Sunday, October 21, 2012

Inflation is a Tax ~ Peter Schiff on FOX News 10/20/12

YES THE GOVERNMENT IS LYING, THE MISERY INDEX IS BOGUS......the misery index is the combination of unemployment and inflation, but the government is lying on both numbers....The true misery index would be somewhere around 28 percent....not 11 percent....the true misery index would be somewhere around 1979-1980 values...

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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