Wednesday, December 12, 2012

Ben Bernanke Throws the Dollar Over the Currency Cliff

And in the process lets Alan Greenspan off the hook -- as he is now officially the worst Fed Chairman ever! also, in regards to food and energy - these are things that presumably people spend money on first. This means they have less money to spend on everything else, which means less demand, which then puts downward pressure on prices of everything else...essentially masking the inflation.

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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