Liberty Maven

by Peter Schiff, president of Euro Pacific Capital and author of Crash Proof 2.0: How to Profit from the Economic Collapse

Two dissatisfied customers comment about a restaurant. One says, “The food here is terrible.” The other replies, “I know, and such small portions!” In many ways, they could be describing our current employment picture. Not only are the portions shrinking, but the jobs themselves are steadily losing quality.

Today’s release of the October jobs report showed the loss of another 190,000 jobs had pushed the official unemployment rate to 10.2%, only the second time since the Great Depression that unemployment was quoted in double digits (factoring in workers who had given up job hunting altogether or have settled for part-time work would push that rate to 17.5%). That didn’t stop Wall Street pundits from trying to fashion a silk purse of this sow’s ear. The ‘green shoots’ crowd focused on the slowing pace of job losses, the nascent economic ‘recovery’ (even if it is jobless), and the projected improvement in 2010. No mention was even made of the quality of what few jobs were being created.

The analysts completely ignored the continued trend of replacing goods-producing jobs with those jobs that require production from other sources. For example, we lost 61,000 manufacturing jobs last month, but added 45,000 jobs in education and health services. In particular, the addition of health workers is nothing to celebrate. Just as a family’s economic position is not improved by higher medical bills, the country as a whole does not benefit from increased health-care spending. Until this trend reverses, our unbalanced economy will not regain its stability, a real recovery will never take hold, and the overall job outlook will get much bleaker.

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D o w n s i z e r – D i s p a t c h

If you want the Supreme Court to hear this argument please make a tax-deductible contribution for this purpose to the Downsize DC Foundation.

Why this is important

Statism is the belief that politicians and bureaucrats should have broad powers to use force against citizens. In its most virulent forms Statism killed more people in the 20th Century alone than all of the individual non-governmental murderers in the history of the world, COMBINED!

Professor R.J. Rummel estimates the total murderous death-toll of Statism at about 170 million people!

Not even the Black Death of the Middle Ages, or the Flu epidemic of 1918, can approach these numbers, even if you combine the totals from those two epidemics and reduce the estimate for the total number of murders committed by governments.

But the terrible statistics for Statist murder still only tell part of the story. We must add to them the statistics for the mass theft, imprisonment, and torture committed by governments against innocent people. These measurements of State criminality are even more vast, so much so that they are literally incalculable.

The State, and the belief-system that fosters its criminality — Statism — are the great scourges of human existence, against which no other source of death and destruction can remotely compare.

Of course, in reaction to all of these blood-curdling facts the fool argues that such things could never happen in this country. The same foolish belief was held by people in Russia, Germany, China, Cambodia, and a hundred other places, before such things DID happen in those countries. But such naivety is also exposed by one other crucial fact . . .

Murderous and violent crimes by the State have already been committed by our government, on a massive scale. A partial list would include . . .
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D o w n s i z e r – D i s p a t c h

The bill is an unprecedented attack on personal liberty.

Please send a letter to Congress demanding they oppose Pelosi’s bill.

Here’s what I wrote:

HR 3962 will hamstring our finances. But it’s also full of blatant attacks on individual liberty.

For instance, chain restaurants and vending machine owners will be forced to publish calorie information on their menus. That’s not interstate commerce… unless the state line cuts through a McDonald’s counter. Congress can’t order private property owners around this way, and the Free Press clause of the First Amendment also clearly forbids this mandate. Calorie reports may be nice, but that’s outside of the government’s lawful scope.

HR 3962 also violates the broad 9th Amendment protection of individual liberty, and the 10th Amendment’s requirement that federal power be limited to only those functions listed in the Constitution.

Even though the Supreme Court has blown a gaping hole through many Constitutional protections of economic freedom — and blamed their lawlessness on the Commerce Clause power to regulate interstate commerce — it’s apparent that even this wide hole is too small for Congressional ambitions. Does anyone on Capitol Hill even know what interstate commerce is?

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Republicans displaying their “Red State pride” following the results of Tuesday’s elections need to face reality. The two GOP gubernatorial election victories in Virginia and New Jersey were unsurprising and expected. Now if a true limited government conservative beat out Bloomberg in the New York mayoral race there would be a reason for celebration.

The reason Bob McDonnell beat out Creigh Deeds in Virginia was not because McDonnell represents some new style small government Republican. McDonnell won because Deeds made campaign mistakes. McDonnell made none. Deeds lost the race more than McDonnell won it.

The same is true for the New Jersey race. Corzine, a former chairman at Goldman Sachs, easily became a scapegoat for a failing economy and political corruption. So, he lost.

What Tuesday’s election results really demonstrated was a lack of conviction for either Democrats or Republicans. When the political spectrum shines red, then blue, then red, then blue, over and over again something tangible comes to light:

America is not rooting for either party to win. America is rooting for the underdog.

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by John Browne – Senior Market Strategist, Euro Pacific Capital

Last week, to the delight of its media cheerleaders, the government announced that economic growth had returned and the recession had ended. But before we start celebrating one quarter of modest growth, we should realize the only force driving this apparent recovery is an enormous increase in government spending. To finance its largesse, the government is now borrowing at a rate that has ordinary citizens and the international community extremely concerned.

Leading into the first election season under Obama’s reign, this unprecedented government borrowing and spending is creating a false sense of security. The activity has allowed GDP to increase despite stagnation in corporate and consumer spending.

Small businesses – the most important creators of new jobs – are nervous. Due to uncertain economic conditions and a high degree of regulatory uncertainty, they are hoarding cash rather than investing. Indeed, their largest expenditures are often solely to replenish inventories.

Likewise, consumers are rationally hording their resources. Year over year, consumer spending – which constitutes 70 percent of GDP – is essentially flat. With such a large segment of the economy quiescent, the percentage increase in public sector spending has to be very large in order to push the GDP upward.

The new government spending spree has focused on major stimulus initiatives, including the new homebuyer tax credit and ‘cash for clunkers’.

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D o w n s i z e r – D i s p a t c h

That’s just a little over $30,000 per year.

Clearly the banking lobby is satisfied with Mr. Watt’s performance.

Last Friday, Rep. Ron Paul reported that our Federal Reserve Transparency Act (HR 1207) was “gutted” in Rep. Watt’s subcommittee.

In defense of Rep. Watt, however, it’s not totally his fault. His district is the most obviously gerrymandered in North Carolina, following I-85 like a snake from Charlotte to Winston Salem. It is overwhelmingly Democratic, and his re-election has never been seriously challenged. Why should he represent the people when he is electorally invincible?

While we may not be able to hold Rep. Watt accountable, we can fight back. His attempt to eviscerate HR 1207 must be approved by the full Financial Services committee.

We can block that approval, and restore the original bill. It is especially important that each member of the Financial Services committee hear from their constituents the clear message that Rep. Watt’s proposed changes are unacceptable. And you must act now because . . .

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“Whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it.” - Thomas Jefferson, Declaration of Independence

Originally published November 3, 2009 at http://towneforcongress.com/economy/remember-remember-the-fifth-of-november-2

Remember, remember the Fifth of November,

The Gunpowder Treason and Plot,

I know of no reason why the Gunpowder Treason

Should ever be forgot!!

Guy Fawkes, Guy Fawkes, t’was his intent

To blow up the King and Parli’ment.

Three-score barrels of powder below

To prove old England’s overthrow!!!

On the Fifth of November, 1605, a group of Catholic freedom fighters, or terrorists from the monarch’s perspective, attempted to blow up the aristocratic House of Lords and King James I due to relentless religious persecution. Guy Fawkes, a former soldier and demolition expert, was caught below Parliament with 800 kilograms (1760 pounds) of gunpowder. Guy was tortured for days to divulge the names of his other conspirators, then sentenced to be hanged, then drawn and quartered.  Rather than suffer the ripping apart of his body by horses, Fawkes jumped into the air and snapped his neck.    Read More »

D o w n s i z e r – D i s p a t c h

The latest example is the 1,900 page healthcare monstrosity the House leadership unveiled last week. They want a vote on it this week!

I believe they’re overreaching, and helping to build our movement.

Please send Congress a letter demanding that they introduce and pass DownsizeDC.org’s Read the Bills Act.

This is what I wrote in my personal comments . . .

Congress passed the Patriot renewal bill in 2006, only to discover later that someone had inserted a provision allowing the President to appoint U.S. Attorneys without Senate approval. This year, Congress passed the stimulus bill with the AIG bonuses.

Nearly everyone in Congress was shocked when they learned what they had passed. This happened because Congress didn’t read these bills before they voted on them. This is irresponsible.

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With the USA Patriot Act set to expire at the end of this year, and Congress mulling around even more nefarious replacements for it, it’s time to keep in mind the major items in it that make it evil (as compiled by the ACLU):

1. Search your home and not even tell you… by conducting secret “sneak and peek” searches of your home or office, without informing you that a warrant was issued.  (SECTION 213)
2. Collect information about what books you read, what you study, your purchases, your medical history and your personal finances … without probable cause.  (SECTION 215)
3. Label you a “terrorist” if you belong to an activist group … and the USA PATRIOT Act broadly expands the official definition of terrorism, so many domestic groups that engage in certain types of civil disobedience could very well find themselves labeled as terrorists.  (SECTIONS 411, 802)
4. Monitor your e-mails and watch what internet sites you visit … by monitoring Internet traffic and e-mail communications
   on any Internet service provider — *without* probable cause. (SECTION 216)
5. Take away your properly without even a notice or a hearing if the government merely says a person or organization has engaged in or is planning an act of “domestic terrorism.” The government could thus effectively bankrupt an organization with which it disagrees.  (SECTION 806)
6. Spy on innocent Americans by allowing a vast array of information on U.S. citizens to be collected and shared with the CIA (and other non-law enforcement officials) without proper judicial oversight or other safeguards.   (SECTIONS 203 AND 901)
7. Put immigrants in jail indefinitely.  The USA PATRIOT Act permits indefinite incarceration of immigrants and other non-citizens without the government having to show that they are, in fact, terrorists.  (SECTION 412)
8. Wiretap you under a warrant that doesn’t even have your name on it. Judges are required to approve a wiretap without even knowing who is to be wiretapped or where the wiretap is to be placed.  (SECTION 216)

Read more here and here.

As noted in a story by James W. Harris at The Advocates for Self-Government, a group that wants to provide free medical care to out nation’s poor is being blocked by government bureaucrats:

An organization of volunteer doctors and other health care professionals wants to provide free medical care to tens of thousands of poor people across America.

But — incredibly — government bureaucrats won’t let them.

That’s the extraordinary story told by journalist David Freddoso in the Washington Examiner newspaper.

The article begins this way:

“Stan Brock just wants to help. The former co-star of ‘Wild Kingdom’ wants to deliver free medical, dental and vision care to the poor. … Brock simply wants to provide care free of charge, at the hands of unpaid volunteer doctors and dentists using donated equipment.

“Brock’s group, Remote Area Medical, wants to bring its services to Washington [D.C.], and soon. He wants his volunteer eye doctors to grind new glasses on the spot for those having trouble seeing.

“He wants his dentists to pull rotten teeth and perform root canals in badly neglected mouths. He wants to give checkups and HIV tests to the uninsured and the underinsured. No questions asked.

“The only question is whether the bureaucrats will let him do it.”

Continue the story…