Saturday, May 15, 2010

FireDogLake Attacks Peter Schiff

Peter Schiff must be making an impact. The big time interventionist-supporting blog site, FireDogLake, has sent a hit man to take care of Schiff. The hit is so far off base that I am waiting for the movie version, The Blog that Couldn't Argue Straight.

One captjjyossarian writes that, get this, Schiff is in favor of a plutocracy because he doesn't want the Federal Reserve to control the money supply. Yes sir, the same Federal Reserve that just announced it is going to engage in billions in "currency swaps" with EU governments to help bailout bankster/plutocrats, Schiff is against. Schiff being against this, somehow in the mental wiring of an FDL blogger, makes him in favor of plutocrats.

What captjjyossarian doesn't get is that in a free market monetary system, we wouldn't be forced to use bankster money. And if you weren't forced to, who would? You would obviously use a money that the banksters couldn't print at will, such as gold and silver. Bankster/plutocrats hate gold and silver because it is a money of the people, not designed or controlled by plutocrats.Gold and silver, for example, developed as money as an unintended consequence of market exchanges (using the term "unintended consequence" in the much more complex and interesting manner that F.A. Hayek intially used the term, than the way it is used by pop commentators, who have no clue who Hayek was or what he meant).

The captain then takes Schiff on in an even more bizzare fashion. He writes:
And on a related note, Damon Vrabel made an important point about Peter Schiff’s politics on Max Keiser’s RT show. Mr. Vrabel pointed out that government is the only avenue of attack which we have for fixing our broken system. By attacking government, Mr Schiff is trying to kill our only hope.
Can the captain really be serious. Has he seen how many times bankster Jamie Dimon has visted the White House? Has he seen who Treasury Secretary Geithner gives a private briefing to?

What I want is less government so these characters don't lord over me, not for them to be replaced by other characters that will lord over me with their pet intrusions into my life. That the Captain thinks government is the solution and gets an audience for his writing is a clear indication of why we need Ron Paul and Peter Schiff explaining the problems with government. And that's why I cheer on what the Captain fears:
Peter Schiff has been given a lot of airtime on mainstream networks over the last couple years and that’s troublesome. Troublesome because he’s been showcased as an "alternative point of view" to most of the expert clowns that mainstream media brings on thier (sic) shows.


  1. What's really troublesome is that the FireDogLake writers, who are shills for government themselves (albeit, a "different" government with "different" priorities...) nonetheless attribute to themselves "alternative viewpoint"-status.

    Distinction without a difference. FireDogLake intellectually fails, again, like the writers at TrueSlant.

  2. Wow. Reading the comments below produces even more LOL.

    Too bad you have to register to that garbage site to post. Otherwise some pwning would be in order.

  3. I've sparred with people who share most of my political opinions, largely about money. I see fiat money as a crime against people, and the wealth robbed by inflation as a crime.
    Much of the criticism directed towards sound money is based on ignorance. Let's face it, the Right wing doesn't have a monopoly on it; Americans are universally undereducated in financial matters, a situation the moneyed elite exploit to their advantage. Ask even college graduates to explain inflation and many can't.
    The rich and corporations they control--alongside it a system of constantly devaluing fiat money--have built a political system which legitimizes their theft, much of it from the Treasury and the burden of future taxation. The real genius of the system is that it sets libertarian against progressive, and social conservatives against them. It's also a system that has co-opted the media and turned it into a vehicle of propaganda and systemic suppression of information. Should we be surprised however, when some liberal bloggers rant against Schiff? Do they really know how destructive fiat money is, and how it denies the working classes the ability to preserve the value of their savings, turning them instead into slaves dependent on scraps from the gov't table? After all, the budget cuts in Medicare that recently passed will hurt people they claim to protect.
    One word of caution among the supporters of Schiff here: is the criticism of the ignorant worth alienating people to the cause of sound money? We need to be especially careful about serving the interests of dis-unification, which benefit financially from fiat money. We need to put our political differences aside with economic issues, as there are some economic facts that are self-evident, especially concerning the 96% loss in the value of the dollar since 1913. Every Americans--Right or left or wherever they might be--needs to be educated on that fact--they ARE OWED THAT KNOWLEDGE.
    Once we've made the money supply safe for democracy we can agree to disagree.

  4. jbpeebles,

    Are you criticizing the FDL people, Schiff, libertarians? I am confused by your comments.

  5. "by attacking government he is attacking our only hope"

    these guys need serious help.

  6. One problem with your blog comments: the banksters own most all of the gold and silver and will take what they don't have by force, like 1933. Schiff is probably related to Jacob Schiff of Schiff Warburg and he wouldn't have got as far as he has unless he was one of them!!!

    So let's bring on the privitization of all remaining social serviceslike Schiff and his ilk want by eliminating all government so the banksters don't have to rely on agents to collect their fees. We can pay them directly!

    What a great idea!

  7. Firedoglake is okay by me. I have listened to some of Schiff's lectures. He is still for big business and for himself making unfettered money, but he's not for the average worker. Some of what he says makes sense but, if he'd won the nomination, he'd be screwing us like the rest of the banksters.

  8. I think it is important to recognize that invariably every single opponent of Austrian school thinking is a dishonest intellectual eunuch. It's fun (but creepy) to track their ignorant rantings but essential to remember that they NEVER have the slightest understanding of or insight into even a bare outline of our position.