Peter Schiff Rocks US Congress in September 2011

Peter Schiff is pure sex.  Those glasses…the fitted suit…slick hair. This was an awesome presentation. No notes, no slogans, no mercy. Peter Schiff brought the pain like a well trained athlete. Watching Schiff is like watching a Micheal Jordan highlights film. He dunks on everyone with his nuts dripping sweat across the defender’s face and hair.

Peter Schiff shreds the Obama Jobs Plan in front of the United States Congressional Jobs Committee.

He teaches a few people Austrian Economics.

a. A sound economy requires sound money such as gold or silver to check government spending and debt.

b. The Federal Reserve expands the money supply. The expansion of the money supply is inflation. Inflation causes mal-investment of resources because artificially low interest rates provide the incentive to borrow money and spend it without worrying about difficult interest payments.

c. Government issued student loans increase demand for college and decrease scrutiny of college prices and programs. This tends to cause tuition prices to rise and quality to go down.

d. Social Security, medicare and welfare are counter productive and unsustainable.

e. Government debt consumes the nations savings. Without savings, capital investment is low and production decreases.

f. Capitalism is an awesome force.

g. War production lowers the standard of living.

h. The only rights are individual rights.

The government should remove regulations that discourage full employment.

a. Abolish the Federal Minimum Wage

b. Repeal all Federal workplace anti-discrimination Laws

c. Repeal all laws mandating employment terms such as work place conditions, over-time, benefits, leave, medical benefits, etc.

Read the testimony at http://oversight.house.gov/images/stories/Testimony/9-13-2011_Schiff_Testimony.pdf

Advertisement