Peter Schiff : The Liberals Are Willing To Take America Off The Fiscal Cliff

Peter Schiff says politicians don’t want to deal with the short-term political consequences and because of this we’re going to go over the actual fiscal cliff , and once we hit this point it will make 2008 look like a walk in the park. He then goes on to explain why he believes this and offers some solutions.

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.