If you realize both parties in Washington think that our money is theirs and you trust them to do the wrong thing, this list is for you.
If you think there is a Santa Claus that has some magic easy cure for the economy; someone who is going to get elected in Washington and fix everything just by cutting your taxes, investing (more government spending) a few trillion more we don't have and will never have, and who will just command some countries to lower their prices and others to raise their prices all to suit your best interests, then this list is not for you.
You can read past posts by clicking on : schifflist , I try to tag all relevant threads with the keyword : schifflist.
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The Austrian Economics School’s Commandments plus :From : link
1) You cannot spend your way out of a recession
2) You cannot regulate the economy into oblivion and expect it to function
3) You cannot tax people and businesses to the point of near slavery and expect them to keep producing
4) You cannot create an abundance of money out of thin air without making all that paper worthless
5) The government cannot make up for rising unemployment by just hiring all the out of work people to be bureaucrats or send them unemployment checks forever
6) You cannot live beyond your means indefinitely
7) The economy must actually produce something others are willing to buy
8) Every government bureaucrat should keep the following motto in mind when attempting to influence the economy: “First, do no harm!”
9) Central bank-supported fractional reserve banking is an economically distorting, ethically questionable activity. In particular, no government should ever do anything to save any bank from the full consequences of a bank run, no matter what the short-term consequences.
10) Gold is God’s money.
Add mine:
1) Businesses don't hire workers just because of demand for products or services, they hire because it makes them money. Sorry to have to state the obvious.
2) Government spending without taxing is still redistribution
3) Taking one man's money and giving it to another is not a job.
4) Paul Krugman and Bernake have been wrong about everything, as well as the other best and brightest Keynesian's who have been fixing our economy for over a decade.
5) Republicans in the minority (esp out of the White House) act like Republicans, in the majority they act like Democrats .
Equity bubble rules:
1)If something goes up too fast, it is going down faster,
2) By the time it looks like everybody is getting rich, it’s too late, stay out!
3) To get rich you have to get in early start of recovery and get out at the first really 'bad' news, and ignore the experts that claim that they will stop the next crash(our buddy Bernake.).
4) Don't invest money you will probably need, or worse money you don't really have.
Just, wow!
Good read. Thanks.
Obama is brilliant.
Obama graduated from Harvard law magna cum laude because he is brilliant.
Obama became a Constitutional Law Professor at prestigious Chicago u.
We have only Obama's and the media's word as to his brilliance and that his brilliance led to his election to Harvard law Review. There is nothing to support these premises because it has all been battened down--for a reason?
He was a part time lecturer in Constitutional law at Chicago, not a professor. And from what I have heard him say about the Constitution--it is a list of negative rights, written by old dead white men and needs to be rewritten--he is just regurgitating what is being taught at Harvard Law by professors like Obama's former idol, Derrick Bell.
Obamna was invented by people like Soros and Wm. Ayers and is a practiced vaudevillian performer when not admiring himself and contemplating his navel.
vaudine
Ten million Saudi petrodollars buys a lot of juice in academic eyewash country.
Anyone who starts with unproved information (Obama at Harvsrd and Chicago) how can you believe anyting else he say?
Where is the evidence of the “magna cum laude”?
This is the first I've seen this.
Everything about Obama is a sham and has been manufactured. I’d wager if the truth of who and what he is ever comes out, even half the sheeple will be shocked. Can you imagine someone who held those prestigious positions at harvard having the vocabulary and vernacular that this rabble rouser exhibits?
B U M P
With all due respect and deerence to Mr. Schiff, I would suggest we owe a lot more to Justice Brandeis.
In addition to being more "contemporary," his words seem to address not only the megalomania of the "great" grabber, Roosevelt, but also fit Obama's signature achievement :
After the ruling, Justice Louis Brendeis (not known for his strict adherence to conservative constitutional interpretation) famously remarked to a presidential aide, "This is the end of this business of centralization, and I want you to go back and tell the President that we're not going to let this government centralize everything."