Peter Schiff: Recession is the Medicine

Peter Schiff, President of Euro Pacific, is a financial analyst that I’ve been listening to for the last couple of years. He’s one of the few talking sense, in my opinion.

Part One:

“Consumers still aren’t pessimistic enough”, says Peter Schiff in a Oct. 28th interview with Bloomberg. “Recession is actually the medicine that is going to cure the economy from the disease that affected it during the boom”.

Part Two:

When asked what Peter would do if he was president: “The government should be cutting spending. It should be cutting military spending, maybe we can bring our troops home from around the world, we can’t afford to maintain this empire…”

Part Three:

Peter recommends dumping the dollar, before it dumps us.

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