Monday, September 30, 2013

Peter Schiff : Choosing between Fed candidates is like choosing how you want to be executed

It doesn’t matter who takes over as the next chair of the Federal Reserve because the central bank isn’t going to slow its monthly asset purchases.
“It’s like choosing how you want to be executed,” said Peter Schiff of Euro Pacific Capital in an animated address ahead of an investment banking conference held by his firm in Manhattan Tuesday.
“Ben Bernanke is a pilot,” “Eventually the plane is going to run out of gas,” he said.

Peter Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies