Peter Schiff On Why US Monetary Policy Is 'Monetary Heroin'

Peter Schiff : “It’s not going to be a painless situation when we give up these government narcotics -- monetary heroin -- but it’s going to have to happen, because the more we take this drug, the more damage is being done to the economy and the risk is, of course, that eventually we overdose on it, which is the destruction of the currency and a runaway 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.