Bernanke Hints at Lack of “Exit” Strategy (Video)

In his latest video blog post, Peter Schiff comments on the sequester cuts that went into effect on Friday, and then expounds on Ben Bernanke’s unrealistic exit strategy from the Fed’s quantitative easing.

“The Federal Reserve thinks that somehow, if they can just get this economy going with all this artificial stimulus, that they can remove these training wheels, and the economy is just going to coast along on its own. Well, it’s impossible. The stimulus – it’s not the training wheels, it’s the only wheels. You take those wheels away and the economy collapses. Ben Bernanke thinks he’s building an economy that can sustain itself without the Fed. It’s the opposite: Ben Bernanke is creating an economy that is completely dependent on the Fed.”