Peter Schiff has it right on this…it all comes down to one simple thing. The Fed is not here to help the economy, the fed just needs to make sure that we do not default to creditors…Because we are not going to pay the chinese back with real money…
The whole speech is amazing.
“You guys are predators, predatory lenders…we need a modification program. We need a cram down on this, you never should have lent us all this money! You knew we couldn’t pay it back!”
