"prices are not HIGH enough"

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"prices are not HIGH enough" - 9/21/2010 4:40:38 PM

pahunkboy

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http://www.youtube.com/watch?v=rZj640CCJd0&feature=sub

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RE: "prices are not HIGH enough" - 9/21/2010 4:55:28 PM

pogo4pres

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Sorry pa, the guy in the video lost me the minute he mispronounced Bernake's name as "Ber-Knackee". The name is "Bern a Key". Any doofus too stupid to know how to properly pronounce a name, has zero credibility in my eyes.

Sarcastically,
Some Knucklehead in NJ

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RE: "prices are not HIGH enough" - 9/21/2010 11:37:10 PM

Fellow

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I think P. Schiff here is playing on popular support by misleading the public on Federal Reserve intentions. He uses popular understanding of inflation: consumer goods prices going up compared to income growth. Federal Reserve looks at inflation as an increase in money supply that includes credit. For the Federal Reserve we are in deflation as there is a credit contraction.

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RE: "prices are not HIGH enough" - 9/21/2010 11:42:05 PM

wittynamehere

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Schiff is bang-on here as usual. Thanks pahunk for the link.

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RE: "prices are not HIGH enough" - 9/22/2010 12:03:14 AM

Real0ne

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peter schiff huh?

give that man a gold star make that 2 of them

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RE: "prices are not HIGH enough" - 9/22/2010 6:37:45 AM

pahunkboy

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LOL. too bad commodities are up 62%

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