Bernanke Doesn’t Understand the Great Depression (Video)
If you missed Ben Bernanke’s testimony last week, you can listen to Peter Schiff tear apart the lies of the Fed Chairman in this short video from The Peter Schiff Show.
[Bernanke] doesn’t see any difference between normal monetary policy and the quantitative easing that he’s doing now, these extraordinary measures? He said, ‘I don’t think so’ in answer to the question, ‘Are your monetary policies causing credit to be misplaced?’ I don’t think so? That is the direct intent of the policy. He implemented the policy to bring interest rates down to a level below their natural rate. He is trying to influence interest rates and direct the flow of credit to housing and government and away from other sectors.”
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