Peter Schiff: The Mainstream Pundits Are the Real Stopped Clocks | WHAT REALLY HAPPENED

Peter Schiff: The Mainstream Pundits Are the Real Stopped Clocks

Mainstream pundits sometimes accuse Peter Schiff of being a “stopped clock.” They admit he’s right occasionally, but only by virtue of sticking to the same narrative, talking about the malinvestments and misallocations in the economy and warning about an impending crisis. In this clip from his podcast, Peter said it’s the mainstream regulars on financial networks like CNBC who are the real stopped clocks.

Peter said you can never count on mainstream “financial experts” to warn you about an impending crisis.

It is never going to happen. That is impossible. They do not understand the problems that underlie the economy. They don’t understand the damage that is being done by Fed policy. In fact, these guys believe everything the Fed says.”

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