Peter Schiff: 'QE2 is the reason for recession'

On Friday new numbers are going reveal what is occurring in the employment sector, but many economists say the outlook is grim. The unemployment still lingers at around nine percent and Congress has fallen short of creating jobs for many Americans. The Federal Reserve is believed to step in again with more quantitative easing, but is this really the solution to the US' economic problems? Peter Schiff, president at Euro Pacific Capital, will help answer some questions.

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[Leofus1986]

Peter Schiff: THA BAUS!!!

[chuska8383]

RT please continue to have REAL economists (Austrian economists) on like Peter Schiff. This man puts to shame some of the completely clueless dupes you have on like the union shill and the Keynesian quacks.

[Lethn]

@98bigbutt Don't compare the rioters in London to people wanting revolution, ever, the rioters in London were largely made up of chavs who wanted nothing more than booze and trainers and were attacking ordinary people, the people I saw on the news were unfortunately the exact ones I expected.

If they were looting food shops and banks then your comment would have more merit, people on forums have even commented how there were servers in London that would have made them thousands if sold.

[IskalkaQuest2010]

A great one by Peter Schiff (I call him Mr. Logic - hope he likes the moniker!) Hey fellow Tubers suggest passing this one on....how about it?!?!?!

[haraldschl]

The government knows exactly what it's doing. So does the federal reserve.THey are not stupid. A planned collapse or coup. Know your enemy. Today America, tomorrow the world.

[sociomike]

@98bigbutt probably next year when food prices go up

[bloorwestreno]

riots are a stupid idea because you lose your communal infrastructure and penalize small business, plus all those kids are going to get criminal records for a pair of nike's

[bloorwestreno]

i think he's being alarmist because the US won't lose its reserve currency status, that's what the military is for

[DukeofWellington91]

@98bigbutt Most of them can barely read or write, I highly doubt they were politically motivated, most probably know nothing of politics.

[98bigbutt]

@DukeofWellington91,No they rioted because they were fed up with the system that was bringing them down.

[DukeofWellington91]

@98bigbutt People in London were not rioting for political reasons, they were rioting because they are a bunch of tear away thugs who think they are gansta. 

[MrAligauhar]

no we dont need to riot like london friend...but u see qe + lesser interest on bank reserves+ USA not doing business+ warfare + secret projects+ intl trade+ intl recession.......= 100% USD DEVALUATION = inflation for common man in USA

its still going on ... the engines are whisteling... but we are sleeping knowing not where this train is heading....what we really need to do is put pressure on our gvot to take proper steps... trust me theres no place for USA citizen out of USA BCOZ OF OUR PAST.