In his last appearance on Yahoo! Finance with Laura Lyster, Peter Schiff counters the claims of Ben Bernanke that there is no bubble in the stock market and that inflation is still under control. He went on to defend his bearish long-term forecast for the US dollar.
“The dollar is going to collapse if Ben Bernanke doesn’t reverse course. And if he does, the whole phony economy that has been built on the foundation of stimulus is going to collapse as well. See, Ben Bernanke believes that somehow he can withdraw the stimulus and the economy will keep on expanding. It’s impossible, because we have an economy that is of stimulus, by stimulus, and for stimulus.”