I saw an interview on CNN last night with Peter D. Schiff, the author of "Crash Proof: How to Profit from the Coming Economic Collapse". He predicted the current housing market collapse and the hedge fund problems and he is now predicting that the value of the dollar is going to be devalued to about half of it's current value, possibly within two years. Here is a blurb from him promoting his book:
Despite the upbeat tone coming out of Washington and Wall Street, the U.S. economy is only a shadow of its former self. The country has gone from being the world's largest creditor to its greatest debtor; the value of the dollar is sinking; domestic manufacturing is winding down -- and none of these trends seem to be slowing down.
Not to bring more doom and gloom here, but is the US economy in as big of trouble as this guy seems to think or is he just pushing for people to buy euro-pacific funds from his company?