March 22, 2009
Latest CNBC Video Interview, March 19
Latest CNBC Peter Schiff`s interview on March 19, 2009. Schiff argues with Steve Liesman who dares to say that Peter was wrong on this all the way.
These were Peter`s comments on CNBC:
"Unfortunately the FED is doing everything that I fear they would do. You can`t solve the very substancial structure economic problems underlying our economy by creating inflation"
"All they are going to do is to turn this severe recession into an inflationary depression. That is all the FED is going to do. All they have is a printing press, they don`t create wealth, they interfere."
"As painful as this recession is, we have to let it riun its course because it is adressing these imbalances.But the FED is preventing that from happening."
"We are getting a taste of what`s to happen in the foreign exchange markets. Look at what has happened to the dollar in the last 2 days"
"We are broke. Our economy is a mess."
At the very end of this video there is a good discussion, almost a catfight between Steve Liesman and Peter Schiff. Steve Liesman had the audacity to say to Peter, "You have been wrong".
Peter Schiff is the President and Chief Global Strategist of Euro Pacific Capital. As a result of his accurate forecasts on the U.S. stock market, economy, real estate, the mortgage meltdown, credit crunch, subprime debacle, commodities, gold and the dollar, he is becoming increasingly more renowned.
He has been quoted in many financial TV channels like CNBC, CNN, Fox News, Fox Business Network, and Bloomberg T.V.. In Peter Schiff`s blog you can track all his investment and trading ideas for 2009 as well as all his public appearances on TV, video or in the press.