Peter Schiff Bitch Slaps Bernanke

Schiff was debating two Fed officials and blasts Bernanke and the Fed, saying Bernanke's never gotten anything right. The article says the Fed guys gave a "sharp retort." Listen to the debate, though. Their "sharp retorts" were something akin to a five year old saying, "Oh, yes he has."

Between the two of them, they can't come up with even one example of ANYTHING Bernanke has done right. This is supposed to be a serious economic debate, and these guys just say it would take too long to mention all of our esteemed Fed chairman's accomplishments, and he was given a tough job to do. These are the people who purport to run our economy, completely owned by a private citizen. Pathetic.

Schiff for Senate! And then President!

[link to finance.yahoo.com]

"Ben Bernanke Has Never Gotten Anything Right," Peter Schiff Says: Fed Officials Respond
Posted Nov 26, 2009 09:00am EST by Aaron Task in Newsmakers
Related: ^DJI, ^GSPC, SPY, TBT, TIP, GLD, FXI
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

Last Edited by Revbo on 11/30/2009 10:22 PM