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Economist Slams Federal Reserve: 'Basically Just a Big PR Firm'


Economist Slams Federal Reserve: ‘Basically Just a Big PR Firm’
Says Fed sells bad economics while trying to convince everybody that everything is great.
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Most people view the Federal Reserve as an important policying-making body driving the economy.
But in this clip from an interview with Jay Matin at Cambridge House, Peter Schiff says the Fed’s primary role is that of a marketing firm selling the populace on bad economics and trying to convince everybody that everything is great.
Peter said he thinks a large part of the Fed’s job today is public relations and spin. ....

United Kingdom , Jerome Powell , Peter Schiff , Ben Bernanke , Federal Reserve , Jay Matin , Cambridge House , Federal Reserve Chairman Ben , ஒன்றுபட்டது கிஂக்டம் , ஜெரோம் போவல் , பீட்டர் ஸ்கிஃப் , கூட்டாட்சியின் இருப்பு , கேம்பிரிட்ஜ் வீடு , கூட்டாட்சியின் இருப்பு தலைவர் பென் ,

Peter Schiff: The Federal Reserve Is Basically Just A Big PR Firm


Most people view the Federal Reserve as an important policying-making body driving the economy. But in this clip from an interview with Jay Matin at Cambridge House, Peter Schiff says the Fed’s primary role is that of a marketing firm selling the populace on bad economics and trying to convince everybody that everything is great.
Peter said he thinks a large part of the Fed’s job today is public relations and spin.
To try to create a false sense of confidence in the US economy and the US dollar.”
Peter referenced an interview he saw with former Federal Reserve Chairman Ben Bernanke. The interviewer played clips of Bernanke back in 2005 and 2006 as he claimed everything was great and there was nothing to worry about. Bernanke said there was no housing bubble and any problems in the subprime mortgage market were contained. The interviewer asked Bernanke how it felt to be so wrong. ....

United Kingdom , Jerome Powell , Peter Schiff , Ben Bernanke , Federal Reserve , Jay Matin , Cambridge House , Federal Reserve Chairman Ben , ஒன்றுபட்டது கிஂக்டம் , ஜெரோம் போவல் , பீட்டர் ஸ்கிஃப் , கூட்டாட்சியின் இருப்பு , கேம்பிரிட்ஜ் வீடு , கூட்டாட்சியின் இருப்பு தலைவர் பென் ,