President Obama is now in Europe with his hat on his hand trying to convince the world to keep lending us money so that we don`t have to print quite as much.
But hopefully the world will have the good sense to stop lending us money. Because the solution to the problem is not to lend America more money, the last thing America needs right now is to get deeper into debt.
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.
