Peter Schiff on the Derivatives and toxic Assets Impact

We Should have let them go bankrupt and here they are making more money than never before says Peter Schiff

The derivatives allow tremendous amount of leverage , but the problem comes with the counter parties , the reason that AIG went banckrupt is because they could not afford to make good on the obligations on those contracts and the irony of the whole thing Goldman Sachs the firm that originated the most toxic pools of securitised mortgages , 20 percent of the securitised subprime mortgages were created by Goldman Sachs, and Goldman Sachs knew that they were crap , and as they sold these toxic assets to their customers , they knew that they would fail that's why they bet on the fail of AIG , they knew that it was crap because after all they packaged it ...so Goldman Sachas got the government to bailout AIG , so that AIG could pay back Goldman Sachs Peter Schiff explains ...at the money they have bet that the product in securitiesed would fail ...I mean the whole thing was a fraud ...we should have that firm gone bankrupt and here they are making more money than never before

Peter Schiff : It is a good time now to sell US Dollars

Peter Schiff Report on Markets, AIG, Housing, health care 26 February 2010

Peter Schiff from a technical point of view it is a good time now to sell the US dollars cause the sentiments of worries about the dollar are shifting for now towards the Euro ,
"The bigger the government gets the weaker the economy becomes " says Peter Schiff

Peter David Schiff, president of Euro-Pacific Capital, is a Connecticut-based brokerage firm have correctly predicted the U.S. stock-market collapse , the home mortgage meltdown and the credit crunch .
Peter Schiff discusses politics, world economies, and investment strategies and is now running for a Senate Seat in his native Connecticut , Peter Schiff is Author of the Best Seller Crash Proof How to Profit From the Coming Economic Collapse