Tuesday, March 26, 2013

Dollar Is Going to Collapse

“The dollar is going to collapse if [Fed Chairman] Ben Bernanke doesn’t reverse course,” Schiff tells Yahoo. “And if he does, the whole phony economy that has been built on the foundation of stimulus is going to collapse as well.” - in Yahoo finance

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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