Peter Schiff Video Blog - June 17, 2011
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Uploaded by PeterSchiffBlog on Jun 24, 2011
For the latest Peter Schiff, go to http://PeterSchiffBlog.com -
The big news this week is coming out of the Eurozone. Germany is now willing to entertain a Greek solution that allows the lenders of funds to Greece will not be badly punished. Instead, the citizens, holders of the Euro, will pay. The European politicians are just as bad as the ones in America. This will lead to moral hazard and more future defaults and bailouts.
- 15 likes, 1 dislikes
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Once again, Peter Schiff nails it. You couldn't trust the ratings agencies in 2006 regarding subprime mortgages and you can't trust them now regarding the Treasuries.
flownet07 8 months ago
Peter Schiff-your arguments are very wise, logical and understandable. Greetings from Polish
templer1970 8 months ago
In 'Smokey and the Bandit', there's a scene
where the sheriff says:
"The God damn f * germans ain't got nothing to do with that!"
ristau 8 months ago
Its getting weird out there peter , sort of like a stephan King Novel.
ibelucky1 8 months ago
Thanks Peter !
LEAHCIM71457 8 months ago