We are going to have a currency crisis and/or a sovereign debt crisis during Obamas term

Ludwig: So you think a major crisis is going to happen in the next four years?


Peter Schiff: Will there be a crisis? Oh yes! We’re going to have a currency crisis and/or a sovereign debt crisis during his term and it’s "going to hit the fan." - in seeking alpha

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.