Peter Schiff: The more US spies on the world the quicker dollar loses power

Germany is again having to deal with revelations that the US has been spying on it. A German intelligence agent was allegedly sending hundreds of top secret documents straight to Washington. Peter Schiff, President of investment group Euro Pacific Capital, joins RT to discuss this issue.


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.