Operation Screw: The Fed goes all-in on QE





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Published on Sep 14, 2012

The geniuses at the Federal Reserve have concocted a bold new plan to revive the U.S. economy -- print a bunch of money, loan it to Americans at super low interest rates so they can speculate on rising real estate prices, extract the appreciated equity and spend it on consumer goods. In other words, build an economy of real estate, by real estate, and for real estate. The only problem is we've been there and done that. The last time it almost destroyed the U.S.economy. I guess almost isn't quite good enough for the Fed, so now it's determined to finish the job.

These actions will destroy Americans' savings and hurt people on fixed incomes. To protect yourself, I recommend a strategy of foreign equities, commodities, and gold and silver. To buy gold and silver, contact my company Euro Pacific Precious Metals at 888-GOLD-160, or visit http://www.europacmetals.com. For your stock portfolio, contact my brokerage firm Euro Pacific Capital at 888-727-7922, or visit http://www.europac.net.

Comments • 802

Right then, right now.  They are doing everything to keep this shitstorm up while they continue to rob the middle class
Stocks are partial ownerships. If a company wants to expand it sells stock and uses that money to expand. The stocks are then sold back and forth on the stock market with their prices dependent on bubbles, inflation, recessions etc. But then… if that is the case, aren’t stocks just a hoax? Isn’t the stock market a place for buying and selling money, or should I say confidence(in paper and digits on screens)? Doesn’t sound like real wealth. What did I miss?
Unfortunately it would. The reason inflation is "low" in the US is because it exports it to the world due to being a huge debtor and the reserve currency. All that money created is leaving the states, or quite a bit of it. When they hyper-inflate, it will hurt all fiat currencies unless they break away from the US as a reserve currency before it happens. That's possible, but not likely, and I doubt Canada would. 
No need. Get gold and silver, emergency food, and a safe place to go for a few months. When the dollar collapses, there will be chaos and confusion for a few weeks, maybe months, and after that it'll calm down, people will begin to talk, and a new currency will eventually be formed, I'm quite confident of that. It's how history always plays out. If the internet and electricity remain running, there might not even be much chaos. 
the entire world is based on the american dollar, so yes. 
Jesse Batista
While i dont always agree with everything Schiff says... lets assume the worst case scenario for the sake of the argument and we got hyper-inflation... Canada is very tight with the US and our currencies tend to fluctuate together and our bonds yields tend to go in tamdum as well... But Canada isnt printing money, our benchmark rate is 1% (higher than most developed nations) and our debt-gdp-ratio is only 35% would my Country get hyper-inflation also if the US did or not?
And we should believe the IMF because....?????
godamn a phd in neuroscience and I'd be stuck driving a bike cab 
Segloa Marti
According to the IMF, the quantitative easing policies undertaken by the central banks of the major developed countries since the beginning of the late-2000s financial crisis have contributed to the reduction in systemic risks following the bankruptcy of Lehman Brothers. The IMF states that the policies also contributed to the improvements in market confidence and the bottoming out of the recession in the G7 economies in the second half of 2009.
Bob Thunder
Shame on Mr. Schiff ;)
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