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frankkarl
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Operation Screw

- Peter Schiff - Euro Pacific Capital

Blah, blah, blah. Sorry Peter. But you continue to address the Fed issues with the same willful ignorance of the basic fact that the Fed represents the bankers, not the people. The Fed is not there to create employment, manage interest rates and guide monetary policy. That is what they tell us. If you measure the Feds actions against it's words the same answer will repeat. The Fed is there to protect the banks and enhance their profitability. Period. But you continue to suggest we carry the scorpion across the river if only it would promise not to be a scorpion.

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Beginning of the headline : With yesterday's Fed decision and press conference, Chairman Ben Bernanke finally and decisively laid his cards on the table.And confirming what I have been saying for many years, all he was holding was more of the same snake oil and bluster.Going further than he has ever gone before, he made it clear that he will be permanently binding the American economy to a losing strategy... Read More

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