Seated Next To Alan Blinder & William Poole, Peter Schiff Says: "Ben Bernanke Has Never Gotten Anything Right"

Video: Two blind mice and a badger -- Peter Schiff, William Poole & Alan Blinder -- Nov. 27, 2009

This is pure awesomeness.  Schiff has brass cojones, which is why we can't wait to see him in the Senate in 2010, after he lays waste to Captured Christopher (Dodd).

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Text from youtube author:

Putting Peter Schiff on a panel with St. Louis Fed President James Bullard and former Fed Vice Chair Alan Blinder is asking for trouble or, at the very least, a heated debate.

That's just what occurred last Sunday night in New York at an event sponsored by Princeton's Business Today.

Predictably, Euro Pacific Capital's Schiff disagreed with Bullard and Blinder on just about everything, including the government's role in causing the crisis, and the outlook for the economy and the dollar.

But the most contentious moment came toward the end of the evening when a student asked the panel to comment on Ben Bernanke's 2005 "global savings glut" theory, and what role China's high saving rate played in the credit bubble.

Schiff's response, "Ben Bernanke has never gotten anything right," generated some guffaws from the crowd and a sharp retort from Blinder and Bullard, who rose to Bernanke's defense.

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Comments

[GobiasBestFriend]

Yes, that is Jim Roger's line. Also the line, "you are bad for my nervous system." This is not to take anything away from Peter, everyone should be singing that from the hills until Ben is put in jail.

[GobiasBestFriend]

...and Barry Soetoro is put in jail beside Madoff. They could fight day after day about who swindled the retarded public more.

[James Street]

I don't think we "need" a revolution. Revolutions arrive, more or less on their own, because adequate reforms of untenable, impossible situations are not produced by the political system that is in place.
I said they arrive, more or less on their own, because the forces that produce revolution, war and chaos are always simmering under all political systems and they are only prevented from erupting when the white hot heat, usually called injustice, cannot be cooled down by political reform.
All the exhortations to storm the gates or, on the contrary, to be reasonable and try to change the system by working from within are of little avail.
Historical forces will decide and if the tipping point for another revolution ever comes then a seasoned revolutionary will put himself in front of the angry, plundering mob and call him/herself The Leader. For every Mao and Lenin there are ten thousand men and women who die in obscurity with the same philosophy.
We can analyze every modern revolution from Cromwell to Mao and come up with different reasons for why they arrived and succeeded or failed but we can't predict the future until it has almost fallen on top of us. History demonstrates that, at least.

[GobiasBestFriend]

Yes James, like the Reagan revolution.

[GobiasBestFriend]

April 2009 - WASHINGTON (CNN) -- President Obama unveiled his administration's blueprint for a new national network of high-speed passenger rail lines Thursday, saying such an investment is necessary to reduce traffic congestion, cut dependence on foreign oil and improve the environment.

"My high-speed rail proposal will lead to innovations that change the way we travel in America. We must start developing clean, energy-efficient transportation that will define our regions for centuries to come," Obama said at an event near the White House.

Okay, now back to reality...BEIJING (AFP) – China on Saturday unveiled what it billed as the fastest rail link in the world -- a train connecting the modern cities of Guangzhou and Wuhan at an average speed of 350 kilometres (217 miles) an hour.

[Oscar_DeGrouch]

We desperately need high-speed rail in order to get people from their homes to the unemployment office to collect their checks.

[GobiasBestFriend]

Amtrak is a government run monopoly. That is why what other countries have with regards to high speed rail sounds like fantasy.

Soon the government will have the same stranglehold on our health care industry. Every year they got us by the balls, our system will start to look like it was formed behind the iron curtain. In a way, it will have been destroyed behind a curtain, a curtain of lies and fraud with Barry Soetoro as it mascot.

I hope Barry gets a bust of himself at the Capital commemorating how he and the leftist took a hammer and sickle to the best and most advanced medical system in the world and replaced it with Amtrak healthcare only with the new Amtrak motto Inferior Service for All.

Barry, stay in Hawaii you fraud. You have done enough damage already to our economy.

[GobiasBestFriend]

Another great post Gobias. Again, on fire, too bad the rest of this site is in a coma.

[Sagebrush]

When the gates come down if revolution does arrive, a lot of special interest serving politicians who don't rate a ride on Marine one or two will wish there was a high speed rail out of D.C. I bet gallows and guillotines will be sprouting up like dandelions on the White House lawn. You can bet the "Great Unwashed" ( a Senator used that reference to describe the middle class awhile back) will be screaming for blood, kind of like the good old days (1789) in France.

[Claudia]

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Claudia

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