3/16/2009 Economic Update By The Man Who Predicted The Collapse: Bernanke On 60 Minutes

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Uploaded by on Mar 16, 2009

Visit http://www.PhilDeCarolis.com to sign up for my free weekly newsletter that includes Economic and Real Estate updates or for more Peter Schiff videos and real estate advice from an experienced Investor/Realtor. Let me help you protect and grow your wealth NOW before it is too late. Contact me right away for a referral to my own personal broker with Euro Pacific Capital that can advise you on the purchase of precious metals (Gold, Silver, etc..), Commodities And/Or Foreign Dividend paying stocks to hedge against rising prices and your loss of hard earned wealth. Join me in preserving your savings so that we can utilize our retained purchasing power to purchase Discounted/Cash Flowing California Real Estate Assets at the bottom of this downturn for pennies on the dollar that will rise in value dramatically during Californias' next cyclical inflationary real estate bull market.

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Top Comments

  • Obama didn't bring in change, he brought in an economic hit team. American dollar to go boom in the not so distant future?

  • It's sad how many people think 60minutes is investigative journalism - what a joke, they didn't press Bernanke at all - they could have at least reviewed his senate hearing responses to Congressman Paul's questions.

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All Comments (51)

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  • Yep. 2011 now, and still knee-deep in the recession.

  • one morning We the People will wake and look to the East Coast only to notice that Washington and the Fed is vacant...not a soul there.

    Then we'll look to the West Coast and see the thousands of Boats From China landing in California.

  • He repeats himself a little too much. I have the same problem with Ron Paul. But that doesn't mean I don't like em!

  • Actually the problem isn't with the FTA countries. We have big problems with Brazil and China who have massive tariffs and non-tariff barriers against our products. NAFTA has helped our country, not hurt it.

  • yep, glad you see it. he's the consensus now.

  • And by he I mean Bernanke.

  • He is not clueless. He knows exactly what he's doing. If he's such a moron, why the hell would he skip a meeting before Congress to run off to a secretive meeting in Europe with the other central bankers of the world?

    Read the writing on the wall, they WANT this depression to be worse than the Great Depression. They WANT to bring America to her knees. They WANT to leave us with no other choice than to adopt a singular global central bank.

  • thereallurker - problem is real economy - production was Nafta-ed out under Bill Clinton and we got service economy, Peter shift needs to watch the Money Masters, he acts like he does not have a clue that the Fed is an agent of the British to kill American system off the planet. Schiff and his elk only care about lining their pockets, they care not about ppl. They use the code word entitelments, but look who is getting them now, the Banks & Corps. that robbed everyone with CDO's & Derivatives

  • Dumbass, an example of exporting a service:

    An architect located in the US designs a building for a customer in a foreign country.

    An chemical engineer designs a new chemical separation process for an overseas customer.

    How about a franchise, bringing a student over here for study, or bringing in an international tourist. Money comes in, service eventually goes back out.

    LOL, you are really pathetic. I hope you get it, but you probably don't.

  • every single comment i've read on this page must be the patriotic couch sitters that thought home appreciation of 20% annually is normal. goodluck you fouls.

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