Peter Schiff gave a speech at the audit the Fed rally in New York City on saturday where he states that the Fed has made unconstitutional decisions.
Schiff argues that Obama is actually raising taxes on everyone since the solution to the economy’s problem has been to print out money. With the Fed printing out money it causes inflation and the problem only gets worse from there.
Schiff says that the Fed should go back to the way it used to be in the early 1900’s or just have it completely abolished.
Watch a clip of Peter Schiff’s speech below:
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