JCT: http://www.youtube.com/watch?v=rAXDc0Sd9yA is a video of a
constant monetary reformer Peter Schiff, and expert on what not
to do but with no clue about what to do.

Notice he says interest rates were too low and everybody got
drunk borrowing newly-created money. His solution is to allow
failure, admits it's no doubt a big problem but not allowing
failure causes bigger problems.

The clear point is that he offers no alternative to allowing
failure like the last Great Depression that killed 7 million
starved Americans. Right, we all agree things are bad. Who needs
the analysis on what keeps going wrong when he can't tell us how
to do it right.

First of all, he's a believer in Shift A inflation, too much
money chasing the goods, which is fought by interest rates, and
doesn't know about Shift B inflation, same money chasing less
goods after foreclosure, caused by interest rates.

So he'll never understand that restricting the banks computers to
a pure service charge and lending people interest-free money is
the solution.

Local Community currencies are starting up all around the planet.
Best of all, when the local currency is pegged to the Time
Standard of Money (how many dollars/hour child labor) Hours
earned locally can be intertraded with other timebanks globally!
In 1999, I paid for 39/40 nights in Europe with an IOU for a
night back in Canada worth 5 Hours.
U.N. Millennium Declaration UNILETS Resolution C6 to governments
is for a time-based currency to restructure the global financial
architecture.
See my banking systems engineering analysis at
http://youtube.com/kingofthepaupers

http://www.youtube.com/watch?v=rAXDc0Sd9yA is End The Fed Rally
NYC 2/2 Peter Schiff Speaks to Angry Crowd!

A completely uninspiring no-vision speech telling us the FED is
bad, the FED worked better when the money was backed by some
yellow rock (JCT: not) and he's worried it could get worse.

So, though he's no protest-instructor since he has no alternative
to offer, he's also not a protest-obstructor, I didn't see him
breaking any windows or tearing down any fences. So he's just a
protestor against the FED and protest in favor of anything as a
solution.

All because they don't know about Shift B inflation. It's so easy
when you know the Miracle Equation.