March 5, 2009
Peter Schiff Video: Dollar is a Subprime Currency
Peter Schiff talking live from the Nasdaq Marketsite in New York City.
The US Dollar is a subprime currency and will collapse just as the mortgages did because the fundamentals of the US economy are not sound at all.
The people who is buying the US dollar are the same that bought internet stocks in the late nineties.
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..