The devil we know

Slip of the tongue -- when I said predecessor in relation to a depression on Bernanke's watch, I meant successor. Also by "gets all the girls" I meant he gets them to come to the party.

also check me out on http://www.facebook.com/PeterSchiff and http://twitter.com/PeterSchiff

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[Schweizer135]

Peter, make sure you always state what should be done now, such as pegging the fed funds rates to the treasury rate in some way and why this will be beneficial.

Don't just criticize, offer new specific solutions.

[badkid73]

Yes it is. If you're expecting a magic formula to avoid a recession, there IS NONE. Every boom caused by a massive expansion of credit must always be followed by a contraction and a bust. All these false economists who think we can manipulate our way out of a recession is smoking crack.

[Nintendomanwill]

But it doesn't, it simply means a faster adjustment of businesses to consumer needs and therefore solvency

I assume you get the businesscycle (although Galbraith appears not to when he fails to see the inflation-driven bubble in govt bonds!) so I won't go through that but here are the two problems businesses face when inflation ceases: 1those investors who financed overproduction suddenly face market clearing 2businesses overestimating savings find their prices unsalable-SO int. rates must RISE!

[4LOSTSOULSONLY]

Bernanke is going to make Greenspan look like a saint and Obama knows this that's why he is reinstated for another term.

[950horsepower]

I listen to this rant and the question occurs to me how it is that they can hope to ignore this criticism.

It is because Peter Schiff, combined with all the voices of the entire Internet are to them, nothing more than a bug on the windshield.

They don't care what we think.

They have a bigger plan. They took our money, our houses, our cars, our education, sovereignty, constitutional rights, medical rights, etc, etc,

Now they are coming for us with H1N1.

UR Buying medical stocks, right?

[AccuracyMarked]

I'm ready for Ben's Depression....bring it on.

Everyone needs to get into Precious Metals quickly...they're rising fast and it's not because industry is picking-up (silver rise) and the economy is recovery., rather people are fleeing the dollar, lets join our chinese friends that are getting into holding physical metals. The media has the US thinking there's a economic recovery, it's total BS. If we keep doing business as usual the outcome will be bad.. Peter Schiff is informed-correct.

[VeteransAgainstKonop]

Ben Bernanke is a punk !!!

[barkulator]

Bernanke is in fact an expert on the Great Depression. He's creating another one, on purpose, because this is what the gov't wants right now. We'll be in a shooting war with NK and Iran inside of 10-12-15 yrs. that will relieve the depression.

Most people don't know the incomprehensible depth the paranoia goes in these world leaders. US citizens will be convinced of the justice of the war once they start making money again.

[ariesram74]

Bite a shotgun redneck

[Adahondeayenh]

The devil is an evil entity! I can't believe that Obama actually said " The devil we know is better than the devil we don't". HIS eye is on the back of every $1 bill, I'm disgusted our president first said:

1) Our nation wasn't a Christian nation but a secular nation

2) The devil we know is better than the devil we don't.

[pairunoyd]

Im a southern US redneck and I looooove Jews, especially Brother Schiff! Jews are a gift from God. You think Schiff can help what skin he's born into? Nothing wrong with having assessments on various races/people's, but ALWAYS give each INDIVIDUAL the chance to prove himself.

[XanatharEye]

STATE prison