I have considered writing about this for quite some time but have abstained. Now though with the last email I received from Dr. Paul's campaign I can't hold back.
As I wrote back in December 2009 the other "libertarian" who would like to shake up Washington, Peter Schiff, has as far as I'm concerned, shown his true neo con zionist roots and no longer receives my support in any form or fashion.
The following is a letter I received from Dr. Rand Paul's campaign.
“Well, hello everyone. This is Dr. James Dobson, speaking as a private individual.”
“Have you ever made an embarrassing mistake? I did just that last week. I was given misleading information about the candidacy of Dr. Rand Paul, who is running in the Republican Primary for the U.S. Senate. Senior members of the GOP told me Dr. Paul is pro-choice and that he opposes many conservative perspectives, so I endorsed his opponent.”
“But now I’ve received further information from OB/GYN’s in Kentucky whom I trust, and from interviewing the candidate himself.”
“I now know that he is avidly pro life. He believes that life begins at conception.”
“He opposes earmarking and supports Israel. He identifies with the Tea Party movement and believes in home schooling. Sounds like my kind of man.”
“If I lived in Kentucky, I would vote for Dr. Rand Paul. Would you consider sending him to the U.S. Senate to shake things up in Washington?”
Anyone who has any knowledge of the atrocities committed by the state of israel will have serious problems with Dobson's claim that Dr. Paul "supports israel" I recommend a fantastic documentary on the subject which can be found here it's called Peace Propaganda and the Promised Land.
The film is certainly not the sole source of information regarding the terror state but it is a good starting place.
Needless to say any politician who "supports israel" I am against 100%. We send israel around 30 billion dollars per year, not to mention fight wars for them according to Congressman Jim Traficant. I do not believe the governments version of 9/11 but even if you do there is no question whatsoever that we are loathed in the middle east for the SOLE REASON that we support israel in it's horrific genocide of the Palestinian people.
In good conscience I can no longer support Dr. Rand Paul's campaign financially or through this blog.
As a side note I find it interesting that Dobson claims Paul opposes earmarking which his father correctly points out are the only way to allocate funds to your district. In short congress votes on a mammoth budget, but if you do not earmark where the money goes undoubtedly it only goes to the well connected in secret. So by earmarking you can see any money trail. It is also of importance that Dr. Paul ends up voting against the budget anyway.
Showing posts with label Peter Schiff. Show all posts
Showing posts with label Peter Schiff. Show all posts
Monday, May 3, 2010
Saturday, December 19, 2009
Is Peter Schiff A Neo Con?
As readers of the blog know I frequently feature videos and articles from Peter Schiff. I have contributed to his campaign, have bought probably 10 of his books, I am signed up to volunteer with his campaign and am a EuroPac client. The following video however really disturbs me.
Readers of this blog will also know that I am very aware of the damaging influence jews have had on our nation and the world. I have defended Peter and his Dad knowing full well that they were jews but up until this time Peter had a pretty stellar track record.
In this video Peter advocates going into Iran and bombing them if they don't let the US inspect wherever they please. Now last time I checked the US doesn't have a right to do anything inside another country let alone bomb them if they don't comply with our wishes.
This is the jewish neo conservative take on foreign policy. Not the Constitutional stance. The Founding Fathers would be ashamed to hear would be politicians espouse this type of foreign policy.
I have considered writing Peter and asking him about his stance on sending foreign aid to Israel, but I think I have my answer.
Readers of this blog will also know that I am very aware of the damaging influence jews have had on our nation and the world. I have defended Peter and his Dad knowing full well that they were jews but up until this time Peter had a pretty stellar track record.
In this video Peter advocates going into Iran and bombing them if they don't let the US inspect wherever they please. Now last time I checked the US doesn't have a right to do anything inside another country let alone bomb them if they don't comply with our wishes.
This is the jewish neo conservative take on foreign policy. Not the Constitutional stance. The Founding Fathers would be ashamed to hear would be politicians espouse this type of foreign policy.
I have considered writing Peter and asking him about his stance on sending foreign aid to Israel, but I think I have my answer.
Friday, December 11, 2009
Thursday, December 10, 2009
Tuesday, December 8, 2009
Saturday, December 5, 2009
Tuesday, November 24, 2009
Monday, November 23, 2009
Sunday, November 22, 2009
The Truth Behind China's Currency Peg
by Peter Schiff
During President Obama's high profile visit to China this week, the most frequently discussed, yet least understood, topic was how currency valuations are affecting the economic relationship between the United States and China. The focal problem is the Chinese government's policy of fixing the value of the renminbi against the U.S. dollar. While many correctly perceive that this 'peg' has contributed greatly to the current global imbalances, few fully comprehend the ramifications should that peg be discarded.
The common understanding is both incomplete and naive. Most analysts simply see the peg as China's principal weapon in an economic struggle for global ascendancy. The peg, they argue, offers China a competitive advantage by making its products cheaper in U.S. markets, thus allowing Chinese firms to gobble up market share and steal jobs from U.S. manufacturers. The thought is that were China to allow its currency to rise, American manufactures would regain their lost edge, and both manufacturing firms and the jobs formerly associated with them would return. In this narrative, the struggle centers on the United States' diminishing leverage in persuading the Chinese to lay down their unfair weaponry. It's a sympathetic picture, but it tells the wrong story.
While the peg certainly is responsible for much of the world's problems, its abandonment would cause severe hardship in the United States. In fact, for the U.S., de-pegging would cause the economic equivalent of cardiac arrest. Our economy is currently on life support provided by an endless flow of debt financing from China. These purchases are the means by which China maintains the relative value of its currency against the dollar. As the dollar comes under even more downward pressure, China's purchases must increase to keep the renminbi from rising. By maintaining the peg, China enables our politicians and citizens to continue spending more than they have and avoiding the hard choices necessary to restore our long-term economic health.
Contrary to the conventional wisdom, when China drops the peg, the immediate benefits will flow to the Chinese, not to Americans. Yes, prices for Chinese goods will rise in the United States â€" but so will prices for domestic goods. As a corollary, the Chinese will see falling prices across the board. As anyone who has ever been shopping can explain, low prices are a good thing.
In addition, credit will expand in China while it contracts here. When China abandons the peg, it will no longer need to swell its currency reserves by buying Treasuries or other dollar-denominated debt instruments. Other nations will no longer feel the pressure to keep their currencies from rising, so they too could throttle down on their onerous dollar purchases.
As demand falls for both dollars and Treasuries, prices and interest rates in the United States will rise. Rising rates will restrict the flow of credit that is currently financing government and consumer spending. This change will finally force a long overdue decline in borrowing. So, not only will Americans lose access to the consumer credit that funds their current spending, but the things they buy will also get more expensive.
Our short-term loss will be in sharp contrast to the gain felt by foreigners, who will be rewarded with falling consumer prices and a more abundant supply of investment capital. In other words, the American standard of living will fall while that of our trading partners will rise.
However, this does not mean that I want the Chinese to maintain the status quo. In the long run, the U.S. economy will benefit from the abandonment of a system that guarantees our dependency and inevitable downfall. De-pegging will force the hand of U.S. politicians toward pursuing realistic policies. The Chinese will come to their senses eventually because it is in their interest to do so. Meanwhile, the longer the peg is maintained, the more indebted we become, the more out of balance our economy grows, and the more our industrial base shrivels. In short, the longer they wait, the steeper our fall.
A weaker dollar will price many imported products beyond the reach of most Americas, giving our hollowed out manufacturing sector the opportunity to rebound. However, if our industry has any chance of getting off the mat, we must reduce taxes, repeal regulations, reform our cumbersome legal system, and, most importantly, replenish our savings to finance the necessary capital investment.
If we position ourselves to deal with the consequences, tough love from China will provide a path back to genuine economic growth. However, if our politicians continue to misread the problem and push us deeper in the red, the inevitable 'rebalancing' could be truly ruinous.
Copyright © 2009 Euro Pacific Capital
During President Obama's high profile visit to China this week, the most frequently discussed, yet least understood, topic was how currency valuations are affecting the economic relationship between the United States and China. The focal problem is the Chinese government's policy of fixing the value of the renminbi against the U.S. dollar. While many correctly perceive that this 'peg' has contributed greatly to the current global imbalances, few fully comprehend the ramifications should that peg be discarded.
The common understanding is both incomplete and naive. Most analysts simply see the peg as China's principal weapon in an economic struggle for global ascendancy. The peg, they argue, offers China a competitive advantage by making its products cheaper in U.S. markets, thus allowing Chinese firms to gobble up market share and steal jobs from U.S. manufacturers. The thought is that were China to allow its currency to rise, American manufactures would regain their lost edge, and both manufacturing firms and the jobs formerly associated with them would return. In this narrative, the struggle centers on the United States' diminishing leverage in persuading the Chinese to lay down their unfair weaponry. It's a sympathetic picture, but it tells the wrong story.
While the peg certainly is responsible for much of the world's problems, its abandonment would cause severe hardship in the United States. In fact, for the U.S., de-pegging would cause the economic equivalent of cardiac arrest. Our economy is currently on life support provided by an endless flow of debt financing from China. These purchases are the means by which China maintains the relative value of its currency against the dollar. As the dollar comes under even more downward pressure, China's purchases must increase to keep the renminbi from rising. By maintaining the peg, China enables our politicians and citizens to continue spending more than they have and avoiding the hard choices necessary to restore our long-term economic health.
Contrary to the conventional wisdom, when China drops the peg, the immediate benefits will flow to the Chinese, not to Americans. Yes, prices for Chinese goods will rise in the United States â€" but so will prices for domestic goods. As a corollary, the Chinese will see falling prices across the board. As anyone who has ever been shopping can explain, low prices are a good thing.
In addition, credit will expand in China while it contracts here. When China abandons the peg, it will no longer need to swell its currency reserves by buying Treasuries or other dollar-denominated debt instruments. Other nations will no longer feel the pressure to keep their currencies from rising, so they too could throttle down on their onerous dollar purchases.
As demand falls for both dollars and Treasuries, prices and interest rates in the United States will rise. Rising rates will restrict the flow of credit that is currently financing government and consumer spending. This change will finally force a long overdue decline in borrowing. So, not only will Americans lose access to the consumer credit that funds their current spending, but the things they buy will also get more expensive.
Our short-term loss will be in sharp contrast to the gain felt by foreigners, who will be rewarded with falling consumer prices and a more abundant supply of investment capital. In other words, the American standard of living will fall while that of our trading partners will rise.
However, this does not mean that I want the Chinese to maintain the status quo. In the long run, the U.S. economy will benefit from the abandonment of a system that guarantees our dependency and inevitable downfall. De-pegging will force the hand of U.S. politicians toward pursuing realistic policies. The Chinese will come to their senses eventually because it is in their interest to do so. Meanwhile, the longer the peg is maintained, the more indebted we become, the more out of balance our economy grows, and the more our industrial base shrivels. In short, the longer they wait, the steeper our fall.
A weaker dollar will price many imported products beyond the reach of most Americas, giving our hollowed out manufacturing sector the opportunity to rebound. However, if our industry has any chance of getting off the mat, we must reduce taxes, repeal regulations, reform our cumbersome legal system, and, most importantly, replenish our savings to finance the necessary capital investment.
If we position ourselves to deal with the consequences, tough love from China will provide a path back to genuine economic growth. However, if our politicians continue to misread the problem and push us deeper in the red, the inevitable 'rebalancing' could be truly ruinous.
Copyright © 2009 Euro Pacific Capital
Monday, November 16, 2009
Peter Schiff On CNBC 11/16/09
The Keynesian on CNBC have no clue. I find it hard to believe anyone takes these fools seriously when they have been wrong at EVERY step.
Sunday, November 1, 2009
Morons At CNBC Still Don't Get It
Why anyone would still listen to these fool on the Mainstream Media?
Let's recap all these assholes who were singing the praises of Bernanke and Greenspan all the way until the DJIA lost 50% of it's value, they still laughed in Peter's face and mocked him like he was some kind of lunatic. Of course history has already vindicated Peter on the housing and stock market crash, and the complete morons who think we are past this depression will look just as stupid as the ones in the following video do today.
Let's recap all these assholes who were singing the praises of Bernanke and Greenspan all the way until the DJIA lost 50% of it's value, they still laughed in Peter's face and mocked him like he was some kind of lunatic. Of course history has already vindicated Peter on the housing and stock market crash, and the complete morons who think we are past this depression will look just as stupid as the ones in the following video do today.
Sunday, September 20, 2009
Peter Schiff Now Over 1 Million Dollars Raised
If you would like to donate to Peter and help him with his campaign here is a link.
http://www.schiffforsenate.com/
Thursday, September 17, 2009
Peter Schiff Is "In It To Win It"
Dear Friend,
Well, it looks like you have made a difference.
Well, it looks like you have made a difference.
Based upon the unbelievable support that I have receieved from 10,000 supporters like you, I have decided to throw my hat into the ring to challenge Chris Dodd for the honor of representing the state of Connecticut in the United States Senate. I will announce my candidacy on MSNBC's Morning Joe show on Thursday, September 17 at 8:15am eastern time. Sorry for the short notice, but its important to honor commitments and keep these things under raps until the day the news breaks.
At this time last year I could not have imagined that that I would be making such an announcement today. I had never intended to become a candidate for public office. But these are extraordinary times. Our economy is falling apart in front of our eyes and Washington seems intent on making the wheels come off even faster. At a time when we desperately need adult supervison, the economically illiterate are running the show. As I love my country, it now seems clear that I must try to do something to help. The emotional and material support I have received from across the country has made the decision much easier.
So today it begins. As I'm sure you are aware, the rules in politics bear only scant resemblance to those which govern polite society. As a result, I am wading into strange waters, and I'm sure strange things will happen. But I promise to maintain my composure and give it my best shot. Based on the support that I have received thus far, I fully expect to be facing down Chris Dodd in the general election just 14 months from now.
As my campaign takes flight, I appreciate the patience and trust that you have shown. To commit time and money to a long shot candidate for high office is a hard choice. I hope to repay that trust with a first class campaign.
I look forward to your feedback and your continued support.
Thanks again,
Peter Schiff
Peter Schiff
Friday, August 7, 2009
The Day is Here Schiffathon!
Well after a week of rallying the troops the moment has finally arrived. The Official Peter Schiff Money Bomb is upon us. If you haven't donated already please donate to his campaign. How much is it worth to you to get a Marxist like Chris Dodd out of the Senate? 50? 100? 500?
I just donated and I hope you will as well, don't leave it to someone else.
I just donated and I hope you will as well, don't leave it to someone else.
Saturday, August 1, 2009
Donate to the Schiffathon
This is a great website put together by Peter Schiff supporters. There are some tremendous videos over there and I encourage everyone to check it out.
www.schiffathon.com
www.schiffathon.com
Friday, July 17, 2009
Sunday, July 12, 2009
3 Exciting Candidates
During such troubling times as we currently find ourselves in, when Marxism is gaining ground at an unprecedented and unchecked pace, it is important to look for the positives. Although admittedly in my eyes they are few and far between, we still have to rally around them. The following three candidates for Congress are all great men with years of dedicated service to the preservation of the Constitution. If you are looking for a way to rescue our nation from the grip of communism please support these candidates. In no particular order they are
Dr. Rand Paul
Peter Schiff
Adam Kokesh
Dr. Rand Paul
Peter Schiff
Adam Kokesh
Tuesday, June 30, 2009
Subscribe To The Schiff Report
For the last few months Peter Schiff has been doing video blogs on youtube, it has now been named the Schiff Report and the information therein is fantastic. I want to encourage everyone to subscribe to his channel and watch them regularly, his advice could save you a lot of money.
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