Peter Schiff(born 1964) is an American economic commentator, author and licensed stock broker who currently serves as president of Euro Pacific Capital Inc., a fully accredited brokerage firm based in Darien, Connecticut.
Schiff is best known for his bearish views on the United States economy and for predicting the economic crisis of 2008. He has risen to media prominence following the publication of his book Crash Proof: How to Profit From the Coming Economic Collapse.
Learn more from other top economists and also from Gerald Celente of the Trends Research Institute, who has predicted every crisis over the last few decades in the videos in my VodPod to the right.
Now, read the following quote and then think about everything that has happened since our government allowed the Fed Reserve, a private bank, to take control our country’s money. Then also remember the guy (Tax Cheat Timmy) who is in control of the Treasury right now, was the one in control of the Fed Reserve from 2003 until his cooshy appointment to the Obama Administration…Another little known fact is Geithner‘s 1st job was working for Obama’s mother, Ann Dunham-Soetoro at the Ford Foundation (shady dealings there), where he learned the ins of micro-financing. I encourage all to learn about micro financing and how it has been the demise of many by lending to those who they know who can not afford the loans and ultimately fail to fullfill their responsibility. The WIKi article will also lead you to believe that Geithner and Dunham-Soetoro only met once, this is not true. Research has proven he worked very closely with her.
““If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
Thomas Jefferson, Letter 1802 to Secretary of the Treasury, Albert Gallatin
Update 5:48pm Eastern. Snowe and Collins cast their yes votes.
Update 5:51pm Eastern. Specter…Aye.
Update 6:04pm Eastern. Senate will wait for Ohio Sen. Sherrod Brown to return from his mother’s wake.
White House supplied him plane to whisk him back to cast the 60th vote.
Vote will be open until 10:30pm Eastern
UPDATE: At 10:50pm EST, the final liberal vote was cast by Sen. Brown of Ohio. The ultimate payoff for the vote: a 1st class ride in the private jet of the White House. I have only one question:
Sen. Brown, where shall the tax payers send the bill for that plane ticket? To your personal residence or to your Senate office?
So let it be written in history books that the “American Government Gone Mad Act of 2009” passed, this 13th day of February, Two Thousand and Nine, with a final vote of 60 – 38
“The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it”
“The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help”
I had sent a letter to Congresswoman Herseth-Sandlin urging her to make sure the E-Verify citizen check system requirement got added back into the non-stimulus bill.
As I had said in previous posts, the E-Verify was in the original House bill H.R. 1, but was not included in the Senate bill as Sen. “Dirty” Harry Reid would not allow a vote on the amendment to make sure there was a system in place to make sure all jobs & outgoing funds under the non-stimulus package would go to American Citizens and not illegal aliens.
Here is her typical political response that leaves me even more frustrated and angry than I was when I originally wrote to her. I have x’d out my e-mail address, I already get enough hate mail the way it is.
Thank you for contacting me to share your concerns about immigration policy.
As you know, the issue of immigration is one that is extremely controversial in Washington. The United States of America is a nation of immigrants, but we are also a nation of laws. The people of South Dakota hold a wide range of views on immigration, but one thing that we all seem to agree on is that the current system is broken. I value your input as these issues continue to be considered.
In October, 2007, The U.S. Senate voted on whether to fully consider a version of the DREAM Act. This legislation, subject to a set of requirements, would authorize an adjustment of legal status for some children of illegal immigrants who came to the U.S. before they were sixteen years old. Forty-four senators voted against proceeding to the bill and fifty-two senators voted in favor of proceeding. Under Senate rules, this means the legislation was eight votes short of the number needed to proceed further. Earlier in 2007, a number of senators negotiated an agreement on immigration reform, but the Senate was unable to pass a final bill. The U.S. House of Representatives is not scheduled to consider any bill similar to the DREAM Act or the Senate immigration reform legislation.
I am pleased to let you know that during the House of Representatives’ consideration of the Fiscal Year 2008 State and Foreign Operations Appropriations Bill last year, the House adopted with bipartisan support an amendment I introduced to eliminate funding for the visa lottery program under the Immigration and Nationality Act. The purpose of my amendment is to make the administration of our immigration laws more consistent and fair.
I led the effort on this amendment because I believe strongly that national security is too important to allow institutional randomness in our immigration policy. The visa lottery injects a level of unnecessary and irresponsible uncertainty into the immigration process. My amendment is a practical provision that will make our nation safer. In the previous Congress, when the House considered an immigration reform bill, the House adopted a similar amendment I introduced to eliminate the visa lottery program from the Immigration and Nationality Act, and I am pleased to have led this successful effort once again in the 110th Congress.
As you may know, the House and the Senate passed separate immigration reform bills during the previous Congress. On December 16, 2005, the House approved the Border Protection, Antiterrorism, and Illegal Immigration Control Act (H.R. 4437) by a vote of 239 to 182. I supported this legislation because it is designed to prevent illegal immigration by tightening our borders and reestablishing respect for our immigration laws.
The Senate passed the Comprehensive Immigration Reform Act (S. 2611) by a vote of 62 to 36 on May 25, 2006. The last Congress did not reconcile the differences between the House and Senate immigration reform bills in a conference committee.
In September 2006, however, the Congress enacted legislation that I supported that adds criminal penalties for the construction of illegal tunnels under the U.S. border and increases penalties for using such tunnels for human smuggling. I also supported legislation the Congress passed to construct a 700-mile fence along the U.S.-Mexico border and enhance technological surveillance of the border.
Because of the importance of keeping our nation safe, I am optimistic that broader immigration reform is possible. I will keep your comments in mind as immigration legislation is considered in both houses of Congress.
Thanks again for contacting me. If I can be of further assistance, please do not hesitate to let me know.
Sincerely,
Stephanie Herseth Sandlin
Member of Congress
Time for some Sewing Therapy…I’ll post vote updates later
One of the stipulations the Liberals have laid out in the stimulus legislation that is going for a vote. Word still is, that the House will vote today and the Senate will vote tomorrow.
SEC. 1607. (a) CERTIFICATION BY GOVERNOR — Not later than 45 days after the date of enactment of this Act, for funds provided to any State or agency thereof, the Governor of the State shall certify that: 1) the State request and use funds provided by this Act , and; 2) funds be used to create jobs and promote economic growth.
(b) ACCEPTANCE BY STATE LEGISLATURE — If funds provided to any State in any division of this Act are not accepted for use by the Governor, then acceptance by the State legislature, by means of the adoption of a concurrent resolution, shall be sufficient to provide funding to such State.
This is just “OH SO WRONG” on many levels. Many states such as Oklahoma have been fiscally responsible and made sure their states “Rainy Day” funds were adequate to offset any recession. The state of Wisconsin has 15 old schools that are not being used, and due to diminishing enrollments, they have said there is no need for them to be rebuilt or even remodeled, but the Federal Govt is saying to them, wait a minute, that is not “OUR PLAN” and thus $9 billion was put back into the bill this week to force states like Wisconsin to mandate construction that is not needed.
While the liberals and the White House claim ALL ear-marks have been removed, there is the $1 billion added back in for Pelosi’s STD program aka “Prevention and Wellness” programs. Also added back in is the $2 billion for ACORN, who is still under federal investigation, and who’s actions as a thug promoter of sub-prime home loans that started the whole mess of the housing crisis.
Also, forget that immediate relief of tax cuts for small businesses and the everyday working “Joe”. Every tax cut/incentive that had previously included “2008” has been removed. Well, unless you are “BIG” business such as GM that gave millions to liberals in campaign donations.
So, Congresswonam Herseth-Sandlin, where is the fiscal responsibility you boast of here? I and millions of others are confused, so please explain the above mentioned as well as the dozens of other ear-marks in this bill that will lead to balanced budgets by 2012. Even your own Congressional finance experts do not agree with you…
Now while the liberals claimed to have worked with the conservatives, as soon as the door was closed and the conservatives were out of the room they went back to work to strip nearly every responsible change made to this non-stimulus bill.
The fact of the matter is, is that we are going to somehow have to swallow this bitter pill. It is clear that liberal heads are swollen with “GREED” touting “We won, Conservatives have no say”.
We are going to have a very long road ahead, so keep those calls to DC going!!!
1 Peter 5: 1-3 ~To the elders among you, I appeal as a fellow elder, a witness of Christ’s sufferings and one who also will share in the glory to be revealed: Be shepherds of God’s flock that is under your care, serving as overseers—not because you must, but because you are willing, as God wants you to be; not greedy for money, but eager to serve; not lording it over those entrusted to you, but being examples to the flock.
2 Peter 2: 2-3 ~ Many will follow their shameful ways and will bring the way of truth into disrepute. In their greed these teachers will exploit you with stories they have made up. Their condemnation has long been hanging over them, and their destruction has not been sleeping.
This is outrageous, I have added extra comment where comment is due . . .
Update 12:45pm Eastern. Some new bullet points from Hill GOP staff outline what’s been added and removed:
· $9 billion for school construction was added back in (originally cut by Nelson-Collins)
($9 billion to force school construction that the schools do not want nor need)
· $5 billion increase for the state fiscal stabilization fund (originally cut by Nelson-Collins), making it a grand total of $53.6 billion
( State “PET” profect funding that had been removed like Pelosi’s pet project to save swamp mice in San Francisco)
· $2 billion for neighborhood stabilization program, money for groups like ACORN
( oh yes, can’t cut those home modifications loans so those who never should have gotten home loans can be saved from forclosure for another 6 months)
· $1 billion added back for Prevention & Wellness Programs, including STD education
( I’m sorry, but if you are not responsible enough to abstain or practice safe sex, that should NOT be my tax problem)
· Federal Coordinating Council for Comparative Effectiveness Research was added back in, leading Americans down the path towards healthcare rationing (63 patient advocacy groups signed a letter voicing their concerns with this provision)
( the day the government tries to tell me or my doctor what kind of treatment I get, is the day I go to jail or die trying to fight it)
(BUT, NOT INFRASTRUCTURE)
· Money for highways and bridges was cut by $1 billion from the House-passed level
( so much for shovel ready projects, well we knew this wasn’t really a shovel ready profect in the way it was sold)
KEY POINTS:
· Tax relief to help middle class families and small businesses was sharply pared back in order to increase government spending. Public opinion over the last 4 weeks has shown that Americans overwhelming believe tax cuts, and not government spending, are a better way to stimulate the economy.
( I want to know when we actually voted on this and what proof they have for their conclusion, talk about living and governing from La-la Land)
· Approximately $75 billion in true tax relief was CUT from the Nelson-Collins package. So, while the overall size of the package may have gotten slightly smaller, the spending actually increased.
( And there you have it, the true test that complete Government Control is only a few short legislative votes away!!! BUH BYE FREEDOM, It was great while it lasted!!!)
For the night owls who need some stimulus to put you back to sleep, I have the newest releases of the stimulus in the BOX.NET to the lower left. If you prefer to surf & read, please go to the following links for the Senate & the House of Reps . . .these are pdf files
If people let government decide what foods they eat and what medicines they take, their bodies will soon be in as sorry a state as are the souls of those who live under tyranny.
Thomas Jefferson (1743 – 1826)
I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.
Thomas Jefferson (1743 – 1826)
Government big enough to supply everything you need is big enough to take everything you have … The course of history shows that as a government grows, liberty decreases.
Thomas Jefferson (1743 – 1826)
The worst thing you can do for those you love is the things they could and should do themselves.
While the behind closed door deal was touted by Conservative traitors, public out cry for the non-stimulus and wails from Nancy Pelosi, that the money put back in wasn’t directed to more welfare, they are back to the drawing board.
The good news: there are cameras and we should have video of how this “behind closed door” process works.
Mark Levin discusses the seizing of the US Constitution and interviews Conservative Sen. Jeff Sessions from Alabama on the stimulus bill –1st 15 min of show. Then at 55:56, Mark goes into detail about the universal health care and hits many kep points in Daschle’s book
An interesting resolution came from the House yesterday as they officially sent their representatives into conference with the Senate to resolve the differences in the two passed bill versions:
Mr. LEWIS of California moves to instruct the managers on the part of the House that they shall not record their approval of the final conference agreement (as such term is used in clause 12(a)(4) of rule XXII of the Rules of the House of Representatives) unless the text of such agreement has been available to the managers in an electronic, searchable, and downloadable form for at least 48 hours prior to the time described in such clause.
This instruction passed unanimously in a recorded vote. So in theory, talk of votes on Thursday or Friday this week are nonsense, unless the House decides to completely ignore this vote. There is some wiggle room to be had as the instructions specify that the text must be available to managers in the House, not the general public, but that still can’t be strictly true at least until final bill text is ready.
It would seem legitimate to expect the House to abide by this vote — and if it doesn’t, to ask why not….
Realistically, you can not blame this on just one party, this kind of mess is typical blundering breauracratic brilliance, and the reason under the Constitution, Article XIII, there is a clause that specifically stipulates there shall be “NO” lawyers elected or appointed to Congress. Too, bad that one is all but shavings.
So under this so-called stimulus, they are going to remodify the housing loan guidelines again in order that those, who shouldn’t have gotten home loans to begin with, can keep their homes for a few more months so we can start the process all over again?
I don’t re-call that housing loan modofication legislation was granted as a responsibility of Congress under the Constitution, do you?
Did you know that during the roaring 20’s, the National debt had been reduced by over 1/4?
“How did the debt get paid down so far then?” you ask. A bit of history not widely told is the depression/recession of 1920.
The Congress, although tempted to step in, stepped back and let the free market correct itself. The next year was a tough one, but the boom created by the free market and booming main street businesses, generated enough revenue to keep the national budget in check, while paying down the national debt. Now, some say it was the fault of the boom that created the “Great Depression” and the crash of the markets in 1929, however, that is not entirely true.
Although ramped spending sprees and less personal saving started the downward spiral, it could have been corrected as it was in 1920. However, Congress decided it knew better and started tinkering, trying several different things as it is doing today, and that children is what actually caused the depression.
It wasn’t until WWII and the need for supplies, that the free market was again unleashed, that is until the mid 1960’s. We’ll visit that bit of history at a later date.
I encourage you to talk to your parents, grandparents and church elders about these times in our nation’s history to learn how they felt during those times and what they did to make it through the depressions.
~ “And not with you alone I am making this covenant and this oath, but with him who stands here with us today before YHWH our Elohim, as well as with him who is not here with us today." ~ “Set your heart on all the words with which I warn you today, so that you command your children to guard to do all the Words of this Torah. For it is not a worthless Word for you, because it is your life," ~ "for Mosheh commanded us a Torah, an inheritance of the assembly of Jacob (Israel)"
~ "Listen to Me, O coastlands, and hear, you peoples from afar! YHWH has called Me from the womb, from My mother’s belly He has caused My Name to be remembered. 2 And He made My mouth like a sharp sword, in the shadow of His hand He hid Me, and made Me a polished shaft. In His quiver He hid Me.” And He said to Me, ‘You are My servant, O (Yeshua) Israel, in whom I am adorned.’ And I said, ‘I have labored in vain, I have spent my strength for emptiness, and in vain. But my right-ruling is with YHWH, and my work with my Elohim.’ ” And now said YHWH – who formed Me from the womb to be His Servant, to bring Jacob back to Him, though Israel is not gathered to Him, yet I am esteemed in the eyes of YHWH, and My Elohim has been My strength – and He says, “Shall it be a small matter for You to be My Servant to raise up the tribes of Jacob, and to bring back the preserved ones of Israel? - And I shall give You as a light to the gentiles, to be My deliverance to the ends of the earth!”
Constitutionally Speaking 
