Peter Schiff Says - Has Bernanke Gotten Anything Right?

Peter debates with FED Officals

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[mistermayy]

lol peter owning those other talking heads.

[gee100]

amen brother ! when folks fall back on the 'he was dealt a bad hand' business, I laugh. folks in the central banking system aren't stupid.. just corrupt. they knew as well, or better than all the economists who were saying we were heading towards this crash, that it was going to happen. bernanke, greenspan, volker, etc. they ALL knew exactly what was going on and the probable outcome.. and why it was going that way!

[ExhibitMan]

Peter Schiff for President

[specblend77]

Not sure what was a sadder example of the decline of our species. The zero at end sticking up for Bernake obviously in hope of his own personal gain or the zombies in the crowd cheering his comments. Unreal...

[Pglarsen]

"Oh poor, poor Bernanke. Come here and sit with your mama."

That last speaker wants to create sympathy for Bernanke. LOL, it sounds like the Fed is suppose to be a daycare center and help these poor economists when "they are dealt a very difficult hand".

[RobTzu]

LOL Printing money is "innovative". Isn't the printing press the answer the Fed gives to every question? Its like my friend turning to beer to solve his every problem... not sure changing what bar he goes to is "innovative" problem solving...

[Seano71]

give Schiff the job

[gee100]

my original point was I think they AREN'T stupid, but corrupt. if thousands of lay-economists can see the dangers in what they're doing.. they most certainly do also. just that their gain, whether it be financial or otherwise outways the moral needs of the U.S. people. they know what they're doing.

[gee100]

well, I look at the whole banking system as flawed to begin with. fractional reserve banking is criminal in my book. no where else in the world of business can you loan more than you have.. legally. this is a flawed system. then, to conduct business in that arena as though you were operating under a sound business model.. raping the american people in the process .. to me, is corrupt.

[IVoteNone]

"I'll say the Fed is stupid AND corrupt for still clinging to the flawed theory, ie, Keynesian economics."

Well are they stupid or corrupt? If they're stupid then it was simply a matter of not knowing what they were doing. If they were corrupt then they knew what they were doing but did it anyway for political reasons.

[lsa420]

Agreed.

But since it was the flawed theory that central bankers follow that got us into this mess, I'll say the Fed is stupid AND corrupt for still clinging to the flawed theory, ie, Keynesian economics.