Standard of Living – Madison, Wisconsin

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Tags: BreakTheMatrix, Cody Willard, Daniel Hannan, Freedom Watch, jason sorens, Judge Napolitano, lew rockwell, peter schiff, rj harris, ron paul, shelly roche

Tags: department of homeland security, dhs, Freedom Watch, Judge Napolitano, lew rockwell, liam fox, michelle muccio, peter schiff, ron paul, shelly roche, wisconsin

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Tags: Add new tag, austrian economics, economy, finance, free market, money, morning joe, msnbc, peter schiff, predicted, prediction, production, saving, wisconsin

Freedom Watch Internet TV Channel

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Tags: alex jones, Andy Levy, central government, Cody Willard, Constitution, free society, Freedom, Freedom Watch, government, Judge Napolitano, Law, lew rockwell, ludwig von mises institute, Mark Skousen, mises.org, new world order, one world, peter schiff, rights, ron paul, the obama deception

Excellent Video

Kooky nutbags like Tammy Baldwin who advocate that Americans go into more debt in order to become wealthier are exposed in this, at times hilarious, video explaining away the phoney government ponzi scheme advocates like Wisconsin’s Congresswoman Tammy Baldwin.

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Tags: austrian scholars conference, corruption, government, greed, housing crisis, ludwig von mises institute, mises.org, peter schiff, politician, ponzi, ponzi scheme, tammy baldwin, waste, wisconsin

“What Peter Schiff?  Are you suggesting that government caused the financial crisis?  Well, whatever you think about who caused this mess, let’s get on with talking about how government will clean up the financial mess.  What Peter Schiff?  Are you suggesting that government will only make matters worse?  Where in the world did you get that idea from?” — An example dialogue between mainstream media’s windbags and Peter Schiff as Schiff dares to interject truth into conversations regarding the economy.

Individuals in Madison, WI can benefit from taking notice that major media talking heads typically use the False Dilemma fallacy to fool viewers into believing that there are only two options in a crisis, either a little government intervention or a lot of government intervention.  The major media windbags always shape the question as, “Let’s talk about what type of government policy should be used to fix the current mess in question”.  Notice in the video how Schiff points out this fallacy and talks truth to the viewers by saying, “Hey, despite what the other guests are saying, there is another option here and it’s called freedom.  Individuals need to be free to operate in their communities to clean up this mess absent incompetent government coercion”.

Madison WI individuals, you can raise your standard of living by spotting the False Dilemma fallacy when it is presented to you by others.  This should help you save both time and money by recognizing an incomplete set of options.

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Tags: economics, false dilemma fallacy, Freedom, mainstream media, mainstream tv, peter schiff

Immense gratitude goes to one of the commenters in this forum for the idea for this post title.

As the federal government continues to borrow and print paper money (because it is bankrupt) and directs it into unprofitable worthless financial companies and now incompetent automakers, the federal government is destroying thousands of good profitable jobs and companies as profitable firms will not have access to this capital redirected by government.  As Peter Schiff mentions in these videos, government is directing capital away from profitable use and funneling it into unprofitable use.  Then, because the federal government has destroyed valuable profitable firms and products, customers decide to hold their cash as they don’t want to purchase the products offered by the firms that the government has bailed out.  Giving money to incompetent automakers does not change the fact that customers still will not buy the products of these failed institutions.  This creates a recessionary effect over short and long periods of time and so government will then feel it must try to correct the recession they have created.  How do they attempt to fix it?  By borrowing and printing more scraps of Federal Reserve Notes.  They do this directly through printing presses and indirectly by lowering interest rates.  Of course, printing more scraps of paper then what was already in circulation doesn’t create wealth or fix the problem of unwanted products, but it does create inflation.   Well, maybe with all those trillions of scraps of worthless paper (the US dollar) the federal government has been printing, the worthless soon-to-bailed-out firms of GM and Chrysler will be mandated by government to produce a hybrid that runs on these worthless notes.  That would be a fitting relationship—three failed institutions, the Federal Reserve, GM and Chrysler teaming up to produce a worthless product that runs on worthless scrap paper—neither of which there will be any shortage of in the future thanks to government intervention.  Imagine what a wonderful world would we live in if companies succeeded or failed based on how well they met the needs of individuals in society.

Peter Schiff on CNN Auto Bailout Intense Debate! 12/4/08 part 1/2

Peter Schiff on CNN Auto Bailout Intense Debate! 12/4/08 part 2/2

The Federal Reserve will end this economic crisis! Right?

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Tags: automakers, bailout, chrysler, detroit automakers, Federal Reserve, gm, inflation, peter schiff, scrap paper, us dollar

In a parallel universe near planet Earth exists a reality unlike ours.  If one were to look at it from a telescope, one would see a bunch of clowns dressed in suits running around yelling something about how their “animal spirits” have revealed to them the source of all wealth.  These clowns yell with loud obnoxious force that wealth is created by endless consumer spending on anything and everything (absolutely no discretion) financed by borrowing newly printed scraps of paper created hourly (without end) by one single magical machine stored in a central bank.  Unfortunately, a lot of these kooky nuts from this parallel universe have traveled to planet Earth and taken up residence.  The horrendous part is that these crazy clown aliens have taken up spots on national TV as guests and tell audiences that Earth is also guided by this wackaloon theory of wealth.  Alas, there is one man, Peter Schiff, who continues to sniff out and repudiate these aliens.  The video above shows this taking place over the last few years.  The video is a series of guest appearances by Peter Schiff and these aliens on national TV in 2006 and early 2007.  Both Schiff and the alien-clowns give their predictions of the economy (Earth’s economy) for late 2007 and throughout 2008.  Schiff shines with brilliance as he uses tools previously discovered by humans that are essential for interpreting Earth’s economy—reason and understanding.  The clown-like alien creatures speak in unintelligent blather muttering something that resembles an ancient barbaric anti-intellectual pseudo-logic to us but apparently is still in use in their parallel universe—Keynesianism (also known as the religion of Inflationism).  Below I summarize the sane predictions of Peter Schiff (all of which turned out to be true) and then I reveal the names of the clown-like aliens and summarize their mutant predictions (all of which turned out to be false).

Remember these predictions come from 2006-2007.

Peter Schiff – (Human from planet Earth)
Schiff’s summary of problems in U.S. economy in 2007:
1.    There is currently too much consumption
2.    There is currently too much borrowing
3.    There is currently not enough production and savings
Schiff’s predictions for 2008:
1.    Consumers will stop consuming
2.    Consumers will start rebuilding their savings – especially since home equity will evaporate
3.    Current imbalances cannot be addressed without a recession
4.    Financial stocks are toxic
5.    Financial stocks are going to get hit hard and suffer big losses
Schiff’s tips and insights for humans for 2008:
1.    Embrace the coming recession and don’t resist it
2.    The disease is debt-financed consumption
3.    The cure is that we stop consuming and start saving and producing

Art Laffer – (I wonder if he meant to spell his last name Laughter?  This alien is really stupid but he gives me much to laugh at!)
Laffer’s comment:
1.    Doesn’t believe any of what Schiff says above (Laffer says with laughter, but probably not laughing now!)
Laffer’s interpretation of Earth as he sees it with his alien eyes:
1.    Wealth has risen dramatically
2.    There will be NO tax increases over the next couple of years (Read his alien lips!)
3.    Monetary policy is spectacular!!!  (Hahaha, this is ridiculously stupid and funny!!!!)
4.    We have freer trade than ever before
5.    Peter is totally off-base (Actually Peter was correct now that 2008 has played out!)
6.    There will NOT be a crash (Hahaha, this is also stupid and fills me full of laughter!!!)

Other miscellaneous clown-like aliens that showed their disgusting mugs in 2006-2007 to make ridiculously stupid predictions.

Michael Norman – (I thought Art Laffer was a moron until I heard this clown start jabbering his weak jaws.  Does anyone still listen to Mike Norman after this pathetic showing of ignorance in 2007?)
Norman’s comments:
1.    (Actually, Michael Norman just laughs at Schiff without much comment).

Ben Stein – (An alien that once studied the religion of Keynesianism and continues to use its barbaric theories to make likewise barbaric predictions which all turn out false)
Stein’s blathering predictions:
1.    Stocks will be a heckuva lot higher in 2008 than 2006-2007
2.    Merrill Lynch is a great buy in 2007!!!  (Hahaha, maybe he meant it was a great buy for another company!!! Hahahaha!!!)

Stuart Varney – (Nothing like a clown-like alien with a British accent!)
Varney’s blarney:
1.    The worst is over  (He was talking about 2007 and implying 2008 would be great!)
2.    Financial stocks are a great buy!!!  (Hahaha!)
3.    Central banks are going to save everyone  (He apparently had visions of Bernanke dropping money from the Federal Reserve helicopter and putting out the infamous flames of underconsumption)

Tags: art laffer, ben stein, economic contrarian, economic predictions, Federal Reserve, inflationism, keynesianism, michael norman, mike norman, peter schiff, stuart varney