Bernanke Is Wrong! The Economy Is Getting Worse, Not Better, Schiff Says

Peter Schiff is dead-on. He really couldn't be any more correct.

i completely agree with peter. his comments are common sense as to how an economy grows or dies.

Bernanke is either wrong ... or lying. Could he be in a position much like Allen Scwartz two days before Bear Stearns was taken down, where he really has no other choice? Peter Schiff is wrong about the role government must play. Reconstitution of the Bank of the United States is imminent. Think in terms of a totally trapped Anglo-American financier. THESE are the folks who are bankrupt. Each new day brings them more desperate for a face-saving way out.

He must own a home on Main Street USA and not on Wall Street. He is 100% correct. Exponentially increasing foreclosures, rising unemployment, tepid growth off a bottom, etc etc etc...

Let me say it again- Peter Schiff knows the real deal! He can see through the BS. We need to stop buying Chinese junk! We need to buy American products! Get off foreign oil! Invest in America's future!

Gotta believe the US stock market will be your safe haven from an inflated dollar. Schiff is invested in what?

If there are 300 comments to one of these articles/videos, does anyone really page through to the last comment?

A paradox of reality is that it is elusive, yet inescapable.

Why not "I love the smell of panic in the morning"?

Peter is the MAN. One of the reasons i invested in physical Precious Metals. Hey Peter, let's hope bernancke keeps the presses running 24 hours a day. We'll be KINGS.

Giving away free money is not an economy it's a Ponzi scheme! It's Japans lost decades all over again. No wonder the Nasdaq has been falling since 2000 like Japans Nikkie has since 1990s. You create nothing with free money except asset inflation and it destroys the real value your economy creates. USA government is turning it's population into debt slaves by forcing everyone into bondage. Bondage is supposed to be illegal under international law!

consumer spending is up but credit card defaults at all time high. you do the math!

I don't think Schiff got the rose-coloured glasses Bernanke is distributing to the rest of Americans.

He is right as always! Let's elect him so he could make a difference in politics. His books are awesome.

what an idiot

Schiff gives us the plain and simple truth,not what Americans want to hear.Americans will end up in the streets before we finally get it both politically and financially.Stop listening to and voting for liars!

There never should have been any bailouts. The next wave to the economy is going to hurt.

The "cash for clunkers" and other stimulus programs did nothing to address the core problems of the economy. A country can not grow without producing value added products. The only job growth in this country is now Health Care and Government. If a country could improve its standard of living by primarily growing in Health Care & Government, there would not be a single poor country on earth. China is growing because its manufacturing base is growing. Short term efforts by our government to spend its way out the problem without fixing the core problem will fail and take our standard of living with it.

Its all relative. Bernanke is right.. kind of. Consumers are spending more than they had been just a few month ago. Does this mean to Econ is improving? No. Schiff is right as well... kind of. The long term consequences of our current policy is Inflation. When? Good question. I look to Japan and Brazil for comparisions. Japan's econ is probably where we will end up, but add in Brazil's 1980s inflation. No growth - we have no where to expand into, and hyper inflation to devalue our debt. This won't happen overnight and may take a few years to really become evident. I think we have begun.

Sad but true.