"There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." -Ludwig Von Mises
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Nov
27

Peter Schiff: Ben Bernanke Has Never Gotten Anything Right

Author: Mac Slavo
                            Comments (3)

On Sunday November 22, 2009, Peter Schiff joined St. Louis Fed President James Bullard and former Fed Vice Chair Alan Blinder at an event in New York. Business Today was there to record the event.

Quite an entertaining debate, though we would have loved to have seen more. Peter Schiff is not afraid to point out that Mr. Bernanke has not done anything right and has not accurately predicted the state of affairs, even while he is sitting next to two individuals who know Mr. Bernanke on a personal level and attempt to defend his record.

Watch Peter Schiff debate The Fed:

Author: Mac Slavo
Date: November 27th, 2009
Visit the Author's Website: http://www.SHTFplan.com/

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3 Responses to “Peter Schiff: Ben Bernanke Has Never Gotten Anything Right”

  1. ovals
    November 27th, 2009 at 11:51 am

    Those Fed guys got owned. Neither one of them could give a single example? Not one?

    Schiff did a great job firing back at the “difficult hand Bernanke was dealt” argument. Bernanke was one of the dealers!

    Haha

  2. Patrick
    November 27th, 2009 at 8:32 pm

    SpongeBob could have done a better job than Bernanke.  Unless of course, by ‘job’ one means be a stooge for the global banksters.

  3. Mac Slavo
    November 27th, 2009 at 9:05 pm

    So true Patrick. I mean really, how hard is it to come up with the idea to just print money. He didn’t even have to come up with an exit strategy. Just print. Then print some more. And if that doesn’t work, let’s print some more just to make sure that we have printed enough.

    Schiff’s got balls. I am surprised they actually sat him next to these two guys.

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