Lessons at OWS

Peter Schiff went down to Wall St. with a sign that read "I am the 1% - Let's Talk". Schiff runs a successful investment firm and he makes great money. Deciding to go to Wall St. and discuss his situation with young people was a move that should have positive repercussions. What we can get out of his discussion with some of the people there is to see how ignorance is the enemy. If you look closely at the people discussing things with Mr. Schiff, you'll see that they think they know things, but they really don't. You also see that when some of the 'protesters' are backed into a corner they resort to calling Mr. Schiff names, or interrupting him. This is not debating or arguing or learning. You'll see as you get older that the people who are not well read, not historically aware, not well versed in economics - these are the ones who want the power to control the dialogue and run the debate. Schiff simply won't allow that. The two most egregious examples of this are the guy with the Guy Fawkes mask who calls Mr. Schiff an 'idiot', and the older woman who says she is part of the 1 percent. They do not offer a counter argument. The clown mask guy simply resorts to calling names. Don't take people like that seriously. If you decide to follow that type of intellect, then you get what you deserve. The older woman says that Mr. Schiff's facts were 'wrong', yet she does not offer any other facts. She brings nothing to the table. She admittedly pays 10% in tax - I pay close to 40% and Mr. Schiff pays over 40%, yet she is down there with the protesters feeling morally superior as she is "down" with them. Notice how Schiff tells her she can pay more if she wants and she dodges the comment. She never addresses the point.  Her hypocrisy is astounding.  This is common among liberals.

Again, Schiff is right.  Actual capitalism and the free market (not the 'market' we have now) provide the toughest regulations, provide the best wages, lowest priced products, and wealthiest society.  This may sound unbelievable to you.  Without sounding sinister and conspiritorial, the evidence is there, it just isn't ballyhooed because the Power Elite would rather you continue to have your wealth siphoned off and the status quo continued.  One last noteworthy point.  There was a man who asked Mr. Schiff about FDR and his "saving" the country.  Schiff said that FDR didn't save anything, and he was correct.  Notice how the other guy didn't even question - he just dismissed it as crazy.  That exchange epitomizes the lack of education today.  The person who is correct gets dismissed by the factually bereft person in the wrong.  Thankfully the web is changing this.  It can't happen quickly enough.

Downright Frightening

I'm not sure who is the more scary, the woman at the end who simply stops talking to Adam Kokesh, or the sash wearing young Stalin who accepts "the use of force" for people who will not conform to his version 'social justice'.  Notice how both are brainwashed to the point that when Mr. Kokesh asks about impeaching Pres. Obama, they equivocate (sash guy) or ignore (ill informed woman) the question. 

This shows you the state of much of young America today.  I think the Sash Guy is more frightening - he sounds to me how I expect a young Stalin would sound.  Advocating the use of force to adhere to HIS principles is much of what Stalin (and Mao, and Castro et al) did to dissenters.  Firing squads, the Gulag, secret prisons - these were all tools of these socialist dictators.  I found this video truly frightening, and not a little depressing.  Left unsaid is how Sash Guy would feel if someone ELSE used force to make him adhere to their view of 'social justice'.

Schiff Before Congress

Peter Schiff testified before congress not too long ago.  He had no notes, no teleprompter, and no one there to provide any refutation of his arguments.  Listening to the following 22+ minutes will give you a very good grasp of what bad government does to our economy.  I'll let the video speak for itself.

On a more sinister note, the video was eventually taken down after a week or so.  Mr. Schiff has since re-posted it via his Youtube channel.  Was there a conspiracy?  Probably not, but who knows.  I got this email from Europac (Schiff's company), which I will post in its entirety.  Read and then analyze his testimony for what actually happens in the business world, instead of getting distorted "news" from the paid off quislings of the mainstream media.

Pay particular attention to the last 3.5 minutes.  You'll see how everything you've been taught about the gold standard and income and life in the United States was wrong.

The email was as follows:

Friends,
 Many of you know that last month I was in Washington to testify in front of the House Subcommittee on Government Reform and Stimulus Oversight. I argued that bad monetary and fiscal policies had combined with excessive taxation and regulation to stifle job creation in America. As a result of a Youtube video of the hearings that was in the process of "going viral" many in the media and political establishment began to take notice. In the aftermath of the testimony, I was invited to discuss my testimony with Greta Van Susteren, Mike Huckabee, and many others.
Unfortunately, the "viral" video that news and media sites had linked to most often, and which I had mentioned on my radio show, was inexplicably removed from Youtube by the individual who posted it in the first place. There is no conspiracy here, just an unfortunate string of events that have left many people disappointed that a video that could have reached into the cyber stratosphere, has instead simply disappeared. And while there are dozens of other versions of the testimony online, in today's world there is no substitute to a big view count.

And so, in an attempt to roll another snowball down the same hill, I have posted a new version of the video on my Youtube Channel. In order to comply with securities regulations I elected to delete a very small portion of my testimony, but plenty of other versions are available online that have all my remarks. But in order to make up the lost view counts I urge you to click on this link and send it to as many people you know who may appreciate my message to Congress.

If enough people watch, the video will go to the top of the charts and more people, many of whom may still be completely unfamiliar with the benefits of capitalism, will be exposed to our ideas. If you want to move the needle and impact the debate, here is a way to do it. All you need to do is click.

Sincerely, Peter Schiff CEO and Chief Global Strategist Euro Pacific Capital

Steve Jobs

Steve Jobs died yesterday. This commencement speech at Stanford University in 2005 explains why he will be remembered and how he was able to be successful. If you'll notice throughout the speech he talks about time orientation. I don't think it was happenstance that Jobs continuously stressed focusing on the future. One of the major differences between the cultures and classes of people isn't birthright - it's future orientation vs. present orientation. By continually focusing on the future and making sound decisions regarding that future, a person can pursue a level of success that the hedonistic person cannot. People and cultures often determine their levels of success by how they regard time. Being future oriented has been shown repeatedly to breed more wealth and a higher station in life.

The second thing that is glaringly obvious, as Jobs mentions it at the beginning of the speech, is the irony of a college dropout speaking to the graduating class of Stanford. In yet another example of Steve Jobs being ahead of his time, he personifies the overemphasis of a college education in our society. Think about it - a college dropout, billionaire, entrepreneur - lecturing young people graduating from one of the most prestigious universities in the world. None of those graduates will have the impact on the planet that Jobs has had. Probably none of them will be as rich. We are taught that Steve Jobs relegated himself to a life of failure because he didn't finish college, and he explains how that decision caused his success. Jobs success was spectacular, but the decentralization that is happening will make dropping out of college and breaking away from the debt servitude universities promote more common. This is obvious now, Jobs was at least 6 years ahead of his time. Again.

Stay focused on the future.

Explore and find out what you love to do.

Pursue your calling with a passion.

Thank you Steve Jobs.