Debt Ceiling and Peter Schiff vs Trump

Peter Schiff is using the latest news about an attempt to end the debt ceiling as a way to promote his long gold positions:


Source: Peter Schiff YouTube

Of course Schiff works in the gold promotion industry and so it’s not surprising to hear all the ways Schiff interprets the news as being good for gold. He’s been wrong since 2012 when gold peaked but eventually he’ll be right again, at least for a little while.

Minus the gold bug doom and gloom spinning, let’s look at what’s really going on with the push to end the debt ceiling.

Debt Ceiling

President Trump said he would think about working with Democrats to end the limit on the country’s borrowing. According to The Washington Post, Trump and Schumer have agreed to work on a plan to eliminate the debt ceiling.

President Trump told reporters on Thursday that “there are a lot of good reasons” to get rid of it.

Speaker of the House Paul Ryan, R-Wis., specifically has come out against eliminating the debt ceiling.

Republicans Dishonest About The Debt Ceiling

Republicans have been dishonest about the debt ceiling for many years. The debt ceiling has nothing to do with being fiscally responsible. In fact, it is just the opposite. Using the debt ceiling to control spending is like a corporation using Accounts Payable to control costs. Dumb, right? In a corporation, Accounts Payable writes the check and mails it to a vendor. It would be detrimental to the health of a corporation for the boss to tell Accounts Payable to stop writing checks and paying vendors as a way to control costs. Vendors would stop doing work for the corporation and the entire business would implode. A boss controls costs by making decisions BEFORE an invoice gets to Accounts Payable for payment.

Another analogy is declining to pay a credit card bill or agreeing to go to dinner and then arguing about whether you’re going to pay the bill, after you’ve already eaten.

Congress is dumb to threaten to not pay its bills as a means of controlling costs. It destabilizes the country and sends the message that it’s risky working for or doing business with the US government. The time to control costs is during the budget approval process and NOT after the debt has already been incurred.

The debt ceiling is hardly more than a public manipulation tool of Congressmen to fool voters into thinking they are trying to control costs by voting against raising the debt ceiling, while at the same time voting for the government programs that caused the ceiling to be hit in the first place!

When Republicans took back the House in 1995, they brought back the debt ceiling vote as a way to pressure members on spending. Republicans would waver back and forth on using the debt ceiling vote. Sometimes they’d use the budget procedure to wave it through, and then other times they’d require the vote. It’s silly because it’s just politics and grandstanding. I mean how effective has the debt ceiling really been considering we have $20 trillion in debt?

If Republicans really wanted to control spending then they would vote for budgetary and spending decisions that would balance the budget. If Republicans really wanted to reduce government spending they would do that because that’s where the money is spent.

Richard Gephardt, D-Mo. has proposed the ‘Gephardt rule,’ which does away with the need for a second debt ceiling vote to approve borrowing once Congress has already voted once to approve spending that inherently necessitates borrowing.

Peter Schiff doesn’t know what he’s talking about when he claims that President Trump is for big spending and even bigger government and that his working with Democrats to end the second debt ceiling vote is somehow proof of that. I’m not sure Schiff himself honestly believes that. I think Schiff is playing to his alternative-news audience which are primarily gold bugs. Any bit of news that can be spun to support some lofty $5,000 an ounce for gold prediction, is what Peter Schiff does and boy does he do it well.

Destroy Trump Establishment Media Continues Propaganda

The ‘Destroy Trump’ establishment media propaganda machine continues to attack President Trump while quietly not reporting on how the left is destroying America’s heritage and history.

In an unprecedented push to change the history of America, left-leaning groups and Democrat politicians are literally destroying statues of American history across this country. Reality check: the civil war was not JUST fought over slavery. I have studied under some of the most famous historians in this country such as Bill Coates and I can tell you that an in-depth study of history reveals that the Civil War was fought over many things and the knot that ties all these things together was a federal government in the North telling people in the South how to live.

Whether Lee, Jackson, and Davis were racists is not the point. They are, whether you like it or not, part of American history. Ripping down historic statues isn’t going to change that fact. George Washington had slaves. Let’s pull down all Washington statues. Where does it end?

This is clearly the destruction of American history and instead of reporting on the power movement behind destroying American history, here’s what CNBC is doing:

business cnbc - Destroy Trump Establishment Media Continues Propaganda

One story sort of defends trump (green), while 5 stories (red) are grotesque propaganda pieces that are part of the ‘Destroy Trump’ establishment media.

I quit subscribing to CNBC today. This is nothing more than political propaganda that has nothing to do with helping readers make money in the stock market.

Check out the stories that Google News is featuring prominent in their Google News section:

business google news 640x603 - Destroy Trump Establishment Media Continues Propaganda

In a good and just news industry, there should be lots of stories about the movement to destroy and re-write American history by left leaning groups. We actually have a power movement underway to destroy America’s historic statues and effectively strip history away from the people and yet no one is reporting on the left leaning groups behind this push and what their ultimate agenda really is.

Sean Hannity is the only journalist that got it right IMO:

Democrats Shutdown Senate Russia Investigation, Not a Surprise

Democrats have abruptly shutdown a Russia Senate investigation panel. I wrote that this was a likely outcome of Republicans calling for an investigation into Democrats here.

Democrats do not want an investigation into Hillary Clinton and the money she accepts from Russia through the Clinton Foundation nor the big tech companies that got work inside Russia who then gave generously to the Clinton campaign.

Sometimes it’s necessary to fight fire with fire.

Do you think Republicans should continue to push for an investigation into Democrats over Russia? Leave your comments below.

Trump Investigation But Where’s the Investigation Into Democrats?

Democrats and the mainstream media are now pushing for the Trump investigation to divert to his son-in-law Jared Kushner because he bought part of the old New York Times building from a Soviet-born tycoon Lev Leviev. Like I told you, Robert Mueller as former head of the FBI, is not impartial. He’s part of the deep-state that is at odds with the President. Mueller is actually investigating Jared Kushner’s real-estate transactions now as he seeks to determine whether the Trump campaign collaborated with Russia to distort the outcome of the 2016 race.

Really? The FBI concluded last year that there was no link between the Trump campaign and Russia. Jared Kushner is the target of the Democrat party and their media outlet MSNBC as seen here.

Those who live in glass-houses shouldn’t throw rocks.

It’s looking more and more like the big power play by Democrats is to use the Trump investigation and the mainstream media to give the public the perception that President Trump is constantly under investigation. The purpose is to divert the public away from the real criminals: Hillary Clinton and the Democrat party.

Hillary’s campaign Chairman John Podesta sat on the board of a small energy company alongside Russian officials that received $35 million from a Putin-connected Russian government fund. Making things worse, Podesta never fully disclosed the relationship, as the law requires. Where is an investigation into collusion between the Hillary Clinton campaign and Russia? If Hillary Clinton took $35 million from the Russians, is that not collaborating with Russia to distort the outcome of the 2016 race?

Hillary Clinton benefited from a relationship with Russia in which she helped Vladimir Putin build Skolkovo, a high-tech community meant to be “the Russian equivalent of America’s Silicon Valley.” While Clinton was in charge at the State Department, the U.S. recruited lots of high-tech U.S. firms including Google, Cisco and Intel — to take part in the Russian project. Of the 28 companies from the U.S., Europe and Russia that took part, 17 were donors to the Clinton Foundation or paid Bill Clinton to give speeches. Where is an investigation into the Clinton Foundation’s collusion with Russia? It looks like Hillary used the State Department’s offices to line her family’s pockets through the Clinton Foundation. Why is that not being investigated? Especially since Clinton pushed for a “reset” with Russia that seems to have led to a resurgent Russia expanding its military, diplomatic and economic power in Eastern Europe. Hillary Clinton gave US tech corporations big business inside Russia in exchange for big campaign donations. Is this not collaborating with Russia to distort the outcome of the 2016 race?

If those leading the Trump investigation applied the same standards to Hillary Clinton and Democrats, they would be found guilty already!

Hillary Clinton, after receiving a subpoena for her computers, deleted thousands of emails and used the software of a company that writes over the data once it’s deleted so it can’t be recovered. It is illegal to damage and destroy information after receiving a court subpoena for that information. Where is an investigation into the cover-up by Hillary Clinton in this blatant and illegal act of destroying evidence under subpoena?

Then Attorney General Loretta Lynch had a private meeting with former President Bill Clinton aboard his airplane last year regarding the investigation into his wife Hillary Clinton. James Comey told senators that Lynch’s meeting in his view tarnished her credibility on the issue, forcing the FBI – not the Justice Department – to take the unusual step last summer of announcing that investigators had concluded their investigation of Hillary Clinton’s use of the server. James Comey dropped the investigation into Hillary Clinton’s illegal act of using her own private email server for government communications because then Attorney General Loretta Lynch had a private meeting with Bill Clinton. Why? Comey told Congress that the reason was, “…It made me worry that the department leadership could not credibly complete the investigation and decline prosecution without grievous damage to the American people’s confidence in the justice system.” We already know James Comey is drama. Where is an investigation into Attorney General Loretta Lynch and Bill Clinton which led to the FBI dropping the case against Hillary Clinton? Why is the Clinton investigation dropped so easily when proof exists of illegal activities and yet the Trump investigation is not dropped when no proof exists?

James Comey admitted leaking private and classified information to the mainstream media. Where is the investigation into the deep-state and James Comey who violated FBI rules by purposely leaking classified information to the media in a blatant attempt to harm the President after being fired by him?

CNN leaked debate questions to Hillary Clinton in order to defeat Bernie Sanders in a televised debate. This was massive election fraud that could have changed the outcome of the debate and hence the entire Presidential election. The FCC has regulatory oversight for this massive fraud against the American people. Where is an investigation into CNN manipulating the Presidential election and defrauding the public?

The biggest reason the Democrat party lost was because of their bad decision to put Hillary Clinton forward as their candidate. Hillary Clinton was a deeply flawed candidate as I discussed here. Reality check: Russia didn’t make Hillary Clinton lose. Democrats need to move on instead of acting like a bunch of babies like Miley Cyrus and wasting our valuable time and tax dollars keeping this Trump investigation going in what amounts to hardly more than a witch hunt.

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Republicans Moving Forward On Health Care Reform

Republicans are moving on a health care reform bill while Democrats in the Senate like Bernie Sanders say it won’t see the light of day before they even know what it is according to a report on Market Watch (link above).

I find that exceedingly rich that Democrats who secretly worked their own health care bill and infamously said you have to pass it to find out what’s in it, are now complaining about transparency:

Trump Under Investigation by the FBI, Oh No He Wasn’t!

There were a few key revelations in today’s testimony by Comey but the one that’s unbelievable is the fake news story of Trump under investigation by the FBI. We now know that President Trump was never under investigation! What?!

Trump Under Investigation by the FBI… Not True!

The entire argument of the Democrat controlled mainstream media was that Trump was being investigated by the Federal Bureau of Investigation and so he fired FBI chief Comey. That’s not what happened. The President was never being investigated by the FBI!

Little Marco became Big League Marco when he asked Comey why there was so many leaks about Trump but never a leak revealing that the President was never being investigated for anything! Check it out:

Marco Rubio said, “Do you ever wonder why, of all the things leaked in this investigation, is the fact that the President was not personally under investigation despite the fact that both Democrats and Republicans and the leadership in Congress knew that and have known that for weeks?”

Oh behave Marco! That question really reveals the true intentions of what Democrats and their mainstream media groups are trying to do. Folks, this is all about information wars and manipulating the public.

Trump Under Investigation by the FBI Was Fake News

Since Google and Facebook are supposedly trying to block fake news, where was the blocks coming on CNN, NBC, MSNBC, and CBS for claiming that Trump fired Comey because Comey was investigating him? Where was Democrat controlled “PolitiFact”, which Google and Facebook are using for their fake news filters, why didn’t PolitiFact report the idea that Trump was being investigated as false?

Like I told you before, fake news filters are all about silencing free speech over the Internet because mainstream media propaganda doesn’t work as well as it used to. Hillary Clinton recently revealed this when she claimed that it was because of the Internet that she lost.

The globalist Establishment hates the Internet because they haven’t been able to control the conversation and thus what people are thinking. Google and Facebook’s push to block fake news and then using Democrat leaning groups like PolitiFact and Snopes as their filters is a sick joke IMO.

Trump under investigation by the FBI was fake news and so I hope Google and Facebook have taken notice and thus will penalize these sites in news searches in the future. Yeah right, that will never happen.

James Comey Save the Drama For Your Mama

Listening to James Comey testify before Congress, something clear emerged: what a drama queen! Even the Democrat globalist controlled CNN (link above) wrote an article that lacks in credible new information or smoking gun.

James Comey Drama

Comey admitted that when he was asked by the President to remain behind after a meeting of White House and national security official, he was paranoid about what was going to happen and so he decided to keep a close record of the meeting.

Check out what Comey told Congress:

I knew something was about to happen, that I needed to pay very close attention to.

Maybe that’s Comey’s guilty conscience for lying to the President of the United States about whether or not he was being investigated! He was appointed by a Democrat with Democrat biases, Trump should have fired him on day one of his Presidency like I said back in January. It’s the same reason why Trump needs to fire Janet Yellen. Reality check President Trump: You fire everyone that was appointed by a Democrat. Never, ever, go full retard on the idea you are all going to work together.

Then Democrat controlled CNN writes:

In essence, this comes down to a showdown between two versions of the same events — one offered by Trump, the other presented by the respected FBI director whom he fired.

That’s not objective news reporting, that’s a subjective smear in an attempt to constantly plant in the public’s mind that James Comey is good, Trump is bad. Notice how CNN says Comey is “respected”. Really? The only reason why Democrats are now respecting Comey is that their trying to impeach the President and override the will of the American people. Want proof? Here are Democrats less than a year ago calling for Comey’s resignation:

Democrats wanted Comey fired last year when it suited their interests. But now that President Trump fired Comey, well now Comey is the most respected person ever.

It’s all about information wars and the manipulation of the public so that the corrupt Judicial branch can attempt to remove Trump from office.

James Comey said nothing of importance before Congress IMO. It’s a disgruntled former Federal employee airing the grievances of his employer. It’s girly. I once read a business article that talked about how usually when you fire a man, the guy just leaves. But often when you fire a woman, you get a long parting letter filled with rambling grievances. Comey went girly.

Come on Democrats, I double dare you to try an impeachment over Comey’s testimony. Come on globalist Republican establishment types like John McCain and Paul Ryan, please join the Democrats in trying to override the will of the American people using the judicial branch of government. I look forward to the Democrat party and their Republican allies of losing even more congressional seats.

John Kerry Compares Trump to OJ Simpson

On Sunday, John Kerry went on the Democrat globalist controlled NBC and “Meet the Press,” and compared President Trump to OJ Simpson (link above).

John Kerry cited “lack of opportunity” as one of the reasons why terrorist attacks are happening in the UK. No joke. Check it out.

Effects of Climate Change, Who Cares? Trump Pulls US Out

effects of climate changePresident Trump has honored his campaign promise to pull the US out of these globalist run bureaucracies that tax Americans in the name of bad effects of climate change (see Washington Post link above). You go honeybadger Trump! Trump supporters finally have something to be happy about again.

Effects of Climate Change, Who Cares?

We all want a clean environment for ourselves and future generations but Democrats under the Obama Administration destroyed our economy and middle class in an attempt to control the effects of climate change. With $20 trillion in debt and most Americans struggling just to keep a roof over their heads and food on the table, it’s criminal that US citizens are taxed and those tax dollars are sent to a non-elected globalist run bureaucracy of socialists whose goal is to create a one-world order.

The message is not that we don’t care about the environment. The message is that America has been run into the ground by decades worth of rule under Republican and Democrat administrations that milked the US tax payer for hundreds of billions of dollars while crony environmental capitalists like Elon Musk made a fortune. The message is that free handouts from America are over because we are on the verge of bankruptcy after decades of high taxes and jobs shipped offshore to places like Mexico and China.