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Nick Hanauer interview (part 1, part 2) with Peter Schiff was THE reason why I bought a premium subscription to Schiff radio show.

Let me be absolutely clear on this: Nick Hanauer is the kind of an idiot that can make money while being absolutely ignorant on economics.

Consumers do NOT build businesses, businessmen build businesses. Consumption is the trivial consequence of production, and just like the case with every other business and product, the product has to be invented and built first and there is absolutely no clear way to know that the product or a business will be a success.

Growing an existing successful and profitable business into a more profitable one is much simpler than starting a new business with a new idea and an unproven track record. The only thing that can be said about demand is that if a business is already successful and profitable, then there is at least money to attempt and expand capacity.

Nick Hanauer is an absolute moron when it comes to economics, he thinks that the consumer appears first. As if the people appeared BEFORE the Sun and the Earth was here.

The video is of one Peter Schiff, the guy who only predicted and bet against the dot com bubble when everybody was buying into it, the guy who predicted and bet against the housing bubble, when everybody was buying into it, and the guy who is betting against the dollar and bond bubble, and everybody is buying these right now as well. He is an author of multiple books and the founder of a number of companies, which he started alone after working as an investment broker for a large firm for 5 or 6 years after college.

He runs his own online radio show, which is the next step after his decade long first show, called 'unspun'. He employs 150 people in his investment company, now has a bank, has a couple foreign companies because of regulatory environment, especially the Patriot Act preventing him from doing business the way he wants to with foreign customers.

He testified in front of Congress on a number of occasions (so did his father, who is a political prisoner in USA, who testified back in 1968 or 69 in front of Congress, being the only voice against going off the gold standard, predicting that prices of gold would skyrocket and so would inflation, nobody cared).

So when it comes who is 'moron' here, it's not him, it's you, I doubt you have achieved even a tiny fraction of what he has, but in today's Internet world everybody is an on-line hero, isn't that so, pnutjam?

sure, I can recommend some stuff

(here is a video you can watch, a little example of what you can learn through online videos, it comes from this site, there is a good radio show that discusses economic situation daily here).

As to books, yeah, I have a list, here is some of the newer stuff:

How an Economy Grows and Why it Crashes

The Real Crash

The Forgotten Man: A New History of the Great Depression

New Deal or Raw Deal?: How FDR's Economic Legacy Has Damaged America

A Return to Common Sense

A Bull in China: Investing Profitably in the World's Greatest Market

GREENSPAN'S BUBBLES: THE AGE OF IGNORANCE AT THE FEDERAL RESERVE

Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse

The Revolution: A Manifesto

Financial Armageddon: Protecting Your Future from Four Impending Catastrophes

Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics

Empire of Debt: The Rise of an Epic Financial Crisis

The Dollar Crisis: Causes, Consequences, Cures , Revised and Updated

At the Crest of the Tidal Wave: A Forecast for the Great Bear Market

Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression, Expanded and Updated Edition

Investme

The most important right that a jury member has is the right to judge the law, and apparently it is very dangerous in USA to notify juries of their right to do so and judges are on the side of the government on this, so they actually place people to jail who notify juries of this, even though this is an extremely important power that common people have to fight unjust laws - just always find the defendant not-guilty because the law is unjust.

One of the cases of this is discussed in this interview (the interview starts at the minute 41).

Interview is with Bernard von NotHaus, founder of NORFED & the Liberty Dollar, on exhausting his appeals process and his forthcoming prison sentencing.

This is the information on how you can help show your support by writing the Judge in Bernard's case!

Of-course do not forget that there are other political prisoners in USA, Irwin Schiff is one of them, this is an interview with Irwin Schiff from 2004, where he talks about his books where he predicts the economic collapse, education collapse, housing crisis, debt crisis, eventual collapse of the dollar, destruction of the manufacturing base in USA. Irwin Schiff also talks about the reasons for the incoming problems and he is giving an interesting look at the history of US over the past 100 years and how economy was changing. Also throughout the interview (really, it has to be viewed fully to see all of the points), Irwin Schiff shows that the income taxes in USA are voluntary and are collected illegally. Of-course he is spending 12 years in prison even though all of the evidence shows that he should not have been convicted, but the judge in the appeal case is refusing to look at the evidence.

So my point with all this is that AFAIC it is a good thing for the jury to be able to get some information that they don't have, because too often it looks like they are selected specifically in a way that would prevent anybody with any knowledge of the problems with the system from being in jury.

Jury nullification needs to be taught in school on day one, and of-course in the government ran schools it's not.

By the way, now with the NDAA signed by Obama, Bernard von NotHaus can in principle be 'disappeared' by the military and held indefinitely in a military prison because he was deemed a 'terrorist' for selling silver 10-20 Liberty dollar coins (of-course there are no silver 10-20 dollar USD that are used, these cannot be confused with actual USD and anybody who owns Liberty dollars is making a profit in terms of USD, which is being destroyed.) So do we need jury that are knowledgeable of what the system is like today or not?

Nullification - this is what all juries must be told. Nullify all laws that government is using to convict people whenever it concerns individual rights, property rights, etc. Government is the evil today, nothing else, nullify all laws.

Schiff: http://www.schiffradio.com/b/Pentonomics---The-Cause-and-Evidence-of-Inflation/419269008642342955.html
Schiff consistently explains inflation as an increase in the money supply throughout his work. More can be read here (why not listen to the guys that were right?):
http://www.europac.net/research_analysis/commentary_view/Peter%20Schiff

Hazlitt/Mises: http://mises.org/daily/2914

According to the Schiff site ( http://www.schiffradio.com/pg/jsp/charts/audioMaster.jsp?dispid=301&pid=53373 ), one must be a premium member to download or listen to the excerpt.

Sad, as I was interested in listening to it.

Who are you, you think you are a citizen, a person? You think you have rights? Liberties? You must have read that silly document from 1787 or whatever. That doesn't apply anymore, didn't you know?

Didn't you know you are now property, an asset that is used as collateral for more government borrowing on the one hand and on the other you are a piece of meat to be used fighting in conflicts that help the bona-fide persons - real people with government connections.

Your silly notions of rights and liberties are of no concern anymore, and you, yourself agree with this every day. Every day you want government to do something for you, to tax somebody and to borrow from somewhere, to print more money so that your special interest gets the tiny crumbs of the royal table, those are you 30 pieces of silver to sell your soul (obviously nobody will be paying you in silver, that's too fat. They have US federal reserve notes for that.)

What, you think it's too harsh? Trollish? A flamebait?

How about you listen to this short radio episode, the guest is Henry Juszkiewicz, CEO of Gibson Guitars. You will find out how a classic American company became an enemy of the state by providing 1200 jobs IN USA, that's right. The reasons? Who knows. The government doesn't have to tell the reasons, you peons, not even peons in the sense that you do work. You are just a number in the line up that they can use for displaying the meat mass, how much there is there to "count the votes" or whatever they need you for, and you aren't too good for organs anymore, being on FDA approved drugs and department of Agriculture subsidized foods.

You don't like the machine scanning through your body, your flesh and bones? Who is asking you?

You can download the latest radio program here.

By the way, here is an easy way for me to prevent you from any further mis-characterization of what Schiff was saying, because he has his radio program here, and he often repeats the same thing, but if you for example download the one form the 8th of June, 2011, and listen from minute 11 for 1 minute, you'll hear him say:

I understood exactly what was causing the problem, and I was pointing directly at Fed's policy

.

See, he does not say; fucking banks took advantage of the obvious incentives provided by the government, he does not go there, the way you want to characterize it.

He is very specific, he says he saw the crash coming because he understood that the Fed's policy is going to cause it, that's all.

You can obviously continue pretending that that is not what he is saying, but you can't deny the guy's own words, unless Bernanke is your relative (sorry for the insult).

Well, since you are asking the questions on /. and not on his blog, I'll answer for him, though you may want to call his show and directly challenge him, wouldn't that make much more sense?

Where is the price of gold now Peter?

- http://www.kitco.com/ says:1373 in US dollars.

Gold is in a 10 year bull market, or more precisely the US dollar is falling and falling, charts are here. US dollar is being printed out of existence, other currencies are misguidedly following this, of-course US dollar is the reserve, so many feel they have to. They really don't.

But what exactly is your question? Is gold NOT going up, did it NOT go up and up and up for the last 10 years at least? All the other commodities: sugar, cotton, pork, wheat, rice, oil, metals, etc.

When you call the guy who correctly predicted the Internet and the Housing bubbles and traded on that correctly to be 'fringe', while you consider others to be 'mainstream', then you are doing one thing: you are displaying that mainstream is ridiculous, stupid and most importantly: wrong.

How come most of your clients lost 40%-70% of their worth in 2008,

- I got out of commodities just before that particular event, it was a hunch. However the people with Schiff have been making money for 10 years prior to that and ever since the end of 2008 and they have recovered and made another 50% on top.

Now, can you point out a 'mainstream' economist who has been as right as Schiff for as long as Schiff? They don't exist. There is Jim Rogers, but he is on the same side Peter is on. There is Marc Faber, he certainly tries to make predictions that are a bit more specific in terms of timing.

Schiff is not interested in specifics of timing - that's what separates his advice from advice of speculators. He is an investment adviser.

Do you know the difference, or should I explain further?

Seriously, don't listen to this guy or anyone who tells you to listen to him, they are attempting to engage in class war against you and redistribute your hard earned wealth to themselves

- I am not sure if you are giving this 'advice' to me, but if you are, then keep it. How much of your purchasing power have you lost over the past 15 years? Want to compare to how much I gained? Don't do it, you'll lose. And I am not what you call 'rich'.