Economist Peter Schiff goes to Washington

In attempt to tell Washington that spending our way out of recession is not the solution he ends up giving members of congress a lesson in Economics. It's always surprising that almost all members of congress believe if we spend now were investing in our future and can pay back that debt later.That has never worked since the idea of deficit spending came about and we have never paid down the debt entirely even in the business cycle booms.

FDA-Preventing the cure for cancer since 1970

Burzynski: Cancer Is Serious Business from BurzynskiMovie on Vimeo.

Capatilism why dont they teach it in schools?

The return of two Adversaries Keynes vs Hayek

How the Federal Reserve Works

2 part special

Inflation is here and if you dont believe me maybe the CEO of Walmart can convince you!

Inflation is amongst us and no doubt its effects of higher prices are coming.  We have already seen increasing commodity prices and now oil reaches $110 a barrel mainly due to the middle east conflicts and a weakening in the dollar.  This $110 price is said to be what keeps consumers from spending money but we have yet to see such impact as many stocks release positive earnings for the end of march.  However recently released news from Walmart's CEO announced that prices for consumer goods would rise in June.  (I've mentioned this in past blogs about the rise in the PPI leading to CPI inflation) and now it appears that it may be true! Believe me when i say Walmart has more accurate statistics of rising consumers goods than the U.S. and why shouldn't they its there profits that depend on this statistical accuracy for better forecasting future gains.  Has the Fed's liquidity of Qe2 and low interest rates spiked prices beyond core inflation where is unemployement going to stand are we to face stagflation.  We will all see soon enough! And if so will the Fed raise interest rates to battle this inflation in time or will it even matter the answers are soon to come I'm sure...

Business insider Walmart CEO Inflation Article-Link

Taxing the rich and everyone over 250,000 for 100% of their profits would still not help pay 1 full year to run our country.

Government FreeLoaders

Great Qoute

“(Nuclear power) is as safe as any other energy source. Last year we had the BP Oil Spill, the Massey coal mine collapse, and let’s say a windmill robbed a bank.” -- Stephen Colbert

Japan Road to Rebuilding not Expanding

Tackling illegal immigration? Farmers can't find legal workers?

Came across a video shot last November on Cspan 3 and couldn't help but want to put it up on the blogg.  Stephen Colbert Comedy Central's host of The Stephen Colbert Report a comedy show emulating Fox's O riley Factor gave a testimony on his beliefs for Immigration reform in front of the House subcommittee.   His message- Working on a farm is so hard that Americans don't want to do it, so immigration and labor laws should be reformed.  Many criticized his appearance and claimed it was a waste of tax payers dollars but i feel he actually presented more facts and evidence that less and less farmers can find legal workers willing to work these vigorous jobs and that thousands of acres of land are being planted in other countries such as Mexico instead.  Well here is the video- 

Inflation leading manufactures to package less?

Is inflation happening or is it the skepticism of looming inflation that is causing commodity goods to rise in price.
And as the PPI goes up why is that the CPI is not increasing by much.  Are companies starting to package less goods in their products. Does a bag of Doritos have less and less chips in it every-time u buy one but the price remains constant or has increased?

Video on looming inflation and its effects...

Bank Bailouts Repaid? America and the world saved from a Depression?

Anticipating the Federal Reserve and Knowing the right People in Government can make u Rich!

Billionaire hedge fund manager John Paulson, whose bet against the overheated housing market made him one of the world's wealthiest people, became a lot richer last year.

By earning an estimated $5 billion in 2010 thanks to bets the economy would recover, the 55-year old investor likely set a new record for the $1.9 trillion hedge fund industry's biggest-ever annual payday. He beat his own record, which he set in 2007 with a $4 billion haul made off the subprime bet.

The Wall Street Journal first reported Paulson's payout in its Friday edition, and investors familiar with Paulson's portfolios said the number is likely correct given the manager's asset size and his recent profitable bets on Citigroup and gold.

For Paulson, the payday comes after he reversed deep losses in his funds halfway through the year, and it may put to rest lingering talk that his investing prowess was limited to a lucky bet during the subprime era, investors said.

"He did it on the short side and on the long side," said Brad Alford, founder of Alpha Capital Management, which invests with hedge funds. "He proved that he can really do it all."

-Yahoo  By Svea Herbst-Bayliss

"He did it on the short side and on the long side"???

Yep, first by shorting the FannieMae backed housing bubble by way of specially designed instruments provided to him by GoldmanSachs.

Then by playing the US taxpayer bailed-out, biggest of all "too-big-to-fail" banks - CitiGroup (the largest recipient of bailout funds). With a kicker based on increase in gold prices caused by all that devaluing of US dollar due to trillions of dollars created by the FED to bailout Citigroup and address the housing bubble.

The guy has mastered the art of making money from Uncle Sam's mistakes. 

Tax System-Tax Code to Complicated or What?

Douglas Shulman says he uses a hired tax preparer because the U.S. tax code is so complex. That's a bad sign. He's the I.R.S. commissioner.  The tax system has clearly gotten too complicated. The code itself holds about 3.8 million words, nearly five times as many as the King James Bible. There's also a much larger body of regulations, which carry the weight of law, written by the Internal Revenue Service, along with.......

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Complicated Tax Code Article

China may be facing a looming Inflation problem

Twenty years ago, China’s leaders decided to ditch the disaster of economic communism in favor of privatized, export-focused, industry. The plan largely worked. Over that time, China has arguably moved more people out of poverty in the shortest amount of time in the history of the planet. But somewhere along the way, China’s leaders became addicted to a game plan that......


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China's Inflation Problem

-Peter Schiff, Economist and Financial Advisor

New Bill to Propose major tax changes to help the Economy?

Stimulus to help from entering a depression, bail outs to help from entering a depression, QE1 and QE2 to help us out of the recession, Possible QE3 to help unemployment in the future, And now Newly proposed major tax cuts and extensions to help our weak and fragile economy recover. Sure hope the Government knows what its doing. But if I had to guess Keynesian Economics of spending our way out of this mess might not be working as many had hoped for.


Link to CnnMoney New Tax Bill Stimulus

Spending Someone else's Money on Someone Else...

Although I do not agree with every theory of Milton Friedman's I do think his explanation on how inefficient Government Spending can be is very true.

The 4 ways to spend money

Congress has a deadline to extend the deficit

Congress must come to an agreement before saturday to extend funding to the already overwhelming government deficit.  Many fear that without the extension that more government employees could lose their jobs and more government programs could get cut.  However congress has been in this predicament many times in the past and has always favored an extension but i shouldn't have to point that out the deficit is almost at 14 trillion.  So who cares right we will deal with our debt issues when the time comes?


Today's economic problems are not about what we are doing now.  They are about what we have already done for past few decades. The mistakes we have made were the ideas to inflate credit to excessive levels in the hope of creating Wealth. We continue to bail out the top 3% of the rich and create programs to help the poor.  We watch as the middle class continues to disappear. The FED makes credit easy, and America borrows.  This borrowing inflates the money supply, which later inflates the prices and salaries.  To combat inflated prices we passed laws for minimum wages.  To combat rising costs we create more government programs to help those in need.  With government programs we fix prices so they never decrease.  We continue to repeat this over and over again; tax increases and decreases give illusions of reasonable income so government can continue to borrow and waste money.  We have destroyed the flexibility of free markets and continue to do so when it tries to tell us otherwise. 


We've borrowed from the future always expecting to figure the “big problems” out later. The future is here the future is today!  Its always been said that we were leaving debt for our kids and grandkids to figure out but its become more of a reality that we have created debt for ourselves to figure out. The value of money continues to lose its wealth overtime a hidden tax that no one takes into account.  We are merely borrowing and spending to sustain our unsustainable life styles. This is like trying to pay your credit bills with more borrowed money. Consumer economy is a myth. When the multinational corporations are done robbing America, they will simply move out to suck the blood of other growing nations. They are working hard to create consumer culture elsewhere around the globe, and they want to take as much as they can and pay as little as possible. In America consumers consume, go into debt and become poorer.  Someday if we don’t realize how to correct our bad habits the Governments Free Lunch of a free nation will be over. 

Economic thoughts and Opinions

I feel that recently with all the talk on fed that it is surprising to hear that some economist believe the Fed is not pumping enough money into the system to help a recovery.  How is creating trillions of new dollars out of thin air going to help our country in the long haul? How does increases on taxes for job creators encourage job growth? How many times for how long should unemployment be extended?  If creating more Demand really helps a recovery then why don't we just have the Government give EVERYONE some money so it can create new WEALTH and the economy can flourish.

 "14 trillion dollar deficit but who cares lets give puppies to everyone so they can be happy." -Hugh Jidette

What we should do is create Supply and in order to that we need to encourage Savings and creating jobs through sound investment.  We should cut down on the Government Spending, encourage job creators to stay in the U.S. so they can make profits and keep most of them.  Lets stop assuming that we can stabilize economy with Government spending and that peoples choices can be predicted nothing is perfect but nothing also works better than the free market system.  Let things run there course we continue to try to fix our economic problems and artificially keep prices from falling but this never works and makes things worse.  Our government has a spending problem! i said it they have a spending problem.  How much money are we going to charge on the China Visa Card, Japanese Master Card, Brazil Discovery Card and American Express Cards we have??  Eventually were only going to be able to pay off the interest on this debt each year at the rate of current Government spending.  And at the rate of the FEDERAL RESERVE the dollar is  gonna be able to buy a down-payment on a candy bar ten years from now.  Maybe the Government should seek one of those debt help hotlines and only be given a Paypal card so we can only spend what we take in.