Peter Schiff to Present a Rebuttal to Ben Bernanke’s Lecture on the Federal Reserve and the Financial Crisis
WHAT: FreedomWorks Foundation and Reason will co-host a special lecture by renowned economist Peter Schiff as he responds to Federal Reserve Chairman Ben Bernanke’s four-part College Lecture Series at George Washington University School of Business.
WHEN: Thursday, March 29, 2012 at 3:00pm ET, lasting approximately one hour. An opportunity for Q&A and a reception will follow the formal response.
WHERE: The event will be live-streamed from the FreedomWorks Facebook page, www.facebook.com/FreedomWorks. RSVP now to receive an email reminder to go there on Thursday.
WHY: While Chairman Bernanke explains to students how the Federal Reserve “saved the economy,” Peter Schiff will outline the ways in which the Federal Reserve contributed to the housing crisis and current economic recession in the first place.
The Federal Reserve bears significant responsibility for every financial crisis over the past century, including the Great Depression, stagflation in the 1970’s and most recently, the 2008 economic meltdown.
A 2011 audit of the Federal Reserve found $16 trillion in secret bailouts to corporations and banks around the world in less than three years. Documents released in the same year revealed foreign banks to be one of the largest recipients of Federal Reserve money during the 2008 economic downturn.
These secret deals, bailouts, and massive expansion of the Federal Reserve’s balance sheet were all overseen by Ben Bernanke, with almost no Congressional oversight.