Peter Schiff (pictured above) was just on Bloomberg Television, and said, “Get out of America, and get out now!” He was talking about ownership of American securities and investments. He advises all his clients to sell anything they own that’s denominated in U.S. dollars (including and especially Treasury bills), as the U.S. dollar is just now beginning a catastrophic plunge in value. He’s written a book called Crash Proof that has all kinds of detailed advice about where to stash your assets outside the U.S. financial system.

The most unnerving aspect of his presentation was actually the source of it: I was watching international news broadcasts on Livestation (which I mentioned in a previous post), and, after watching the Canadian program The National talk about U.S. market troubles, I thought I’d flip to Bloomberg TV (a financial news network based in New York) for the pro-American perspective.

That’s when I saw Peter Schiff say, “Get out of America, and get out now!”

I’m not a financial expert, but, you know what? That sounds like pretty good advice right about now.