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U.S. Economy Waist Deep In The Big Muddy Economics / US Economy Jan 28, 2012 - 02:50 AM By: Peter Schiff With its announcement this week that it will keep interest rates near zero until at least late 2014, the Federal Reserve has put another large crack into the foundations underlying the US dollar. In a misguided attempt to provide clarity and transparency, Ben Bernanke has instead laid out a simple road map for economists and investors to follow. The signposts are easily understood: the Fed will stop at nothing in pursuing its goals of creating phantom GDP growth, holding...

For most of his time as a national political figure, Barack Obama has been careful to cloak his core socialist leanings behind a veil of pro-capitalist rhetoric. This makes strategic sense, as Americans still largely identify as pro-capitalist. However, based on his recent speech in Osawatomie, Kansas, the President appears to have reassessed the political landscape in advance of the 2012 elections. Based on the growth of the Occupy Wall Street movement, and the recent defeat of Republicans in special elections, he has perhaps sensed a surge of left-leaning sentiment; and, as a result, he finally dropped the pretense. According...

For most of his time as a national political figure, Barack Obama has been careful to cloak his core socialist leanings behind a veil of pro-capitalist rhetoric. This makes strategic sense, as Americans still largely identify as pro-capitalist. However, based on his recent speech in Osawatomie, Kansas, the President appears to have reassessed the political landscape in advance of the 2012 elections. Based on the growth of the Occupy Wall Street movement, and the recent defeat of Republicans in special elections, he has perhaps sensed a surge of left-leaning sentiment; and, as a result, he finally dropped the pretense. According...

Uploaded by ReasonTV on Oct 27, 2011 Last week, Reason.tv followed investment guru, radio show host, and unflappable defender of capitalism Peter Schiff as he spent three hours among the Occupy Wall Street protesters in Manhattan's Zuccotti Park. http://www.youtube.com/watch?v=UGL-Ex1CD1c&feature=player_embedded#!

Jim Rawls is with Peter Schiff today. He maintains a survivalist blog and is the author of several science fiction survival books. He is concerned about the possibility of an economic collapse and the hyperinflation that may be right around the corner. Interest in survival and family preparedness is up by about 30% in the past year. Right now, people seem to be more concerned about man-made disasters rather than natural disasters. You can see this in Egypt right now. The primary catalyst for all the riots over there is because the price of food has increased so substantially. Coffee...

Last week, I spent the afternoon visiting the Occupy Wall Street demonstrations in lower Manhattan. I brought a film crew and a sign that said "I Am The 1%, Let's Talk." The purpose was to understand what was motivating these protesters and try to educate them about what caused the financial crisis. I went down there with the feeling that much of their anger was justified, but broadly misdirected. Indeed, there were plenty of heated discussions. I did little more than ask how much of my earnings I should be allowed to keep. In return, I was called an idiot,...

President Obama yesterday announced a plan that will ensure students are able to commit to higher levels of federally backed student loans. By limiting student obligations to repay, and by passing more of the repayment burden onto taxpayers, colleges and universities will be able to continue to raise tuitions at a rate that outpaces nearly every other cost center in the American economy. The move will come as a great relief to an education establishment increasingly concerned that students might no longer be able to afford skyrocketing tuition rates.

"In my own business, securities regulations have prohibited me from hiring brokers for more than three years. I was even fined fifteen thousand dollar expressly for hiring too many brokers in 2008. In the process I incurred more than $500,000 in legal bills to mitigate a more severe regulatory outcome as a result of hiring too many workers. I have also been prohibited from opening up additional offices. I had a major expansion plan that would have resulted in my creating hundreds of additional jobs. Regulations have forced me to put those jobs on hold. In addition, the added cost...

Peter Schiff wraps his congressional testimony on the Obama jobs plan, which was one of the most memorable such Congressional hearings on the topic to date, with the following letter of caution to all Americans. To wit: "I don't think those few open minds in the Capitol are going to be enough to keep this ship from sinking. There just isn't enough time or a strong enough will for reform from the American people. That is why it is so important for you to act individually to protect yourself and your family from the new age of stagflation. Please take...

Regular readers are familiar with “Authorized Journalists,” a term I penned to characterize professional reporters, editors, producers and the like who consistently treat gun-related stories with ignorance, bias and deliberate indifference. If left to these, we would not be having Gunwalker hearings and the 90% lie would be the unchallenged common wisdom. A good example of journalistic malpractice was published the other day in The Whittier Daily News. “Schiff wants more oversight of ATF,” the headline read, and the story went on to report: Rep. Adam Schiff, D-Pasadena, wants the federal government to exert more oversight on the Bureau of...

One of the immediate financial consequences of the catastrophic Japanese earthquake is that Japan needs to call on its huge cache of foreign exchange reserves to rebuild its shattered infrastructure. To pay for domestic projects, Japan will require yen - not dollars, euros or Swiss francs. As a result of these conversions, the yen rallied considerably after the quake struck. But a surging yen runs counter to the macro-economic currency plans favored by most global economists. In order to maintain Japan's position as a net-exporter of manufactured goods and net-buyer of US debt, the yen needs to stay down. So,...

http://www.youtube.com/watch?v=ITMEZImvNio Money quote: "Writing yourself a check for $1,000,000 does not make you a millioniare"

Based on his recent public comments, Fed Chairman Bernanke seems determined to give the U.S. dollar the reputation of Egypt's Hosni Mubarak: an unwanted relic of the past that everyone agrees must go, but stubbornly clings to a privileged position. The dollar is currently the world's ruling currency, but, as with Mubarak, I believe that growing public discontent will spur regime change quicker than most pundits expect. Clearly, the most significant problem facing central bankers around the world is the recent eruption of inflation, which is sparking unrest in Asia and the Middle East. With respect to this issue, Bernanke...

Back in October of 2009, when Congress first announced the formation of a commission to investigate the cause of the 2008 financial crisis, I knew immediately that their ultimate conclusions would support the agendas of their respective political parties. (Watch the video blog I recorded that day) Particularly, I knew that the commission's Democrat majority would use the crisis to justify more government involvement in the financial markets. These concerns have now been fully validated. Given that I was one of the few people who had accurately predicted the magnitude of the housing bubble, and had laid out in my...

President Obama is expected to call for increased spending on R&D and infrastructure during Tuesday's State of the Union address, according to reports. The president is also expected to call for a decrease in corporate tax rates as part of his recent pro-business offensive that has already seen the appointments of executives William Daley and Jeffrey Immelt to senior advisory roles, and a promise to reduce onerous regulations. (See: Obama Shows His True Colors ... and They're (Still) PRO-Business) But talk is cheap and Peter Schiff, president of Euro Pacific Capital, says President Obama is "clueless" about what the economy...

The global economy has become so unbalanced that even government ministers who would normally have trouble explaining supply or demand clearly recognize that something has to give. To a very large extent the distortions are caused by China's long-standing policy of pegging its currency, the yuan, to the U.S. dollar. But as China's economy gains strength, and the American economy weakens, the cost and difficulty of maintaining the peg become ever greater, and eventually outweigh the benefits that the policy supposedly delivers to China. In the first few weeks of 2011 fresh evidence has arisen that shows just how difficult...

Subtitle :('Poll-tested politicos are what Washington insiders want'). In the early fall of 2009, just before I announced my candidacy for the U.S. Senate, I was introduced to a number of Washington-based political analysts and journalists. Among the group was Stuart Rothenberg, writer of the Rothenberg Political Report, a classic "inside the Beltway" publication targeted at those whose lives and livelihoods revolve around national politics. His acerbic comments regarding my candidacy in the months that followed reveal the enormous chasm that separates the real world from Washington. I presented myself to Mr. Rothenberg as a major-party candidate (Republican) with no...

The United States Postal Service announced this week that all future first class postage stamps sold will be the so-called "forever stamps" that have no face value but are guaranteed to cover the cost of mailing a first class letter, regardless of how high that cost may rise in the future. Currently these stamps are sold for 44 cents, but will increase in price if and when the Post Office hikes rates. Apart from sounding the death knell of the one cent stamp, the news is interesting on two fronts: it provides insight into remarkably irresponsible government accounting, and it...

There is an old adage on Wall Street: no one rings a bell to signal a market top or bottom. Yet, I have found that bells do ring; it's just that few people know exactly what sound to listen for. Perhaps the biggest and most liquid of all markets is for US government bonds. That market has been rallying for almost thirty years. The bull can be traced back to 1981, when Treasury bond yields peaked at about 15%. At that time, high inflation and a weakening dollar had justifiably squelched demand for Treasuries. Even the ultra-high interest rates were...

This week Washington displayed the kind of "bipartisanship" that will bankrupt our country and wreck our currency. Coming at a time when both parties say they want to address our long-term fiscal imbalances, the compromise extension of the Bush era tax cuts should be a wake-up call to anyone who somehow expected the American leadership to ever have an "adult conversation" about the country's long term economic health. The administration and Congress are prepared to take the bold political move of not raising some taxes while significantly lowering others and greatly expanding Federal benefits. The entire cost of the $900...

Today's payroll report severely disappointed on the downside and left economists scratching their heads to explain the weakness. The explanation, however, is plain as day. As I have been saying for years, the US economy will not create jobs as long as the Fed keeps interest rates artificially low, and Congress keeps stimulating spending and consumer debt, punishing employers with mandates, regulations, and taxes, crowding out private investment with massive government borrowing, and preventing market forces from restructuring our out-of-balance economy. As new data comes in that continues to bolster my hypothesis, the politicians in Washington continue to follow the...

- via HyscienceSarah Palin blasts Obama for defending the QE2 in her new post titled "Obama’s Clever Way to Punt the Tough Calls: Driving the Dollar Down": In his press conference on Monday, President Obama responded to critics of the Federal Reserve’s decision to start a new round of quantitative easing – a fancy term for printing money out of thin air. He claimed this move would drive up U.S. growth rates. He also warned that “the worst thing that could happen to the world economy, not just ours but the entire world’s economy is if we end up being...

http://www.youtube.com/watch?v=evNqcFiGDLQ

Of this season’s crazy, contentious, wide-open Senate races — in Ohio, Florida, California, Arizona, Nevada — none is as wild as what’s going on in Connecticut. In one corner: Democrat Richard Blumenthal, 64, state attorney general since 1991 and favored to win, up by over 40 points in the polls until this spring, when he was caught lying about having served in Vietnam. In the opposing corner: Republican Linda McMahon, 61, until last fall the CEO of World Wrestling Entertainment (WWE), billionaire and political neophyte. Since spending $22 million of her fortune, McMahon beat out GOP contenders Peter Schiff (campaign...

The Peter Schiff for Senate campaign released a new ad, titled “Kick”, which reveals the strong liberal ties of Linda McMahon, Schiff’s Republican primary opponent in the Connecticut US Senate race. http://www.youtube.com/watch?v=sMKP2UHeOa8 McMahon, a former wrestling promoter, has defended the Wall Street bailout, which a majority of Americans oppose, and made donations to Democrats including Rahm Emanuel, former Congressman and now chief of staff to President Obama.

... The following comments by Forbes were included in an email from Schiff to campaign supporters: “I have known Peter Schiff for several years. He has a deep knowledge of finance and economics. He had long warned of the troubles we now face. As your citizen-Senator he will be a fierce fighter for cutting spending, cutting taxes and repealing Obamacare.”

Who's Right--The "Stimulators" Or The "Austerians"? Peter Schiff Jun. 28, 2010, 9:03 PM Despite the apparent deficit-cutting solidarity that emerged from this weekend's G-20 meeting in Toronto, it is clear that the great powers of the industrialized world have not been this philosophically estranged since the end of the Cold War. Ironically, in this new contest, the former belligerents have switched sides - the capitalists are now the socialists, and vice versa. We now are witnessing a struggle between two camps that I playfully call the "Stimulators" and the "Austereians." Both warn that a worldwide depression will ensue if governments...

http://www.europac.net/media/PeterSchiff_05-26-2010.mp3 Finally, Peter Schiff talks about Sarah Palin Positive about her and would like her endorsement and hopes to talk to her one day and find out if she's truly legit for himself. C'mon Sarah, Endorse Peter!

http://schiffforsenate.com/?q=press-releases/schiff-earns-spot-primary-ballot

U.S. Senate candidate Peter Schiff, a Tea Party favorite known for his gloomy predictions about the U.S. economy, has qualified for the Aug. 10 Republican primary. Secretary of the State Susan Bysiewicz said today that Schiff gathered enough petition signatures he needed to challenge the endorsed Republican, former wrestling executive Linda McMahon. Rob Simmons, who qualified for a primary at the Republican State Convention, has curtailed his campaign, but he said today his name will remain on the ballot as well. "It doesn't change my thinking at all," Simmons said. "I am remaining on the ballot." Schiff, 47, the president...

Associated Press AP Political Writer June 7, 2010 HARTFORD, Conn. Connecticut elections officials are investigating whether Weston businessman Peter Schiff violated state laws by using out-of-state workers to collect signatures to petition his way onto the Republican primary ballot for U.S. Senate. In a complain obtained Monday by The Associated Press, James Bancroft, who said he was a founding member of the Hartford tea party group, claimed he was approached by a Schiff supporter outside a store in Newington last week and asked to sign a petition. Bancroft said he struck up a conversation with the worker, who said he...

But Simmons, who hinted in an interview earlier this week that he wouldn't continue the battle for the nomination if he lost at the convention, announced late Friday he would carry the fight into the Aug. 10 primary. ... But Schiff said that he would take advantage of Connecticut's open primary law and petition his way onto the Aug. 10 primary ballot nonetheless.

From Jim Hoft at Gatewaypundit. Connecticut Senatorial candidate and the man who warned America about the housing bubble and the ensuing financial collapse, Peter Schiff is at it again. This is well worth the listen because he explains why he believes the economy is in worse shape than in 2008 and headed for another collapse.

Listen to Peter Schiff Interview for New Book...

STAMFORD -- A plan formulated by the U.S. Senate campaign of Linda McMahon to pay students an extra $5 for each Republican registered during a voter registration drive at the University of Connecticut next week has drawn questions from election officials, lawmakers and at least one Republican vying for the nomination . . . "It's a practice that the Justice Department has frowned upon," Av Harris, spokesman for the Secretary of the State's office, which oversees voter registration, said . . .

U.S. Senate candidate Linda McMahon (R-Greenwich) said she supports President Barack Obama’s proposal to double America’s exports over the next five years, indicating that Congress should approve pending trade agreements and continue to expand its relationship with China, the largest country in the world . . . Mrs. McMahon said she has made tremendous progress since her entry into the race last September, when she trailed Mr. Simmons by 38 points in a poll conducted by Quinnipiac University. She noted that she led Mr. Simmons by 10 points in the poll that Quinnipiac conducted last month . . . CTMirror.com...

In a speech to Wall Street today, President Obama talked of a "failure of responsibility" in Washington and on Wall Street. But the financial sector is the most regulated part of the economy, so surely responsibility lies mostly with Washington. It was the federal government that created deposit insurance, which removed risk (and therefore caution) from bank deposits. It was also the feds that created "too big to fail," our new system of private profits and socialized losses. Most importantly, it was federal taxes and regulations that undermined our productive capacity, rendering us weak in the face of financial shocks....

HARTFORD — Richard Blumenthal’s campaign for the Senate was supposed to be a glide. Nothing and no one could stop him.

John Colbert for Congress. California’s 29th Congressional District Congress will be immensely improved by the replacement of the nihilist Adam Schiff with the conservative, moral John Colbert. Colbert is seeking the a spot on the ticket as a Republican to replace Democrat Schiff this November. To make a comparison,Go to the John Colbert web site:Colbert link Then visit an eyewitness report on the so-called Townhall Meeting, staged by Schiff: Report on Schiff JWThinkwright

For Republican candidates across the country, the movement du'jour seems to be a pledge to repeal health care reform if elected. Republicans are rushing to co-sponsor and promote efforts to repeal the bill on Capitol Hill. But not everyone is biting, exposing another fissure between the GOP's right and far-right. The latest GOPers caught in the mix are in Delaware -- with candidate Christine O'Donnell (R-DE) challenging Rep. Mike Castle (R-DE) to sign on to repeal plans. Castle, like every single Congressional Republican, opposed the legislation. But he said that repealing "is not realistic." Similar spats have sparked across the...

Hello Everybody, Sunday, March 21, 2010, will go down in the history books as the day democracy died in America. Since Barack Obama took office last winter, the administration, Harry Reid and Nancy Pelosi have edged America closer to the brink of socialism with their bailouts of the banking and automobile industries, mind-blowing spending and appointment of czars to micro-manage America. But yesterday, with the House passage of the Senate health care bill, the federal government officially crossed the line. The far left has socialized nearly one-fifth of the American economy and forced our health care under government control. Liberals...

IT HAS ONLY RECENTLY BEEN FOUND OUT BY CONNECTUCUT VOITERS THAT SENATORIAL CANDIDATE PETER SCHIFF HAS BEEN ENDORSED WITH ADAM KOKESH, THE EX-MARINE WHO TOLD ARMY TROOPS TO DESERT THEIR UNITS IN ANSBACH GERMANY. MANY PEOPLE HAVE REFUSED TO BELIEVE THERE IS A CONNECTION BETWEEN THE TWO MEN: ADAM KOKESH AND PETER SCHIFF. THE ARTICLE BELOW IS FROM PETER SCHIFF'S OWN WEBSITE. THE CONNECTION IS CLEAR

THIS IS ABOUT PETER SCHIFF, the Connecticut candidate for Senate.

On bringing down health care costs: "The free market is the best mechanism that we know to bring costs down. We've all experienced that in our daily lives, we see it in cellular telephones, flat screen TVs, laptop computers, every year they get more complicated, more intricate and every year the price comes down. Why isn't that working with healthcare? The reason is government . . ." On defense, part 1: "I understand national defense is the most important issue for the federal government..it's the main reason the founding fathers gave congress the ability to tax us in the first...

http://www.youtube.com/watch?v=TdI4qZq6ROI ***Too bad this 15 minutes of Schiff couldn't have been the official GOP Rebuttal.***

In this week's much anticipated State of the Union address, President Obama again demonstrated his poor understanding of the fundamental problems that confront our nation. By following the advice of the same people who helped guide our economy to the precipice of total collapse, Obama now threatens to push it over the edge. Notwithstanding his well crafted lip service regarding future spending restraint, the essence of his current program is for more government spending and larger deficits. For all his talk about job creation, his policies will further burden those who might otherwise create those jobs with higher taxes and...

Who would you support to replace Sen. Chris Dodd if the election were today?

Watching the world's leaders stumble their way through the economic crisis, it often feels as if political success and economic understanding are mutually exclusive. Even the Chinese, who over the past generation have engineered a dramatic turnaround from their Maoist economic nightmare, show a remarkable willingness to pursue a monetary policy (a currency peg to the U.S. dollar) that yields no benefit to their citizens. Amid this morass of economic quackery, it is refreshing to see a clear ray of sanity emanating from one country: Poland. Last summer, I was invited to speak at the Economic Forum in Krynica, a...

Peter Schiff attacks Obama's stimulus package. If you don't know who Peter Schiff is, he is a Republican (and a genius) who is running for Senate in Connecticut. He believes that America is going to enter a very severe double dip recession within the next two years (between 2010-2012), because of Obama's socialist economic policies. He believes that there will be a currency crisis due to the Fed's mismanagement of the dollar. While Ben Bernanke failed to see the housing bubble of 2007, and the ensuing recession that we are currently in, Peter Schiff predicted it with perfect clarity in...

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