A Minute with Peter Schiff: The Internet star, potential Dodd challenger and talking head elaborates on his philosophy

Originally Published In:

Fairfield County Weekly (3/12/09) Link, New Haven Advocate (3/12/09) Link, Hartford Advocate (3/12/09) Link

Peter Schiff

By vocation, Peter Schiff is the president of brokerage firm Euro Pacific Capital, and as we chatted in his Darien office, he had the occasional client meeting or other business to attend to — and he also had a radio show, a Forbes interview and a CNN show booked for the afternoon. We even paused our conversation for him to do a 10-minute radio interview over the phone.

Why all the media? Largely, it is because Schiff was one of the few to predict the economic crash — he even wrote a book in 2007 called Crash Proof: How to Profit from the Coming Economic Collapse. A video called "Peter Schiff Was Right," collecting many of his early prognostications with the mocking, incredulous responses from talking heads, has become an Internet meme.

A recent independent movement has been launched to encourage Schiff to run for Senate in 2010 against incumbent Democrat Chris Dodd. If he won, he'd knock out the chairman of the Senate Banking Committee. As a former adviser to Ron Paul, Schiff shares many of Paul's libertarian views and supporters, but he has not yet decided to run, saying such a decision is at least a year away.

But though his economic views are widely known — no bailouts of any kind, let companies and banks fail, abolish or alter the Federal Reserve, return to a currency backed by gold, phase out FDIC insurance, etc. — his other political views were not as well known. Until today.


Maymin: What would you do as Senator? What needs to be done?

Schiff: The thing that the U.S. government needs to do is shrink — at least by two-thirds. What I would try to do to help the American people is to cut as much government spending as I possibly could. I would shrink the military dramatically. I would try to take our troops home from wherever they are around the world and just try to have a military that defends the borders of the United States.


So take them home from Korea, from Germany, from Iraq and Afghanistan?

Just have our military here. Protect the coasts. We don't need to police the world. There might be a couple of small strategic bases, but we don't need to have people in Western Europe. They're still in Germany. What are we doing in Germany? We don't need all these troops there. So I would take them home. We gotta abolish a lot of departments, like education, energy — all these departments just need to go.



Yeah, labor. We gotta abolish them. We gotta fire everybody that's working there. We've got to dramatically reform and phase out entitlements like Social Security and Medicaid. Try to find a way to pay something to people who that's their only source of income, but certainly guys with means, certainly a Warren Buffet or anybody with any decent wealth, has no right to a Social Security check. So try to find a way to phase those programs out, and just dramatically shrink government. Repeal a lot of unnecessary and burdensome regulations.

I mean, look, we've got the SEC. Get rid of it! ... Look at Bernie Madoff. People have gotten their life savings destroyed with Wall Street with the SEC protecting them, with FINRA protecting them. What the hell do we need these entities for? Get out of it. Let the free market function. Let the people do more due diligence. I'm sure that if there were no SEC, Bernie Madoff never could have existed. Because it was the SEC auditing him and saying that he was okay that made everybody think, "Oh, he must be good. The SEC is auditing him; he must be legit." There's no way he could have pulled off that Ponzi scheme without the SEC. Because people would have done their due diligence.


Shifting gears, how do you feel about civil liberties, the Patriot Act?

It's a disaster. There's nothing patriotic about it at all. Obviously it's an unpatriotic act. It is the one of the most unpatriotic pieces of legislation they've ever passed.


How would you feel about the Fair Tax, a national sales tax to replace all federal taxes?

We should abolish income taxes entirely. We should abolish payroll taxes. I think it is ridiculous that American citizens have to keep records, have to hire accountants, have to go through all this effort to pay their taxes. So we need to abolish it, and the government needs to collect revenue when we spend money, not when we earn money. And it's very simple. Just put a tax on every transaction. The rich will pay more than the poor because they spend more than the poor. There'll be no tax evasion. There'll be no underground economy. Everything will get taxed. But it encourages savings. So if you earn a million dollars and you don't spend any of it, if you put it all in the bank, and therefore it's available to be loaned out to entrepreneurs, you're not going to pay any taxes. You're not going to pay any taxes until you try to enjoy your money.

Which is fine, because if somebody is earning millions of dollars and living in a little shack and not spending anything, he's like a saint. He's basically a benefactor. He's just putting into the economic pot and he's not taking anything out for himself. Why should you tax that guy? That's better than charity. That's the best thing you can do for society ... And the reforms we need for health care. We just need to go back to get[ting] the government out of health care. The only insurance that people should have for health care is catastrophic major medical, which is inexpensive and everybody can afford it, and it should have nothing to do with your job, it shouldn't be provided by your employer — you should just buy it. That way people will take care of themselves and the hospitals — if people are really too poor, there'll be plenty that are charitable.


Why would you run as a Republican, not a Democrat?

It seems that philosophically I've got more in common with the Republicans than the Democrats.


Current Republicans?

Well, the Republicans talk about smaller government, less government. They don't govern that way but at least that's their rhetoric. Take out the religious elements — where I'm not necessarily on board — or the social conservative aspect, but the small government wing, the Ronald Reagan, Barry Goldwater types that are in the Republican party, they're not in the Democratic party. There's obviously Republicans that still believe in small government, in sound money. It's just none of the elected officials ever govern that way. That's one of the reasons you really need to put some people in office who really don't want to be in office. They're just there to do a job and get out. And the job is of dismantling the government and shrinking it and restoring it to its proper function.

aw i didnt know mr schiff

aw i didnt know mr schiff liked the sales tax. no tax evasion? no underground? so not a single person anywhere would sell an item to another and not report the transaction to uncle sam? hmm

second best...

I am not sure but I think he would call it a second-best option... he would prefer no taxation... as he says, it is the spending that is the primary problem. If the spending were shrunk by two-thirds or more, we could probably get by even without a fair tax. At least, that's my interpretation -- it's not that he wants the fair tax, it's just that he would prefer it to our current system.

Sales taxes

We must never again pretend to give the federal government a license to steal.  That's how we got here.

I'll volunteer for this guy

I'll volunteer for this guy if you will.  :-)

Comments from Fairfield County Weekly

Excellent interview! Schiff makes so much sense; and yet none of our politicians think like him.
Posted by LongIslandBubble on 3.10.09 at 13.19
I would beg to differ with the laudatory tone here. Schiff got many predictions wrong and his father is in jail for being a tax protester/cheater.
As for public office, he is so anti-American in his views, I don't see what that would accomplish.
Posted by Robert on 3.10.09 at 16.30
Schiff would be a great addition to the US Senate.
Posted by Bob T on 3.10.09 at 17.16
Robert you sound like a neo-lib fascist.
Posted by Nick on 3.10.09 at 18.09
@Robert: So you're saying he's not a fascist neo-con? Sound's like a plus to me!
Posted by Kam on 3.10.09 at 18.38
Schiff is far too honest to go anywhere in politics.
Posted by sean on 3.10.09 at 19.05
More straight talk. Love Peter Schiff
Posted by usa4life on 3.10.09 at 19.18
I'm a disabled veteran, and I would do whatever I could to support Peter Schiff in a Senate run. The biggest issue facing ALL Americans is a government gone wild. It is too big, too active, and all of our problems can be traced back to that. The government drives up the cost of healthcare, by not allowing free entry into the marketplace, and then by subsidizing both the providers and the users. This prevents the market from setting real, i.e., market-clearing, prices. The government has now done to housing the same thing it has done to healthcare.
Posted by Mark Anderson on 3.10.09 at 20.27
Excellent interview! Schiff makes so much sense and yet none of our politicians think like him. The reason for that is that most politicians have never done anything other than suck off the government tit. They don't know how to run a business, heal the sick, educate a child or even run a nation. Now they want to run the economy, change health care, reemphasize education and rebuild America. Schiff is educated about money, finance and business, he has useable skills that many of our politicians just don't have.
Posted by Rayme on 3.10.09 at 20.27
I didn't here anything about more bailouts, mortgaging the future, more anti-Constitutional legislation to protect from the very scary terrorists we let into our country unmolested across our southern border....Nope, he's going to have to show some spinelessness, some elitist looking down your nose on the peasants with just a touch of disdain for Americans look and that fat, sweaty, just sold my soul for 30 pieces of silver persona to get elected.
Nope,no penny on the dollar giveaways for me and mine, no vote.
Posted by IraqWarVet on 3.10.09 at 20.31
Sounds like Schiff is an atheist. Definitely a plus.
Posted by brass on 3.10.09 at 21.12
Peter Schiff suffers from the same weakness of many Libertarians, in that he doesn't propose a larger solution than just slashing the size of government. However, it isn't really much of a weakness, because there's nothing a politician could do in America today that would be more beneficial to Americans than basically eviscerating government and returning to the constitution. However, it would have to be done in such a way that corporate power would not fill the vacuum. It would have to be an indiscriminate reduction, not just cutting some things but leaving the others that the powers that be find too useful to let go of.

God Bless Peter Schiff, and God Bless his father for refusing to pay blood money to support war and terror.

Posted by Sasha on 3.10.09 at 23.17
Well at least he's talking some sense about the central government bloat. Dodd and the rest of the elitist idiots in Washington have been holding offices how many years? And we're in this mess? Maybe it's time to get rid of the whole bunch (why wait until 2010?) and try someone like Schiff. The ship is sinking now, what's to lose?
Posted by MiBu on 3.11.09 at 0.47
Robert wrote:
"I would beg to differ with the laudatory tone here. Schiff ... his father is in jail for being a tax protester/cheater."

I did not know that. Now I admire Peter and his father even more! Thank you so much Robert!

Posted by Revolutionairy on 3.11.09 at 1.12
Peter Schiffs father is NOT in jail for cheating the government. He's in jail for attempting to not let the government cheat him.
Posted by Ron on 3.11.09 at 2.33
Schiff is right about cutting Gov down to 1/3. One commenter here mentioned a vacuum being created that would be filled by corporate wolves? In my opinion, that is exactly what is needed. Let private enterprise fill that vacuum and you'll notice those very same services are now being provided more efficiently and at a far lower cost to you. Unhindered (meaning non-regulated) competition for that market share of services is exactly what should happen. When businesses compete on a fair playing field the consumer is the one who wins. American history is replete with examples of brilliant enterpreneurs who really deliver. Let them run the show and we'd all be better off.
Posted by Steve on 3.11.09 at 3.51
Part 2. After all, who do you think can deliver a product or service to you that you would buy? A lawyer/politician, or an enterpreneur?
Posted by Steve on 3.11.09 at 3.55
That some would think these ideas are un-american shows just how far this country has fallen intellectually since these same ideas were the great foundation of this country.

Too many complain that libertarians or small government types only offer up the idea of cutting government without other details of how things will be handled. Thoughts like these only show how chronically dependant some have become on the actions of government to placate their fears of the unknown. If you do not own a business or manufacture a product then you really have no idea what it takes. But at the same time, you don't demand that your ignorance be eliminated in minute detail in order for you to trust that a item will be available when you go to the store. Demanding that every aspect of society in which government now intrudes be addressed by some alternative from the free market only shows the ignorance of the free market process. When government is dismantled, those services that are still required (and that list will likely be much shorter) will be addressed by those with the talent and the skills and the vision to do it profitably or charitably. There is no need for a candidate to address this in detail. Central planning doesn't work, and we should not want a candidate who will detail their plans for making the market address these items - that is the mark of a totalitarian, not a supporter of freedom.

Ron Paul and Peter Schiff suffer from the same problem. They have principles that they will stick to. Americans don't seem to like that in a candidate. Good luck Peter, count on my support.

Posted by MrLiberty on 3.11.09 at 4.24
HELL YEAH, Peter Schiff's supporters are growing by the day because more people want smaller government by the day. Get government out of our lives. Anyone clinging to government for protection or to sustain their lifestyle is cowardly and afraid of taking responsibility for their own lives. DONT TREAD ON ME. Infowars.com

Posted by mike on 3.11.09 at 4.51
If Schiff runs for the Senate, I WILL send him money -- and I'm a cheap-ass SOB!
Posted by Steve Victor on 3.11.09 at 5.02
I was naive and ignorant until I read Irwin Shiffs books exposing the nefarious ways of "the band of thieves writ large." Peter has the passion of his father, it seems, but he has chosen a different tact. It is unfortunate that he would have to join the parasites in order to help put a rein on them. Maybe he could have enough influence to help right the injustice of his father being incarcerated.
Posted by Mke on 3.11.09 at 5.03
Schiff & Paul are Gods!
Posted by Eddie on 3.11.09 at 5.15
I work in a school system. In this school system I work at they have a federal project manager (basically she handles all federal money inflows) - which really means filling out the boatloads of paperwork to get it. She makes around $70,000 base salary and pretty much is 3rd most powerful employee in the district. The education department (federal) will never go away. There is so much brainwashing related to education that it has become untouchable (think angry youth mobs).
On a side note, the other day I heard a female dean say to a male student "You better start respecting women, as we are taking control of everything." Socialism is wonderful and it is already here. Long life the great USSA! All hail the Messiah! That is, until it collapses, which it will (it always does).
Posted by Kevin on 3.11.09 at 5.57
If you like Mr. Shiff's brain please Google "Jim Rogers." He's got a brain as well just like Ron Paul and many others. They just get marginalized. Peter's dad Irwin is also my hero. Love his books too! American Liberty and economics is so simple. The only thing that complicates it is powerful elites mucking it all up. Peter and Irwin have my support. You are welcome at my home anytime.
Posted by Patrick Henry on 3.11.09 at 6.01
If you enjoy Mr. Shiff's brain please Google "Jim Rogers." He's got a brain as well just like Ron Paul and so many others. They just get marginalized. Peter's dad Irwin is my family’s hero. Love his books too! American Liberty and economics are sooooo simple. The thing that complicates it is pompous & power hungry elites mucking it all up. That’s not what America is?! Peter and Irwin both have my support. I’m happy to have found them and they would be welcome at my home anytime. Maybe they could autograph our books!
Posted by Patrick Henry on 3.11.09 at 6.11
"...his father is in jail for being a tax protester/cheater"

I like the guy even more now... Seriously, maybe Obama will ask him to join his team of advisors / tax cheaters.

Posted by A Train on 3.11.09 at 6.30
Excellent interview. Peter is quickly becoming a star as the recession deepens. And he is right, if he did get into the senate and cut government, it would be political suicide because of the prevailing ideas of socialism that have grown with the victum mentality that has been used for political gain, at the expense of the wealth of out great nation.

It is still a very long shot for Peter to win, unless the nation takes a big change in its thinking.

Posted by Curt on 3.11.09 at 6.38
Hooray for Peter Schiff. I remember listening to the radio in the 1940s and hearing John T. Flynn's flinty voice excoriating the New Deal. Now I have the immense boon of watching the podcasts and writings of a man as redoubtable as Flynn. Improve the Nugmeg State: Elect Schiff!
Posted by Daniel Bonner on 3.11.09 at 6.39
Peter Schiff would be a great replacement for the badly corrupt and incompetent Chris Dodd. Peter is brilliant when it comes to economics, he's totally straightforward, and he has real solutions for the country's most pressing problems.
Posted by Lisa on 3.11.09 at 6.44
Peter Schiff is the exact opposite of "anti-American"! He, his dad and Ron Paul are true PATRIOTS who want to replace big government with the most noble idea to ever exist: Individual Freedom. The reason our current class of politicians would never go along with the idea of smaller government is very simple: it would take away their power, which is the only reason they run for office. They have no desire to make America a better country, they are only there to increase their wealth and power. Fox example, Tom Daschle made $5.3 MILLION dollars working as an "advisor" to special interest groups after he left office (which is not the same thing as a Lobbyist! wink, wink!).
The question is how long will Americans allow this to continue... I know what our Founding Fathers would do... but what will "we the sheeple" do?? If you get tired of watching Obamba on TV announcing yet another program designed to run out country farther into the ground, check out the most recent videos featuring Peter Schiff, Ron Paul, Jim Rogers and Marc Faber at:
Posted by Painesright on 3.11.09 at 6.56
Mr. Schiff is never going to run for office, this is just a way to get more pub for him and his firm. If someone else pays for 101% for him to run and lose then maybe, he willl not put 1/2 penny into it. Its not his views that people get turned off to, its his anti-social, irrational, greedy, crazy personality. Those behind the curtain know the truth.
Posted by Michael Lentz on 3.11.09 at 7.00
Robert, Schiff's father openly protested and refused to pay the income tax and they put him in jail. Ghetner tried to hide his nonpayment of income tax and they made him Sec Treas!?!?
Posted by Greg on 3.11.09 at 7.24
he would get my vote.
Posted by tom on 3.11.09 at 7.32
Mainstream America used to be God fearing ass kicking and hardworking. Now most are sniveling, whining, lazy and dependent on free hand outs from the government. I love Peter Schiff's views, execpt his unbelieve in God. But he is still young.

Posted by Todd Stumo on 3.11.09 at 7.32
If personal responsibility, individual freedom, self-reliance, hard work, honesty and thrift are now considered "anti-social, irrational, greedy and crazy", then color me all of those things too. Peter Schiff and his dad are great men. Go back to your gov't cheese puffs and Huffpo.
Posted by Painesright on 3.11.09 at 7.36
Just for the record (though i am a visit to europac.net would be better) Peter Schiff is for complete government non-involvement with the market. So that means no to bailouts and no to corporate welfare.
Posted by Chris on 3.11.09 at 7.39
Best of luck to Peter. I hope he runs, and more importantly, wins. Even though I'm not a resident of Conneticut, I feel like I'd have a little more representation.
Posted by Amber on 3.11.09 at 7.40
m . lentz, your comments like you are FOS
Posted by dan on 3.11.09 at 8.06
Well if he was jailed for protesting America's tax binge, he has done a duty. You have obviously never read Henry David Thoraeu.
Posted by Phil on 3.11.09 at 8.10
God Bless Peter Schiff
Posted by Ben on 3.11.09 at 8.17
Peter's philosophy is a breath of fresh air in a world of fraud, corruption, coercion, deceit, oppression and murder. But there is an unholy alliance of government, banking, big business and organized crime that needs to be routed in order to restore liberty and prosperity to the people. We have a long road to travel. Electing Peter would be a good first step.
Posted by erik on 3.11.09 at 8.27
Schiff has the same principles as Ron Paul, but in my opinion, he's a much better communicator, especially on TV and video. Paul is pretty good, given a chance to speak without interruption. Schiff is totally unflappable and can handle anything thrown at him with ease. He handles short sound bytes wit great skill. His analogies are memorable. He would be a nightmare for Dodd. His father is a pillar of solid American principles, whose only "fault" is too much idealism.
Posted by the Viking on 3.11.09 at 8.30
It sounds like he is FOR a Nazi sales tax. Where the Federal Government would have to require records of every single item every single American buys and sells to enforce it. Oh sure, it wouldn't be like that at first. but.... Or maybe he is for the Automated Payment Tax, where you tax every check that gets cashed / deposited a tiny amount. I am all for that system.
Posted by JOhn on 3.11.09 at 8.37
I'd send Schiff money in a heartbeat if he ran for election. Unfortunately, I think he'd have slim odds. In today's political/economic climate where everyone, especially most victims of public "education" see massive government intervention as a necessity. Further, I always see "tax evaders" as heroes! How can you hate a guy who won't let someone steal from him? How utterly bizarre to think that Irwin Schiff - Peter's father - who's in jail for avoiding that governmental theft of his money, is a bad person??? That man is a hero. However, most people do not think like this. If Peter Schiff were to run, I fear it'd be alllllll over the news CONSTANTLY, "This just in on CNN, son of infamous tax cheat Irwin Schiff, Peter Schiff will be running for senate against incumbent Chris Dodd." "So, tell us Peter, your father is in prison for tax EVASION. Do you share his feelings?" "Are you just holding some grudge against government because your daddy is in jail?" And on, and on, and on.. I hate to say it, but the majority of us are too stupid to elect such an obviously qualified and intelligent man. I'm now a firm believer that nothing truly good will happen until we've achieved a full collapse in this country. Whatever and whenever that may be. For now, pessimism is the rule.

Posted by Andrew76 on 3.11.09 at 8.57
Would like to see him as Senator instead of Teddy Jr, but I doubt he'd make it past the primaries. Especially if Simmons decides to run. Connecticut is too moderate, in the conventional sense of the word and that's not a compliment, to elect someone like him. Hope I'm wrong, but doubt it.

And as far as replacing the income tax; you'd have to repeal the 16th Amendment in order to be certain and then pass another amendment to bring in a national sales tax or anything like that; that is if you want to actually follow the rules. Easiest thing would be to return to the original system and allow the states to determine revenue collection.

Posted by Andrew on 3.11.09 at 9.09
What great responses to all the questions! I am in total agreement--if we could only get the silent majority to wake up and realize the power to accomplish these things.
Posted by Wanda Owens on 3.11.09 at 9.20
Peter Schiff should get involved with the New Hampshire Free State Project, I think that's the only way we will actually be able to attain a true Free Market in our lifetime, and by doing so prove to all the government apologists how well it can work. The capital markets would speak so quickly, residents of NH would see such an increase in their standard of living, that other states would likely follow on the road of Liberty.
Posted by William Merrick on 3.11.09 at 9.43
Peter is a true American! I'd even consider moving to CT just to vote for him.
Posted by jay on 3.11.09 at 10.12
As stated previously in my comments, I agree with Peter. It always amazes me when I hear comments like Ron's. Obviously he has been totally brainwashed and hypnotized by the national media, that he cannot investigate things on his own. It is pitiful that he tries to discredit Peter by way of his father. I . too, admire Irwin Schiff--he is a very brave man and I hope that one day he will be vindicated-he certainly deserves it. Any one who has experience the court system with regard to the tax situation, would realize how it is stacked against the average person. We are dealing with very powerful people. I support Peter in changing America to the country it once was--the land of the free!
Posted by wanda on 3.11.09 at 10.25
"However, it would have to be done in such a way that corporate power would not fill the vacuum. It would have to be an indiscriminate reduction, not just cutting some things but leaving the others that the powers that be find too useful to let go of. "

Sasha is right. The problem with strict Liberatarian policies is that corporations will quickly fill in the power void and that might be worse than the government. In fact, that is exactly what we have (corporatocracy) where even our military has become privatized. The best mix is to have limited, constitutional government where entrepreneurs are allowed to flourish but where consumers can go to court to vindicate their rights if wronged by big business.

Posted by Publius on 3.11.09 at 11.21
Peter Schiff is the man. I watch all his latest videos at www.FinancialBreakdown.net
Posted by Sebastian on 3.11.09 at 11.46
Death to the Fascist Left that feeds upon the people!
Posted by Whatever on 3.11.09 at 11.49
Peter, may I make a suggestion? You have far more in common with libertarians than you do republicans. You have the money and the name recognition to run and win a senate seat as a Libertarian Party candidate especially if you have Ron Paul's endorsement.
Posted by Rocketman on 3.11.09 at 11.51
For those who still haven’t figured it out… may I politely suggest… a few good books to help set your mind on a new course of thinking… connecting some dots; while making up your own mind! I agree with the others …the public has been brain washed to the MAX! YES, I’m sorry…. but education of the mind does take some actual, real, personal time and due diligence. One could start with Peters Book itself – “Crash Proof” … move to – “Web of Debt” - by Ellen Brown, or the “Creature from Jeckel Island” by Ed Griffin. Try – “Cracking the Code” by Peter Hendrickson, or “High Priests of Treason” by Melvin Stamper, JD, . Any of these will help set one’s mind to thinking about the economic, banking, factors and the private elitist banking cartel; who’s behind it and how we arrived at the mess we’re in. Then, one really needs to address the rampant corruption in our great body of 437 elected and appointed souls that control all the rest of the 360 million or so of us. Our supposed “HONEST” Government…. Smile… Dozens of places to start here! Try – “Confessions of an Economic Hit Man” try – “Constitutional Chaos” by Napolitano. Try - “Emerging Viruses Aids & Ebola” by Len Horowitz or watch “Beyond Treason” the DVD…. And if there are still any lost souls that haven’t really looked into the objective facts and data available on 911 maybe it’s way past time to actually do so …as hard as it is; one might actually see a different truth … The “Official Story’“- does not, and cannot exist in the authentic world of objective, factual, scientific reality and truth. “It” is; the actual - “Conspiracy Theory”. The voted on - non-read, last minute substituted replacement for the original Patriot Act didn’t just happen by accident. And neither has the loss of our Constitution, the Bill of Rights and this country’s Sovereignty! One might also want to take a quick glance at the U.N – F.D.A. , agenda; the coming soon, loss, of our “personal” -free choice in our own health care! Rapidly coming down the pike! (SEE - the CODEX – ISSUE.) Not to mention the silent but incessant creeping increase of FORCED mandatory vaccinations on both children and adults and the rapidly moving “government” socialist agenda already enacted in 34 states, for soon to be required - mental health screening on 60,000,000 school kids and 6 million adults…now expanded to 25 government agencies! UNLESS, the American people wake up! National Animal identification tags - ??? National ID cards! Go Ron Paul. Go Peter go Dennis K. The nation and the Republic, need s them badly. It’s encouraging to see so many informed souls on this site.

Posted by R on 3.11.09 at 11.56
Link above is wrong...here's the correct link


Posted by Robert on 3.11.09 at 12.24

Posted by Robert on 3.11.09 at 12.25
I agree with sean. " Peter is to honest to go anywhere in politics". Forget the senate, replace Barrick in 2012. work on government accounting and practices mentioned in Crash-Proof.
Posted by mark kester on 3.11.09 at 12.30
Well said Peter!

As far as being anti-American, what a crock! Peter loves this country...he just hates what people are doing to it. Just because he doesn't want to reward bad behavior and because he opposes much of the US goverment action doesn't mean he's anti-American.

Posted by Gary on 3.11.09 at 12.49
Schiff and Ron Paul understand the Austrian School of economics, and both are baasically libertarian. Schiff is more forceful and articulate than Paul.

There's no way he could get anywhere in politics until our economy completely implodes and there's a popular revolt. We need to throw out the likes of Barney Frank, Chris Dodd, Nancy Pelosi, etc. Schiff understands what the Founders intended: Have leading citizens serve one or two terms in Congress and then return to their businesses, professions, etc.

I could support a Palin/Schiff ticket in 2012, if we still have a republic with a functioning economy by then.

Posted by Monnie on 3.11.09 at 13.50
Schiff is great, along with Jimmy Rogers, Gerald Celente and Michael Pento. We are going to have a tsunami of economic chaos coming along with possibly a dollar collapse. Print your way to prosperity? Sure why not. Me I listen to Hayek, Rothbard and Says. You can have Keynes and Krugman. Good luck!
Posted by jason on 3.11.09 at 15.55
I agree with everything he said. However, come on, why would he waste his time jumping in bed with a gang of thieves and war criminals. And so what if his father is in jail. Most of the U.S. congress should be in jail.
Posted by steve cornell on 3.11.09 at 16.01
How do we get the word out to the American people? Will it take civil unrest in this country to get us back on track? We need a modern day revolution to force Wahsington to listen!
We couldn't agree more wiht the tax discussion! As far as all the military we have around the world - bring them home! Protect our borders, we don't need to babysit the world. Is the military afaid of loosing their jobs too? Are they willing to push to stay on all these bases around the world while our nation falls apart?
Posted by Pia Brauser on 3.11.09 at 16.36
This country "can't handle the truth"! Don't worry, the military complex wil start another war on some poor defenceless country like Afganistan & scare the bejesus out of everyone!
Go Peter, go Ron, go Rogers you are TRUE PATROITS
Posted by moman on 3.11.09 at 17.22
if he can't be voted in to the senate then let him take up his gun with the rest of us. he sounds ready and willing.
Posted by bill e bob on 3.11.09 at 18.19
The socialists will have to destroy a good part of the economy, the country and the hard working people of this country before America realises that someone like Schiff is needed.
Posted by Fino on 3.11.09 at 20.02
Wow . It warms my heart to hear so many people out there are finally waking up to the TRUTH!

I have listened to Peter Schiff and his DAD (MAJOR PATRIOT) and Ron Paul Lew Rockwell and the rest for years and back then everything they said was derided on a blog like this.

I was depressed and dissappointed by my countymen back then. Now I am seeing a glimmer of hope on the horizion.

But we must not just type! Get out there and spread the message of Peter Ron Paul and liberty!
Tell your friend and families, heck tell strangers. Stand up to the Government claptrap. Call into Sean hannity and Rush Limbaugh. Flood the lines with the truth to these Neo-con puppets! Republicans have been brainwashed by these fools for years, wake them up! Tell them that "c ompasionate conservatism" is just socialism and that aggressive foriegn wars are NOT what the republican party is supposed to be about. The Neo-cons who drove us into these disasterous wars are actually LEFT WING warmongers who switched to the republican party and turned it into the pro war party.

We need a true return to liberty and small government as the MOST IMPORTANT issues in a canidate.

Stop voting for the lessor evil, there is NO LESSOR evil. There is only evil and good.

Posted by Wes on 3.11.09 at 20.04
The GOP needs to wake up, realize who its true constituency is, load up its 2010 slate with candidates like Peter, and clean Pelosi's clock.
Posted by marty on 3.11.09 at 22.30
i prefer schiff over paul to be honest. Schiff is more charismatic leader.
Posted by dark on 3.11.09 at 23.46
...his father is in jail for being a tax protester/cheater.

Now there's a real Patriot; he should be invited to a Tea Party when he gets out. In Roman times, they would have nailed him to a cross.

Posted by Mark V on 3.12.09 at 0.57
What's his father's behaviour got to do with him? Shallow thinker. Schiff may be wrong on some things but the essence of what he says is based on common sense, fairness and morality. Those attributes helped found your great country. You have been hoodwinked by the banksters. Where is your honest money?
Posted by tom on 3.12.09 at 2.25
Peter Schiff's father is a brave man and a hero.

Most American's today are too cowardly too fight for their Liberty. They've had it too easy, for too long. Hopefully, now that it's all coming to an end, they'll wise up.

Posted by Tom on 3.12.09 at 3.29
Robert on 3.10.09 at 16.30

So Peter's father is in jail? Ah what has that got to do with anything. It is an offense to blame the son for the father's sins.

"You cannot legislate the poor into freedom by legislating the rich out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything the government does not first take from somebody else.
When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend is about the end of any nation. You cannot multiply the wealth by dividing it."

Dr. Adrian Rogers

Posted by Damo Mackerel on 3.12.09 at 4.51
Peter never said he didn't believe in God. What he did say was that he wasn't on board with religion. I believe he was referencing the religious right of the Republican Party.

I respect that position. I am a Christian but I do not support the policy requests of the Religious right. I believe since Christ gave me free choice, who is the government to take that away?

Jesus wasn't on board with Religion either. The sooner people realize real salvation is between themselves and the Almighty, and not a prize doled out through subjecting others to your erroneous beliefs, the sooner we can all get to respecting individual liberty, and enjoy real prosperity.

Posted by Carl DiMuzio on 3.12.09 at 5.05
"I mean, look, we've got the SEC. Get rid of it! ... Look at Bernie Madoff. People have gotten their life savings destroyed with Wall Street with the SEC protecting them, with FINRA protecting them. What the hell do we need these entities for? Get out of it. Let the free market function."

Amen, brother! Also the DEA. I mean, drugs are flowing into this country every day. What is the DEA doing???? Get rid of it! Same for the Border Patrol! Last I checked, it has not stopped illegal immigration. Get rid of it! Are people still the victims of crime in our country? Obviously the FBI and police are not protecting us either! get rid of all of them and let patriotic US citizens and private companies take the law into their own hands!

Posted by burt on 3.12.09 at 5.17
Don't forget to support Ron Paul's son, Rand Paul, for Kentucky Senate in 2010. REVERSE THE TREND!
Posted by Justin N. on 3.12.09 at 15.40
This is true, grass roots support, the likes of which I haven't seen since Ron Paul. I sure hope he runs.

It can be frightening to imagine no government, but I believe what will happen with a smaller government is people will solve problems on a local level. Information sharing is so easy nowadays thanks to the Internet -- any expert you want is at your fingertips.

What Schiff doesn't mention is that corporations get so large and powerful as to become quasi-governmental. Large corporations need to be reigned in as well.

Posted by Rob on 3.13.09 at 2.07
Where can I send you money?
Posted by Larry Bartness on 3.13.09 at 13.48
Draft Peter Schiff for US Senate

Feb 22 2009 Money Bomb raised over $22,000

Posted by ed on 3.13.09 at 17.49
I'd be interested to hear Schiff's views on the environment and the role of government.

Schiff is obviously libertarian. I myself have been a registered, voting Libertarian for 30 years, on civil liberty grounds. But the traditional Libertarian platform position on the environment is to abolish environmental protection laws and let private citizens harmed by polluters sue them for damages in court. (http://www.ontheissues.org/Celeb/Libertarian_Party_Environment.htm)

This is unlikely to be an effective system. Is the threat of my small suit going to deter an industry from overfishing to the point of species destruction? Will the prospect of possible legal suits 30 years in the future, after coal burning power plants have contributed to global warming, really cause that industry to reform now before it's too late? The problem with the Libertarian position on the environment is that remedies can only be taken after the damage is done, and then only with respect to liability. Libertarianism is a virtuous political philosophy, but like most political philosophies is only practical when exceptions are made in recognition of feasibility. For example, free trade is great and should be unrestricted as far as possible, but most people recognize that anti-trust laws are necessary to prevent the extreme monopolistic stifling of competition.

Mr. Schiff's firebrand declarations are red meat (to me) and founded on worthy guiding principles. If he is going to govern, I'd like some indication that he recognizes the danger of uncompromising ideology - of any sort.

Posted by Erik on 3.14.09 at 14.43
Peter, you are ver estute in our need for economic survival. And your advise for the Health care system is right on. My thought to add to yours is to make HSA/IRA plans and for the poor, let the States do their duty by constitutional powers separation, which makes all the nany state socialism as to being a State's responsibility. If a National program is wanted or is better fiscally, le tthe Board of Governors provide it in a voluntary to each State choice.

As to the changing of the tax structure, please find the below the answer as to why we need the Fair Tax Plan yesterday. Get those powers defined by the constitution adjusted to consitutional good behavior and our Naitonal sales tax would drop from 23% to say 4%. Note that the first part of below speaks to the last vestage of industry we are about to lose in America, making us a third world naiton overnight. The last part speaks to how we got here and where we need to go fiscally:

Why car companies are struggling:

Remember a decade ago or more, when General Motors took the profits from North America and put them into Europe? Then about ten years later they declared the North American branch as failing, to not have enough cashflow? Why would they make such a move? Could it be the high corporate production tax in this Nation?

How does any company compete with a foreign market when saddled with a Federal Corporate Tax of 35%, State Taxes, in Michigan 22%, while the imports come duty free and no tax overhead? If Congress would simply stop playing possum with our lives and get some backbone, they could pass the Fair Tax Plan www.fairtax.org . That would remove from the cost of the product not only the corporate Federal and State taxes, but a host of expense tax, including the matching social security and payroll. The fair tax would put an fair equal tax distribution on all imports of 23%.

The Domestic car would be a wash in cost to the buyer in America and would be much cheaper to export. The cost of a car would drop about 22% and that would make the foreign market have to compete at the lower price. Sure the American will have to pay taxes as they are right now at about the 22% hidden tax in products bought from local production and from foreign production.

What would be the result of reducing domestic product price 22% and then tax all products foreign and domestic 23%?

We need the consumption tax yesterday, the day that they made policy of Free Trade. This is why our manufacturing left us to go overseas so that corporations could move there and create two markets, overseas and imports to America. Time is up. America is done bailing out the rest of the world in creating wealth. It is time we bring home our jobs and boost our still surviving ones.

Yes, a loan to the Auto Industry makes sense. The giving away of money by the Feds to money tycoons doesn't. What is wrong with our Nations Leaders. Maybe we should vote all incumbents out who don't support the Fair Tax. The car industry will retool and will help us rid ourselves of foreign energy which will in turn revive our economy also.
Where did we go wrong:

Before W.W.II this Nation was a closed market to imports. The framers of our current tax structure did so under the Americans consuming only domestic manufacturing, I imagine using the production tax system as a convenience since the bookwork was already in place and under management control. Then we opened our trade to Japan, making for free trade. This gave the American consumer a boost to their cashflow, making for more spending in other areas and those we lost a few jobs, the increased cashflow produced many more jobs.

President Reagan then introduced free trade to the world and opened our border to duty free import. NO thought was given to the production tax structure in place and the new surge of cheap goods made for even greater prosperity to the American consumer, while again eliminating some jobs, but at the same time we had new technology introducing new avenues of employment, thus the excise production tax on domestic production had minimal effect. During the period after, companies were being cannibalized for short term profit as their competition from imports was cutting into the profit margin and causing little advantage to stay in business. These companies were closed, jobs being eliminated, as the scavenger Companies bought them up and sold them for parts or took the parts overseas to open up manufacturing to import and feed the open accounts of buyers of the closed companies products, in a duty free, production tax free advantage and at a high markup profit.

The slow demise of manufacturing in America has grown and the need of social programs from the Federal Government to prop up the American dream continued to grow, expanding deficit spending and hidden inflation. This perpetuated the domestic excise production tax, furthering the handicap of American manufacturing. The need for additional income into Families also grew, demanding more then two spouses could produce to keep up with the standard of living and regulations and license fees, insurance costs, to a point where a majority of Americans are now in a fiscal struggle living paycheck to paycheck, if working. Jobs have become hard to find, many being entry level service jobs without any ability to advance or receive adequate wage. Jobs are at a premium, even with a low reported unemployment level, which does not report and hides many who have slipped from the employment rolls due to years of job seeking frustration, especially in the urban and rural areas.

Now we find ourselves being tempted into becoming what we fought for years with our own blood to push back, fascism, Communism and the Tyranny of Government, with the promise of fiscal security. The American Dream is on life support in need of a true free market, one of which fair trade exists. The cost advantage of foreign imports over domestic by continuing with a production tax is about 22%, the amount of hidden tax in domestic goods.

Time is of essence, that this very hour, this Nation is about to fall. The World Government proponents are about to make their final push for world dominance through one world currency. The Marxist of the world have moved into leadership positions in coalition with the One World Shadow known as RHINOs, the pawns of the One World Government advocates. The old media has joined or is owned by both powers and is a major instrument of this Coalition and is making for a unique threat to the U.S. Constitution.

The only way to prevent the above from fulfilling their mission to dominate this Nation and the World is to offer change to the American worker and Family a grand demand for their employment, jobs, jobs, jobs. Only then will the chain of despair be broken. The Conservative Movement must center all it's will on fixing the failing tax and trade structure of this Nation. We must lay down the plank of the Fair Tax Plan WWW.fairtax.org to the Democrat and Republican Grassroots and educate them across into a Party totally centered on the character and values of the Founding Fathers, presiding under the Constitution as written through the demand on the Judiciary to be of good behavior as instructed in the Constitution and defined by Alexander Hamilton in the Federalist #78 Document. http://www.constitution.org/fed/federa78.htm

The Fair Tax is the Salvation of the United States of America and it's Constitution of liberty and Freedom of We the People. Please make it so.

Posted by R. George Dunn on 3.14.09 at 16.36
i think robert is a bureaucrat. yeah, i'm pretty sure. or one of these businessmen whose business depends more on their political contacts than providing a good product or service.
Posted by elmas on 3.17.09 at 16.35