The Government Is Lying About Inflation

I think that if the government accurately measured inflation that 2013 would have been a deeper economic contraction than 2012. I think we have been in recession the whole time. I just think it does not look like a recession because the government is lying about inflation.



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.