Tuesday, December 31, 2013

The Problem For The Global Economy Is The Dollar

The problem for the global economy is the dollar. The United States has abused the privilege of issuing a reserve currency and we are exporting our inflationary, irresponsible monetary policies all around the world, and we are poisoning the global monetary system. - in

Related: Ishares Silver ETF (SLV), SPDR Gold ETF (GLD), PowerShares DB US Dollar Index Bullish (NYSE:UUP), PowerShares DB US Dollar Index Bearish (NYSE:UDN)

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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