Sunday, September 2, 2012

Americans Will Demand a Return to The Gold Standard - Peter Schiff

Peter Schiff : "Republicans do a lot of talk, the problem is we don't get any action," says Peter Schiff "We don't have to just talk about cutting the deficit, if we go back on a gold standard, we can't finance these deficits because the Fed can't monetize the debt," he says. "The Fed can't just print money and buy bonds, and so we're going to have to actually shrink government, cut government spending." "I think we are going to be back on the gold standard," he predicts. "Not because the politicians want it, that's the last thing they want. But the people are going to demand it."

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.

Popular Posts This Month