Thursday, October 24, 2013

Fiat Standard vs. Sound Money

"It’s the politicians that want to be on a fiat standard. They don’t want the discipline of gold. It is the public, the people that want sound money. The government wants paper money." - in Minyanville

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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