Peter Schiff recently appeared on Fox Business News with Liz Claman on July 24, 2012.
Peter says that we have been in a depression since 2007. This has been a period of zero to negative growth.
Now the stimulus high is wearing off. The next leg down will be a deeper leg down than we saw in 2008.
As soon as interest rates rise, the housing market will implode again, and all the big banks that we bailed out are going to fail again.
Corn, Soybeans, and the Australian dollar are some investment ideas from Peter at the end of the video.
Peter Schiff – It Won’t Be Pretty When Interest Rates Rise: A recent video interview on Fox Business News.Peter… http://t.co/5CUJXH6O
Peter Schiff – It Won’t Be Pretty When Interest Rates Rise | The Peter Schiff Blog http://t.co/AttTd0D1 via @peterschiffblog
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