Peter Schiff: The Fed Is Going to Print Bailout Money, and It’s Going to Impoverish the Vast Majority of Americans

CLAMAN I don t ░░░░░░░░ why Janet Yellen the ░░░░░░░░ Secretary is saying no ░░░░░░░░ dollars will be used ░░░░░░░░ insure everybody BRENNER Liz ░░░░░░░░ is just Schiff Liz ░░░░░░░░ s BRENNER Oh go ░░░░░░░░ Schiff That s just ░░░░░░░░ Yeah that s just ░░░░░░░░ But it s not ░░░░░░░░ going to be taxpayer ░░░░░░░░ it s going to ░░░░░░░░ inflation See every American ░░░░░░░░ they pay taxes or ░░░░░░░░ is going to bear ░░░░░░░░ cost of these bank ░░░░░░░░ in this new financial ░░░░░░░░ that s brewing since ░░░░░░░░ with higher inflation CLAMAN ░░░░░░░░ don t have enough ░░░░░░░░ Look on the screen ░░░░░░░░ The FDIC has 128 ░░░░░░░░ in its coffers right ░░░░░░░░ This would cost 17 ░░░░░░░░ Schiff They have nothing ░░░░░░░░ Fed is going to ░░░░░░░░ it the Fed s ░░░░░░░░ sheet is going to ░░░░░░░░ And the value of ░░░░░░░░ dollar is going to ░░░░░░░░ and the cost of ░░░░░░░░ in the United States ░░░░░░░░ going to double it ░░░░░░░░ going to triple it ░░░░░░░░ going to quadruple and ░░░░░░░░ s going to impoverish ░░░░░░░░ vast majority of Americans ░░░░░░░░ they need to know ░░░░░░░░ they re going to ░░░░░░░░ so poor is because ░░░░░░░░ the government It s ░░░░░░░░ because of the free ░░░░░░░░ because we don t ░░░░░░░░ one It s because ░░░░░░░░ this big government And ░░░░░░░░ copped out when somebody ░░░░░░░░ him you know Would ░░░░░░░░ need some help from ░░░░░░░░ policy And he said ░░░░░░░░ we don t want ░░░░░░░░ give any fiscal policy ░░░░░░░░ That s B S ░░░░░░░░ should be giving advice ░░░░░░░░ he knows the government ░░░░░░░░ creating inflation by running ░░░░░░░░ huge deficits It s ░░░░░░░░ to Powell to tell ░░░░░░░░ government to stop doing ░░░░░░░░ to cut government spending ░░░░░░░░ Oh that s not ░░░░░░░░ to happen Schiff But ░░░░░░░░ refuses to stand up ░░░░░░░░ the American public He ░░░░░░░░ t really want to ░░░░░░░░ his job He s ░░░░░░░░ to the Biden Administration.”