Thursday, October 18, 2012

The Fed is going to be Printing Money until we have an Economic Crisis

Peter Schiff : “The Fed has said it will keep printing money until we have more jobs. That means we are going to be printing money until we have an economic crisis,” Schiff said during a panel on precious metals at the one-day conference that was held at the Ritz-Carlton on Wednesday, Oct. 10 “The closest thing I know to being a sure thing is that the U.S. dollar is going to depreciate,” Schiff said in a panel discussing the outlook for precious metals.

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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