This is a lengthy article from Ludwig Von Mises Institute. It’s actually a transcription of Peter Schiff’s comments at the Austrian Scholars Conference. He covers a number of topics from the bubbles of the 90′s and the housing bubble to what happens next. It’s a sobering discussion and he challenges all conventional notions regarding stocks [...]

You’re kidding right? Deficit spending is unsustainable? I thought that this deficit spending was the key to reviving economic growth? Isn’t more better? Speaking in New Mexico this week, the dilettante in chief warned us about our deficit spending problem, and the implications for the future. From Bloomberg… May 14 (Bloomberg) — President Barack Obama, [...]

From Business Insider… Apparently Rick Santelli went off again on CNBC telling the audience to watch this video. Listen to the scope of the numbers here – it’s just amazing that the IG of the Fed is incapable of answering any of the questions! My confidence level is soaring higher with each passing day… -OMB

Well, in addition to rewriting bankruptcy law, they’re also giving ownership to the UAW/Liberal Democratic Axis. Not just Chrysler, GM too. I e-mailed my cousin who’s a middle level white collar guy at GM and congratulated him on finally getting that Civil Service job. The only difference is that Civil Servants can’t get laid off. [...]

Once again, the Ludwig von Mises Institute website has a great article on our current financial woes. The ‘solutions’ that our Dear Leader proposes are the same that not only were employed to the detriment of the American economy by the likes of FDR and Wilson, they were also employed in 1715 France by John [...]

How dare this young Harvard man ask Barney Frank the question no one else would! Good for him!  Things got uncomfortable for Frank and it is about time!  Listen to how the audience laughs when Frank belittles this man for asking a question.  Bravo to this student for keeping his cool and also cheers to [...]

If you have a few minutes this is pretty funny…OMB

A good article on lewrockwell.com by Paul Craig Roberts.  Here’s an excerpt… What the Obama administration is really doing is taxing ordinary people in order to bail out the super rich. The 95% of Americans who get the tax cut will find that it is offset many times by the depreciation in the dollar and [...]

From Peter Schiff on MSNBC.  Worth checking out.  (found on Earthfrisk blog) Also, here’s another recent Peter Schiff video with Judge Napolitano…

Saw this on American thinker. Listen how Daniel Hannan takes Prime Minister Gordon Browne to task before the EU General Assembly, for the folly of deficit spending as stimulus. He should run for Congress in the U.S., I’d vote for him.  I saw the same video over on Atlas Shrugged with the comment that ‘since [...]

“No generation has a right to contract debts greater than can be paid off during the course of its own existence.” – George Washington to James Madison 1789. Huh,that’s weird.  Did he actually say we shouldn’t spend more than we have?  Well of course George Washington and James Madison didn’t inherit an economic crisis like [...]

So, what next?  I think I mentioned a couple of weeks back that I’d propose some solutions.  And, as I like to say, if you’re complaining about the status quo and not offering a solution, then you are basically just bitching for no good reason.  So I intend to offer a comprehensive solution to what I [...]

Here’s a post from Powerline on Pelosi’s outrageous attempt to ‘claw back’ the bonuses paid to AIG employees through legislative action to tax a specific group of Americans. I’m stupefied to find that some people are defending the constitutionality of Nancy Pelosi’s discriminatory, confiscatory and retroactive tax on people who receive bonus income from companies [...]

“I’m shocked!  Shocked! – that gambling is taking place on the premises!”  Followed by “Sir, your winnings…”.  That scene from ‘Casablanca’ is the first thing that popped into my head when I heard the outcry from D.C. that AIG execs return their bonuses. We’ve got Barney Frank, Chris Dodd and every other Democrat, some Republicans, [...]

After hearing Chairman Obeyme pass the buck for his Marxist agenda to Bush this weekend, in a phone call to the New York Times designed to fine tune/clarify his answer being asked the question “Are you a Socialist?”, I ran across this article by Randall Hoven on American Thinker that comments on all of the government [...]