July 18, 2012
Peter Schiff : America Heading Towards a Collapse Worse Than 2008
"We've got a much bigger collapse coming, and not just of the markets but of the economy," says Peter Schiff "It's like what you're seeing in Europe right now, only worse."
"That's when it really is going to get interesting, because that's when we hit our real fiscal cliff, when we're going to have to slash — and I mean slash — government spending," says Schiff."Alternatively, we can bail everybody out, pretend we can print our way out of a crisis, and, instead, we have runaway inflation, or hyper-inflation, which is going to be far worse than the collapse we would have if we did the right thing and just let everything implode," he added
Popular Posts This Month
-
The Dollar will collapse the Credit cards bubble is about to burst , buy Gold Buy Silver save your assets ...The dollar will drop like a sto...
-
government created jobs like the census jobs are counterproductive and unproductive jobs ... Peter Schiff is considering to run for Senate !...
-
A very strong debate yesterday on MSNBC between Peter Schiff and the host on the Ed show on two major topics the healthcare reform and the s...
-
Peter Schiff - Ben's Balance Sheet Blues By Peter Schiff During his testimony before Congress this ...
-
By Peter Schiff | March 01 2013 8:41 AM Testifying before the US Senate this past Tuesday, Fed Chairman Ben Bernanke made an extraordinary c...
-
Here are some of Peter Schiff's Quotes , Please feel free to post more , and I'll make sure to add them to this list ...let's ma...
-
Trading 2010: Schiff's Predicting what is in store for 2010, with Peter Schiff, Euro Pacific Capital president. Peter David Schiff , pr...
-
By Peter Schiff I've made a living out of exposing economic fallacies, but there's one whale that I can't seem to harpoon. Eve...
-
Peter Schiff at Occupy Wallstreet debating some protesters , he says that it is not the fault of capitalism we have not tried capitalism y...