Monday, September 16, 2013

War in Syria : We should have nothing to do with the Syrian Civil War

Peter Schiff: I don’t think it’s that major in the scheme of all the other considerations. It’s a factor; it’s another negative factor should we get involved in Syria for the U.S. economy. It’s a positive factor for gold prices, for commodity prices.
But really, the unknown, and one of the many, many reasons we should have nothing to do with the Syrian civil war, is that once you move in that direction and set off a chain of events, you have no idea what’s going to happen next.
We know from prior experience that they could be there for years, and it could cost a lot of money. So I think it’s a mistake to get involved and hopefully it doesn’t become an even bigger mistake. - in IndexUniverse

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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