Thursday, February 13, 2014

(Video) Markets Will Go Down Until Fed Delivers Another Fix

 “I am not benefiting [from QE] as an American. I would much rather prefer the government to pursue policies that benefit my country, so maybe I can bet on it, instead of betting against it. Which ultimately, I’m doing by owning gold, owning commodities… to try to escape the damage that the Fed and the government are doing to our currency and to our economy.”

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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