Bernanke More Reckless Than Greenspan Says Schiff

In a recent interview on Breakout, Peter Schiff said Ben Bernanke has been more reckless than even Alan Greenspan in his role at the Federal Reserve.

Schiff said, "The whole financial crisis of 2008 has its roots in the cheap monetary policy of Alan Greenspan. We have to ask ourselves 'what is the looming crisis that awaits as a consequence of the cheap money policy of Ben Bernanke, because he's being even more reckless than Alan Greenspan?'"

The Federal Reserve is facing the most criticism it has in history, along with unwanted scrutiny, as it is increasingly being identified by the public as the major problem behind, not only the current recession, but for numerous recessions throughout the decades, based upon its loose money policies.

It has also wrongly encourage politicians to make promises that they cannot keep, as the out of control spending is no longer sustainable or affordable, and only the endless printing of money by the Federal Reserve has allowed it to continue on.

We need to end the Fed and embrace the concept of competitive currencies.