Peter Schiff Responds to Bernanke's Military Propaganda

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After Ben Bernanke briefed the military on why the Federal Reserve is so important and why no other system would be feasible, Peter Schiff felt compelled to respond on his radio show. This video shows the propaganda speech given to the Marine Corps, followed by Peter Schiff's response.

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News & Politics

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• 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
• bernanke
• gold standard
• great depression
• federal reserve

[Theobrothers]

1:24

HAHAHAHHA, He just admitted increasing the money supply increases inflation and that it isn't good!!!!!

OMG!!!! HAHAHAHAHA.

[jneil2007]

Just about every country now has no middle class and is socialist to a great extent. I wonder what central banks and fiat currency have to do with that? Hmmmmmm

[abarhadebar]

What a a bunch of BS!

[abarhadebar]

Libya had gold backed currency and they WERE doing Great and so were the people. No debt and money in the bank!!

[bigoxtailbone2]

the government would print the money. A federal department to control money supply.

[Biosynthnut]

Wow...Bennie your so full of shit. If the gold standard "caused" the Great Depression. Then fiat money obviously NEVER caused any of the bubbles and recessions following... Yet it's your monetary policy that helped engineer it.

[MrBiggMan]

at 2:20 they're all thinking, "wow, this guy is completely full of shit"

[tryptala]

An institution full of PhD.'s and NONE of them saw that their housing bubble was going to pop and cause a global economic catastrophe? THE VERY BEST THING YOU COULD POSSIBLY SAY ABOUT THE FEDERAL RESERVE IS THAT IT IS COMPLETELY INEPT.

Ron Paul 2012!

[jneil2007]

@ThaigerDon Keynesian policies are like being addicted to heroin. They are junkies who just want to keep us on the roller coaster ride of inflation and low interest rates.

[ThaigerDon]

@jneil2007 we never should have become keynesians!

[KNOXIOUSFUME]

PUPPET!!!

[cwoclingensmith]

He just said that the gold standard was bad because it transmitted shocks from one country to the next and was instrumental in the great depression? WTF is going on now in Europe? And look back in recent history to the Asian, Mexican, Russian, and other financial crises that were transmitted from one country to the next.