It’s Good to Be a Banker (Video)

Yesterday, Peter Schiff appeared on Russia Today to talk about the false recovery and how the bankers and government bureaucrats are living high at the expense of Main Street.

“It’s not like what’s good for the Wall Street banks is good for America. That’s not the case. Actually, what’s good for those banks in the short run is actually quite bad for America, because we’re diverting resources that are badly needed in other parts of the economy and we’re sending them to Wall Street. What we need is more factories in this country, not more banks. We need to produce more, we need to export more, we need to save more.”