Saturday, December 28, 2013

We Determine Interest Rates In America The Way The Soviet Union Used To Determine The Price Of Bread

"We have to go back to sound money where money has intrinsic value, where interest rates are determined by the free market, not by a central planning agency called the Fed. We determine interest rates in America the way the Soviet Union used to determine the price of bread. It does not work." - in a recent MoneyShow interview

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.

No comments:

Post a Comment

Popular Posts This Month