Wednesday, February 19, 2014

Interest Rates Will Skyrocket After The U.S. Dollar Collapses

When I talk about interest rates skyrocketing, that is what is going to happen after the dollar collapses. But before the dollar collapses, the Federal Reserve is going to print dollars to buy bonds to prevent interest rates from rising.

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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