Eliot Spitzer on the Fed: "This is a Ponzi scheme, an inside job. It is outrageous."

"Let me tell you a dirty secret, the Fed has done a disastrous job since Paul Volcker left. They've created multiple bubbles without permitting the economy underneath it to grow. This is a Ponzi scheme, an inside job. It is outrageous."

- Eliot Spitzer, July 2009


(still retired, but loved the quote, and love Spitzer despite the hookers)

Message from Peter Schiff - "It's time we made ourselves heard". Peter Schiff announces run for US Senate - will take on the corrupt idiot Chris Dodd

(Out of retirement for this word from Schiff)

An Important Political Message From Peter Schiff

Dear Friend,

As you may know, I am seriously considering seeking the Republican nomination for U.S. Senate in Connecticut, and I’ve launched www.SchiffForSenate.com to help me gauge support for my candidacy.

As one of the few economists with a record of successfully forecasting the recession, I can say with certainty that unless we return to true free-market principles, our economy will not rebound. Our families will continue to suffer. Unemployment and inflation will continue to rise. Our debt and deficits will continue to grow.

It is time to change course. Unfortunately, Congress and the President are continuing down the reckless path of more spending, more government intervention and more restrictions on free enterprise and individual liberty. Socialism has never worked anywhere, and it won’t work here. Washington must have the courage to stand by our founding principles in this time of crisis. Our politicians do not understand the stakes – which is why I am considering a run for the U.S. Senate.

But I am a practical man. I know that the political deck is stacked against me, and that wild card candidates almost never win. But I do have an ace up my sleeve, and that is like-minded people across the country who share my ideals. If I can’t translate that support into campaign cash, then I have no hope of defeating an entrenched political machine.

Polls suggest that the race is winnable and I am ready to make the personal and financial sacrifice necessary to run. But I can’t win this race alone. If the support is there, I will answer the call. However, if the public sentiment for my campaign is not there, and I decide not to run, I will return the unspent contributions. The decision now rests with you. So make your voice heard by contributing and signing-up at www.SchiffForSenate.com.

Free-market conservatives have an opportunity in 2010. With your help and support, I believe this will be our generation’s chance to make a difference for ourselves and our children. Join me at www.SchiffForSenate.com.

It’s time we made ourselves heard.

Best regards,

Peter Schiff