This week, it's Doug's birthday, and to celebrate, he goes back to basics. He shares the wisdom that his mother, a 17-year veteran of Wall Street, taught him, and the stock-picking trick his grandmother, one of the first women to be licensed as a stock broker in America, used.

In today's guest interview, Peter Schiff, economist, financial analyst, and president of the Euro Pacific Bank, discusses the U.S. government's debt and its effects on the economy. How can the American government debt be repaid? Peter Schiff goes head-to-head with Obama's policies. He believes America is heading for a rude awakening when the world realizes that the U.S. can't pay back her debt. Learn about Schiff's solution to the debt crisis.

Follow Peter Schiff's work at: http://www.europac.com/

Listen to his podcasts at www.schiffradio.com

Find out more about his books at: www.schiffbooks.com