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April 5, 2010

The Federal Reserve Inflated The Housing Bubble

“I said, in no uncertain terms, that the Federal Reserve, by keeping interest rates too low, was inflating a housing bubble and that, when it burst it, would bankrupt our lending institutions and plunge the economy into the worse recession since the Great Depression.”

in www.bullsource.com

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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