The Greatest Ponzi Scheme of All Time (Video)
Max Keiser spoke with Peter Schiff yesterday about what sort of monetary and fiscal policies the US must embrace in order to really grow the economy. Peter and Max agree that QE isn’t going to stop until a genuine currency crisis erupts and the price of gold goes through the roof.
We need monetary reform… Meaning money has to be real, it has to be legitimate, and savings have to come into existence based on under consumption… Anything would be an improvement to the pure fiat system we have now. So if we can’t go back to a pure, 19th Century style gold standard, just going back to something that imposes monetary discipline [would help], so you just can’t create money out of thin air…”
[youtube http://www.youtube.com/watch?v=MNXmL771mBA?rel=0&w=640&h=360]
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