Operation Screw: The Fed Goes All-in on QE

 

And Peter Schiff tells us in 17 exasperated minutes just what he thinks of the latest policy on QE.  Description:

http://www.youtube.com/watch?v=LS879r7xeLc&list=UUIjuLiLHdFxYtFmWlbTGQRQ&index=1&feature=plcp 

"Published on Sep 14, 2012 by SchiffReport

"The geniuses at the Federal Reserve have concocted a bold new plan to revive the U.S. economy -- print a bunch of money, loan it to Americans at super low interest rates so they can speculate on rising real estate prices, extract the appreciated equity and spend it on consumer goods. In other words, build an economy of real estate, by real estate, and for real estate. The only problem is we've been there and done that. The last time it almost destroyed the U.S.economy. I guess almost isn't quite good enough for the Fed, so now it's determined to finish the job.

"These actions will destroy Americans' savings and hurt people on fixed incomes. To protect yourself, I recommend a strategy of foreign equities, commodities, and gold and silver. To buy gold and silver, contact my company Euro Pacific Precious Metals at 888-GOLD-160, or visit http://www.europacmetals.com. For your stock portfolio, contact my brokerage firm Euro Pacific Capital at 888-727-7922, or visit http://www.europac.net.

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