US Action News

Sequester? What sequester. Peter Schiff laments on rampant waste and corruption at all levels and still nobody gets fired. Hillary’s State Department has also been revealed to have covered up eight different investigations — including prostitution, pedophilia by an ambassador, sexual assault, and drug purchases. More ….

When the government is starving, it goes hunting. We, unfortunately, are the prey. To the ruling class, we are nothing more than the feedstock to keep their plunder going.

Schiff picks apart the President’s ignorance of history, economics, and general cluelessness on all things having to do with jobs and economy.

Peter Schiff went to the occupiers to reason with them. Here is his take on his experience with the protesters.

“None of this is going to work. These are all gimmicks. …the fed is rearranging the deck chairs on the Titanic of an economy…. it is that old definition of insanity to just repeat things over and over and over again and expect a different result. We’re not going to get a different result we’re going to have the same result. If we want a different result we’ve got to change the strategy. But unfortunately there is no political will to change the strategy.” – Peter Schiff

Peter Schiff testifies before congress on the lunacy of continuing Obama’s big spending policies. Schiff predicted the housing bubble and the financial crash. So why do Obama and the Debtocrats continue to lead us off the cliffs of fiscal insanity?
A must watch for anyone who cares about saving the US economy from disaster.

Nominated for the Nobel prize for stupidity by Peter Schiff, Krugman’s idea is the inevitable conclusion of those who believe never ending deficit spending can actually improve an economy. Peter Schiff exposes Krugman’s wacky savior complex.

“Anyone who was looking for a quick recovery was basically in cloud cuckoo land” says Gillian Tett, US managing editor, Financial Times. “The world is waking up to the fact that there is a process of so called deleveraging going on. That economies and companies and banks still need to cut debt and so do households and that process is going to be brutal and slow.”

The crisis is the debt itself. Economic Armageddon would not have resulted from failure to raise the ceiling, but it will come because we succeeded in raising it.

“The lie, that’s what is going to destroy the country. The first step is admitting that that our politicians lied and over promised. Let’s deal with today’s reality. The money is not there. We can’t keep borrowing it. We can’t keep printing it.”