Peter Schiff Money Bomb. The Time Is NOW. August 7th 2009
By Daniel at 14 August, 2009, 8:10 pm
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Peter Schiff saw the crisis coming something the Federal Reserve & talking pinheads on CNBC failed miserably at. It’s too bad I don’t live in CT because if I did I would vote for him over the current incompetent i**** Chris Dodd for US senator. Too bad we can’t get 25 of him and 25 of Ron Paul because if we did Congress would have my respect. So I ask if CON is the opposite of PRO then CONgress must be the polar opposite of real PROgress?? Hell yes 
“Wall St. believes in cycles and I the history book. With the exception of the oil embargo years every major economic setback for near 200 years has also included a negative natural event. The dustbowl started in 1932 and was a major contributor to slowing any recovery. As a matter of fact, it really took WWII, not any new deal policy to get things rolling. The U.S. is not the only place in which you will find people living under bridges.
A second Great Depression is coming.
And now the problem is what to do about Lehman Brothers. A lifelong scholar of the Great Depression and its causes, Bernanke deeply believes that the global economic crisis of the 1930s, with all its baleful political consequences, could have been avoided if the Federal Reserve had more aggressively pumped liquidity into the
economy. He has also been informed that the venerable Wall Street investment firm, with hundreds of billions of dollars worth of connections to the global financial sector, is running out of cash The Treasury owns most of General Motors and part of Citigroup and Bank of America, while the Fed funds mortgage-backed securities and the commercial paper markets to the tune of hundreds of billions of dollars. The Fed’s balance sheet stands at about $2 trillion, double what it was two years ago.
Put a stop what the government is doing.
This Peter Schiff has proven he knows what he is talking about! Of course he will be mocked.
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