September 24, 2011

All The Banks That Got Bailed Out Will Fail Without More Money Printing

There is no real political will to do the right thing. As I said, I think the Federal Reserve is going to do QE3. if it doesn't we'll have to do TARP 2...all these banks are going to fail. All the banks that got bailed out will fail without more money printing. that is going to send gold a lot higher. - in CNBC

Related: Bank Of America (BAC), JP Morgan (JPM), Morgan Stanley (MS), Citigroup (C), Wells Fargo (WFC)

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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