Former Fed governor Fred Mishkin on Iceland

Iceland's economy collapsed in 2008, as did its currency. Fred Mishkin is a former governor in the Federal Reserve Bank. He's also an Ivy Leaguer from Columbia University. In other words, he has impressive credentials as a respected economist in academia and within the government. Watch how he squirms in the video when pressed with tough questions.

America will soon find out we have been duped by our government leaders and economists, in my opinion, of course. "Faith in the central bank" is a contradiction of terms.