Schiff: Fed Will Turn To QE3 In Failed Bid To Prevent Economic Depression Bernanke set to crank up printing presses once again Paul Joseph Watson www.infowars.com www.infowars.com Thursday, September 22, 2011 Although mainstream financial analysts are all but certain that Ben Bernanke will now refrain from launching a third round of money printing, economist Peter Schiff told CNBC today that the unfolding global depression will force the Fed to resort to QE3 in a failed effort to prop up the plunging stock market. The Dow tumbled and Standard & Poor’s 500 Index sunk below its lowest close of 2011 in response to the Federal Reserve’s announcement yesterday that it saw “significant downside risks” in the economy and would embark on a program to replace $400 billion of short-term debt with longer-term Treasuries. Speaking with CNBC, Euro Pacific Capital Inc’s Peter Schiff said the collapse was another indication that a global depression was already unfolding, “An extended period of time where the markets are going to deliver returns that are much less than the real rate of inflation.” Despite many economists hastily proclaiming that QE3 is now off the table, Schiff made it clear that today’s market reaction only made it more inevitable that Ben Bernanke would once again turn to the printing presses in a desperate bid to keep the ponzi scheme ticking over. “I think we’ll go through a period of time where markets go sideways though for now we’ll keep falling until the fed …
Peter Schiff and Alex Jones together make great and helpful conversations.
nice post more vids…
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Goodness, Peter Schiff is one smart man.
Alex you need let stop trying to get your guests to agree with you, or using them to back up your own viewpoints. It’s not about agree on everything.
Alex made Peter look calm. And that’s very rare… -_-‘
Peter is a very good adviser !
Peter Schiff is part of the phony economy too, because he want ppl to invest in the phony banks. 1st everybody are over indebted so I don’t see when ppl are going to save money. The real solution is a total reform of the economy and zapping everybody’s debt, move the dollar back to gold, end the fed and create state banks that loan at very low interest and a central bank controlled by the government and not foreign institutions. Come on Alex give us Max Keiser instead.
Even with a gold standard…that does not stop the abuses of Fractional Reserve Banking. At the peak of real estate, banks, Freddie-Fannie, Goldman Sachs were lending at as high as 300-1. Banks went way beyond the standard and absurd 10 to 1 traditional reserve requirement. If you put 1 million in the bank, Commerical Banks lend out about 30 million…that money inflated real estate, that money lent out again etc. Also, governments should not pay banks to create their money at interest.
@drtphd
That’s not true. You dont understand the financial industry and yet make incredibly arrogant comments about it.
@TheQuantumParadox
“because he want ppl to invest in the phony banks”
No, he doesnt. Thats exactly the opposite of what he advocates. He has never once told anyone to invest in ‘phony banks’, but rather to get out of them.
@marinello6
This is true. FR banking is what causes inflation to a far greater extent than the fed alone.
@treysparker listen between 4min 50 and 5 min : we need people to invest and save… now come on treyspaker and tell me that is sound advice to give money to the bloodsuckers.
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@MatrixReality2011 alright not sure if your trying to be sarcastic or what but it doesnt matter if we tried to actually fix things now….its too late…40 years too late actually that is when we started causing these problems and we will have to pay for this very soon
@treysparker of course it’s true. Look no further than Grant’s Interest Rate Observer for the missing $594 Trillion in bogus credit default swaps the fed member banks have on their books and are hidden under FAB 157 little troll. You cite noting and know nothing sonny.
@treysparker Also the power to create money should be that of the government…at zero interest. This scheme of goldsmiths then bankers lending at interest is ingrained in the human psyche to the point where people can not conceptualize anything else but the status quo. The status quo is as obsolete as the belief in a flat earth.
@rpo11234 Yep it is to late and the shit is gonna hit the fan very soon.
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Alex’s shirt collar looks a little on the small side. :-)
It’s as if there’s an invisible cloud of evil that moves across the world and into the hearts of people. Right now there’s a serious amount of hate being generated in the States by members in the media. It’s been building ever since ted koppel came on the scene and showed how easy it is to blame Caucasians for all the ills of the world. As a result of koppel hammering on the collective conscious, media liberals, especially black ones, are indoctrinating 24/7 everyone to hateand blame Caucasians
they do NOT want to repair the damage. We do need more spending if we’re going to fail faster…and THAT is the point, that is what they want. They are trying to destroy this and every other nation on earth, but we are at the top of the list. They won’t do anything that might actually heal us, it defeats their intended purpose altogether. Peter’s right, about how to fix it, so of course they will not listen. This is endgame. the final push.
Ron Paul for President, Peter Schiff for Treasury Secretary
I’m scared, very scared! We weren’t here for the great depression, but we’re here for this one. This outcome will be the world will be shared between Europe, China, America as far as Governments go. Or in other words NEW WORLD ORDER. At first I was skeptic, but not now. I guess we will live with it for awhile, but then will rebel against it. Small wars first, then growing to become global. Stock up on food…heaven help us. AND ammo. 2012 the end of the world! As we know it.
I’m not an Alex Jones liking person, but I think silver would be good to buy if I could afford some.
Wait !! You’re blaming our government for trying like hell to avoid a so-called “eventual unraveling of our economy”?
Most Americans hope they’re trying to avoid an unraveling! So, because you’ve primed the pump with $10 billion of clients’ money, ready to ‘short the unraveling’ stock market to make $120 billion, this appropriates hustling your come-from-behind brokerage firm at the expense of, oh…..North America?
WHAT?? New wars? I hate war..