Posted by
Putting Peter Schiff on a panel with St. Louis Fed President James Bullard and former Fed Vice Chair Alan Blinder is asking for trouble or, at the very least, a heated debate. That’s just what occurred last Sunday night in New York at an event sponsored by Princeton’s Business Today. Predictably, Euro Pacific Capital’s Schiff disagreed with Bullard and Blinder on just about everything, including the government’s role in causing the crisis, and the outlook for the economy and the dollar. But the most contentious moment came toward the end of the evening when a student asked the panel to comment on Ben Bernanke’s 2005 “global savings glut” theory, and what role China’s high saving rate played in the credit bubble. Schiff’s response, “Ben Bernanke has never gotten anything right,” generated some guffaws from the crowd and a sharp retort from Blinder and Bullard, who rose to Bernanke’s defense.
How can those other two guys even sleep at night? Such Tools. Goooh(dot)com <—- Go there, and help fire ALL of these morons.
He wanted to nit pick and then expect us to allow him to not know the date? Fuck that shill.
@rolexx If your dealt a difficult hand, then you fold. If there are no investment opportunities you don’t go all-in.
Bernanke is cluless about finance or even gambling.
Schiff is a crank, and cranks always seem popular and insightful in difficult times, especially when all they have to do is spout vague generalities and bash the people in power actually trying to solve the crisis. In reality, his explantation are very unsophisticated and general, not deep or relevant for anyone with any real understanding of how these things work.
03:37 – Nurse Ratched from “Cuckoo’s Nest”
They foresaw the problems, because ancient ROME & EUROPE had been making the Debt mistakes and playing games with “notes” for centuries. That’s why in addition to your EXCELLENT points, remember “…nothing but gold and silver …” as legal tender. (even that couldn’t stop the nonsense: Sherman Silver Act bankrupted the USA, and delivered us into the waiting arms of J.P.Morgan and his banksters.
That’s funny, I was thinking the exact same thing. It looked like he was about to…
China’s government controls their currency. In the US the private Federal Reserve Bank controls our monetary system & they’re NOT about to forgive (wipe) our debt. It’s called Permanent Indentured Servitude, you, your children, grandchildren, an so on are doomed forever…
Thank you. Apparently you & I are the only ones here to notice that.
Nowhere in those sections does it authorized Congress to bail-out banks, socialize health care, bankrupt our nation!! In fact if you bothered to read BOR Amendment 10 “powers NOT delegated… remain with the States” you see; the founders foresaw this problem & took measures to prevent it, but when has Congress followed let alone read the US Constitution?!
LOL, you’re right!
Once a FED stooge always a FED stooge. What are these 2 doing; vying for Bernanke’s affection, what sycophants! Schiff is concise & to the point as usual.
hahaha
@soundmoneyfan : He could be a tweeker, or perhaps it’s guilt?
Meh, must be a tweeker.
hahaha, ben bernanke is innovative??? what the fuck is innovative about a central banker printing massive amounts of money, pay interest to banks for holding fed reserves, and buy bullshit assets from the member banks who…..surprise own the federal reserve!!! it is a balance sheet laundry machine! haha, these people make me sick
@secretbonus Blinder does have Tourette’s syndrome
@RoySC1 they were allowed to lay and collect taxes on income until the 16th amendment passed in 1913…..the same great year we were given the federal reserve
Boo sir! Boo i say !
He was on the FED board for YEARS, and was chairman during BUSH, and directly steered us into this crisis.
lol, I love the first guy has all sorts of nervous twitches. Maybe it’s torrets, either that or he’s allergic to his own BS. The other guy sounds like he’s telling a joke of some sort.
@RoySC1 yes but every state has the right to nullify any federal law. In other words, if you don’t want to be a victem to taxes, you move to a state that doesn’t tax. It’sjust a matter of waking up our representatives, unfortunately which may be difficult due to the corperate influence in politics.
BOOO! those Fed stooges!! BOO! THEM!!!
Your Constitution gives Congress a blank check to tax , and borrow from you and your grandchildren, until hell freezes over.
Read Article I, Section 8, Clauses 1 and 2. It says that Congress has power to lay and collect taxes, and to borrow on the credit of the United States for purposes of providing for the common defense and general welfare.
So the stage was set long ago by the founding fathers to enable Congress to enslave you. And there isnt a thing that you can do about it.
It really isnt hard to see whats going on here with all this money moving around.
@B00NAMAI Its because what hes done ‘right’ is to move money into the hands of rich bastards and big institutions. They dont want to admit that thats been the plan from the beginning.