Bernie Madoff Says the US Government is a Ponzi Scheme (Peter Schiff)

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Bernie Madoff said that the US government is running a Ponzi scheme. Madoff is someone who knows a Ponzi scheme when he sees one, so he has a lot of credibility on this issue.

Central banks around the world are raising interest rates, while the Federal Reserve is keeping them low in the U.S. This means that rather than exporting their inflation around the world, Americans will finally have to begin to eat it themselves.

As interest rates rise, there is going to be a lot of pressure on the States in the union. They are ultimately going to have to turn to the Federal Reserve to bail them out.

A record 71% of the bonds in the last ten-year auction were bought by foreigners. That will soon change. If you want the evidence of inflation, stop looking at the bonds that are being manipulated by central banks. Look at the record highs of silver and gold.

There isn't a lot of downside in the stock market, at least measured in terms of the dollar. In terms of gold, there is still a lot of downside. Look for the Dow to be priced at 1 ounce of gold in the future. The time frame, however, is impossible to know. It might be one year, two years, or even three years.

The phony economy is coming to an end, because these policies are causing tremendous damage around the world, and they are getting tired of it.

Category:

News & Politics

Tags:

• Peter Schiff
• Treasuries
• Government Bankrupt
• Financial Collapse
• Economic Collapse
• Financial Crisis
• Economic Crisis
• Gold
• Silver
• Dollar
• Federal Reserve
• ron paul
• john stossel
• judge napolitano
• inflation
• hyperinflation
• interest rates
• capitalism
• free markets
• tom woods
• austrian economics
• fast money
• bernie madoff

[ecnerwal999]

Cnbc clown: "No we're not running out of fools". Schiff: "Well there's a few of them on fast money". 2:55 haha

[kel18323]

Cnbc clowns make me laugh lol

[whispers1136]

of cource the us government is, its call republicans..... lol

[zeuspitar]

This is THE REASON why I do not watch regular T.V. news! It is frustrating watching these people on the these main-stream news channels.

[lilbromarky1]

@ecnerwal999 Aww man Peter is hilarious. Freaking trounced them and smiled

[rudemood2011]

I'd love to see Melissa and Karen french kiss!!!!!!!!!

[sellsjeeps]

That fucktard at the end. Corporate earnings have never been higher. Oh yeah... Sure when the fucking FED prints trillions and hands it out to giant corporations to keep them afloat your balance sheet is going to look pretty good.

[br0dskalk]

rofl @ the completely clueless (or better called, shill) idiot dude is a shame. talk about keeping the cower over the american eyes.

these people are the ones that gets out in the street and shot if there is a revolution. the propagandists.

[rudemood2011]

I think that Melissa Lee and Karen Finerman should french kiss!!!!!!!

That would be so freaking hot!!!!!!!!!!

[idonthinkso100]

Timmy & Melissa...you both laugh like children picking on the smart person...only your an adult and it makes you both look like the ass that you are. Not only are you an ass...you dead wrong...and you look like fools. You breach to the public to follow your lead....how embarrasing for the two of you!! You've lost all credibility and respect not only for being stupid but for they way you treat Peter Schiff....like the little punks you are...laughs on you!! YOUR WRONG!!!