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The Dunces of Washington and Wall Street: It’s Your Dime Interview with Peter Schmidt

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SchiffGold’s It’s Your Dime features “straight talk” interviews with movers and shakers in the world of precious metals, investing and economics.

In this episode, I talk with Peter Schmidt about the dunces of Washington and Wall Street.

What caused the Financial Crisis of 2008? There was a multitude of economic dynamics in play, but Peter Schmidt said it really came down to one root cause – the hubris of central bankers and policy makers who thought they could micromanage the economy.

Peter runs The92ers.com, a website that peeks behind closed doors at the Federal Reserve, on Wall Street, and in Washington D.C. to identify the 50 people most responsible for causing the worst financial crisis since the Great Depression.

In this interview, Peter and I talk about:

  • The 50 dunces who played a role in the 2008 financial crisis.
  • How the mainstream narrative of the 2008 crash is all wrong,
  • Why understanding what happened in 2008 matters
  • How the Fed has likely set us up for another crisis
  • Where gold investing fits into the equation.

WATCH

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About The Author

Michael Maharrey is the managing editor of the SchiffGold blog, and the host of the Friday Gold Wrap Podcast and It's Your Dime interview series.
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