Monday, April 22, 2013

New GDP Propaganda Exposed by Peter Schiff

I remember being told to read an article concerning this in my financial literacy class (ironically in a public school), and there was a quote..i forgot from who, but it stated that they were "literally rewriting economic history"..well hey at least theyre not afraid to outright state it. It'll be such a shame to see that such an accounting trick will pass off as economic growth, assuming that the majority are unaware of this.

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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