0% is the Highest Interest Rate the U.S. Economy can Afford

Peter Schiff , an investment manager who predicted the 2008 crisis, believes the United States is addicted to debt - moving from one quick fix to the next. At the top of his list of entities enabling this is the Federal Reserve. He talked to Boom Bust about debt, government debt and above all -- the Fed.


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.