Archive for October, 2011

www.presstv.com In this edition of the show Max interviews Jeff Berwick from dollarvigilante.com. He will talk about the latest on the US dollar devaluation and US economic outlook in general. He also talks about the Occupy Wall Street and Occupy the Fed movements which are spreading across America. We also discuss Congressman Kucinich’s effort to bring the US Federal Reserve under the control of the Treasury Department.

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 0 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 …