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

EXCERPT:

SCHIFF: "They have nothing. The Fed is going to print it. The Fed’s balance sheet is going to explode. And the value of the dollar is going to implode, and the cost of living in the United States is going to double, it's going to triple, it's going to quadruple, and it’s going to impoverish the vast majority of Americans. And they need to know reason they’re going to be so poor is because of the government. It’s not because of the free market, because we don’t have one. It’s because of this big government. And Powell copped out when somebody asked him, you know, 'Would you need some help from fiscal policy?' And he said, 'Well, we don't want to give any fiscal policy advice.' That's B.S. He should be giving advice when he knows the government is creating inflation by running these huge deficits. It's up to Powell to tell the government to stop doing that, to cut government spending."