[Video] Peter Schiff: America the next Greece?

Peter Schiff, CEO and chief global strategist at Euro Pacific Capital in a keynote speech entitled "Washington's Keynesian Trap" during a Fraser Institute policy briefing on June 5 in Vancouver Canada. explains why Washington's Keynesian approach to stimulating the economy has led to more overspending and excessive debt levels,You don't have to be an economist to understand what Peter is talking about. He breaks it down in easy-to-understand terms without the mumbo-jumbo. Anyone who has followed Peter Schiff for a number of years knows the accuracy of his predictions. America and Greece in the same camp already. Time to cut loose . Leave them to sort their own problems out. However I suspect that they already have gone past the point of no return.

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.