The Monetary Illusion

This is all phony and it is the result of this monetary illusion that`s been created by the Fed but it will end, just like it ended in 2008 with the financial crisis. That was the by-product of the bad monetary policy of Alan Greenspan. Well, that blew up on Ben Bernanke`s watch. Ben Bernanke`s monetary policy is even more reckless and irresponsible than Greenspan`s and it is all going to blow up on Janet Yellen.


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.