Lou Dobbs spoke with Peter Schiff about the latest jobs numbers on Fox Business last week. Dobbs agreed with Peter that the United States government needs to stop printing money and get out of the way for the American economy to truly repair itself.
“I think the economy continues to deteriorate beneath the surface. We have this superficial rise in the stock market. But I think this whole thing is headed to a dollar crisis. We’re going to print so much money to try to keep this phony economy going. We’re going to destroy the dollar, and we’re going to have a real crisis. But only after that real crisis do we have any hope of correcting the real problems.”
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Big difference from last year when Lou was laughing at Peter for being so pessimistic!
http://www.youtube.com/watch?feature=player_detailpage&v=7Wj4TTc2TbA#t=473