Peter Schiff: The world could get along just fine without freeloading Americans - mar - 30, 2005
Dear Crowne Gold Clients;
Peter Schiff, CEO of Euro-Pacific Capital in
Newport Beach, California, has written what
may be the best brief analysis of the parasitism
that constitutes the world economy under the
dollar regime. It's titled "Even Stephen Roach
Has It Wrong" and it makes the point that may be
obvious to everyone who is not in the financial
manipulation business or the mindless consumption
business: that the rest of the world would manage
to consume by itself what it now produces only
to bestow it on Americans for free.
Schiff's essay is a delightful read as well as a
bull's-eye. You can find it at Gold-Eagle here:
http://www.gold-eagle.com/editorials_05/schiff032905.html
... and at GoldSeek here:
http://news.goldseek.com/EuroCapital/1112045998.php
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