The Peter Schiff Show Podcast

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Alex Jones  Banned

Alex Jones was banned from iTunes, Facebook, YouTube - his entire YouTube Channel is gone! He had over a million subscribers.  The Alex Jones videos on my YouTube channel where I appeared as a guest are still up, but the ones on Alex's site are no longer there.

What About the First Amendment?

This raises a lot of very interesting and disturbing questions. First of all, you have a lot of people talking about censorship. What about the first amendment?  The most important thing to remember about freedom of speech is that all of that has to do with government. Government cannot infringe on your freedom of speech. This has nothing to do with a private business. So, Facebook or YouTube are private companies. I don't have a right to have a YouTube channel.  When you sign up for YouTube, they have the terms & conditions and you agree... YouTube doesn't charge me to have a YouTube channel; I don't have a right to demand one - it's private property. I can still do videos and get them out on this website and on other channels. I can listen to the Alex Jones Show podcast, even though it is not on iTunes.

Banning an Opinion

I don't think YouTube and Facebook taking Alex Jones off is a First Amendment issue, or is censorship.  It certainly is a double standard.  Why are Alex Jones' videos being taken down? Supposedly because it is hate speech or fake news. It is his opinion, and if you don't want to listen to it, don't. I don't think he is out there inciting violence.  There are actually sites on YouTube and Facebook that do advocate violence.  There are Communist YouTube channels.  Why is that allowed on YouTube? What is Communism?  That is where the government forcibly steals private property. Communism is a much bigger threat to the families in Newtown than Alex Jones denying that there was a shooting there.

Intolerance for Any Opinion that Disagrees

The Alex Jones channel made a lot of money for YouTube. Why would they want to get rid of it? YouTube is about selling ads and they need content, and Alex Jones some very good content. I think the reason was pressure from advertisers who were getting pressure from consumers saying. 'We're not going to use your products if you keep selling ads on this channel."

This is the type of society we live in, where the left is so intolerant of any opinion that they disagree with that they will do anything they can to shut it down. Whether it is trying to use the power of government or trying to use their power as consumers to organize and put pressure on companies to silence people who are saying things they don't like.

Slanting Content Invites Fairer Competition

As long as it is not the government silencing free speech, the message is still out there. Alex Jones will still be out there, just not on YouTube, Facebook or iTunes. Ultimately, if places like Facebook or YouTube started to censor enough people, it would destroy the value of their franchise. If they slant their content it leaves the door open for a competitor to come in and offer free speech.

Where you see massive hypocrisy is the same people who are up in arms about a small bakery who does not want to decorate a cake for a gay wedding and use the full force of the U.S. government to force them to so something they disagree with, have no problem with a trillion dollar company (Apple) denying service to Alex Jones because they don't agree with what he is saying. You either defend private property and liberty or you don't. I don't think we can force a baker to bake a cake for a gay wedding and we can't force YouTube to provide service to Alex Jones.

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Alex Jones  Banned

Alex Jones was banned from iTunes, Facebook, YouTube - his entire YouTube Channel is gone! He had over a million subscribers.  The Alex Jones videos on my YouTube channel where I appeared as a guest are still up, but the ones on Alex's site are no longer there.

What About the First Amendment?

This raises a lot of very interesting and disturbing questions. First of all, you have a lot of people talking about censorship. What about the first amendment?  The most important thing to remember about freedom of speech is that all of that has to do with government. Government cannot infringe on your freedom of speech. This has nothing to do with a private business. So, Facebook or YouTube are private companies. I don't have a right to have a YouTube channel.  When you sign up for YouTube, they have the terms & conditions and you agree... YouTube doesn't charge me to have a YouTube channel; I don't have a right to demand one - it's private property. I can still do videos and get them out on this website and on other channels. I can listen to the Alex Jones Show podcast, even though it is not on iTunes.

Banning an Opinion

I don't think YouTube and Facebook taking Alex Jones off is a First Amendment issue, or is censorship.  It certainly is a double standard.  Why are Alex Jones' videos being taken down? Supposedly because it is hate speech or fake news. It is his opinion, and if you don't want to listen to it, don't. I don't think he is out there inciting violence.  There are actually sites on YouTube and Facebook that do advocate violence.  There are Communist YouTube channels.  Why is that allowed on YouTube? What is Communism?  That is where the government forcibly steals private property. Communism is a much bigger threat to the families in Newtown than Alex Jones denying that there was a shooting there.

Intolerance for Any Opinion that Disagrees

The Alex Jones channel made a lot of money for YouTube. Why would they want to get rid of it? YouTube is about selling ads and they need content, and Alex Jones some very good content. I think the reason was pressure from advertisers who were getting pressure from consumers saying. 'We're not going to use your products if you keep selling ads on this channel."

This is the type of society we live in, where the left is so intolerant of any opinion that they disagree with that they will do anything they can to shut it down. Whether it is trying to use the power of government or trying to use their power as consumers to organize and put pressure on companies to silence people who are saying things they don't like.

Slanting Content Invites Fairer Competition

As long as it is not the government silencing free speech, the message is still out there. Alex Jones will still be out there, just not on YouTube, Facebook or iTunes. Ultimately, if places like Facebook or YouTube started to censor enough people, it would destroy the value of their franchise. If they slant their content it leaves the door open for a competitor to come in and offer free speech.

Where you see massive hypocrisy is the same people who are up in arms about a small bakery who does not want to decorate a cake for a gay wedding and use the full force of the U.S. government to force them to so something they disagree with, have no problem with a trillion dollar company (Apple) denying service to Alex Jones because they don't agree with what he is saying. You either defend private property and liberty or you don't. I don't think we can force a baker to bake a cake for a gay wedding and we can't force YouTube to provide service to Alex Jones.

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Ridiculous Rhetoric in Tariffs

One of the drivers behind the increasing cost of living is going to be the tariffs.  The rhetoric here is really ridiculous.  Talking heads on the mainstream media say, "We've got China by the balls..." "We're going to make them feel some pain..." "They're going to give in..."  We're going to force them to play fair because they have so much to lose..."

We Have More to Lose and China Has More to Gain

The reason that the Chinese stock market is suffering more than the American stock market is because investors are clueless. They believe all the nonsense that China is going to lose the trade war and America is going to win. It couldn't be further from the truth. We have a lot more to lose, in fact China has a lot to gain, if they would only figure it out. Why have the Chinese for so long been willing to subsidize the U.S. economy? That is what they have been doing.  They have been artificially suppressing the standard of living of their own people so they can prop up the standard of living in America. They have been denying their own citizens the production they otherwise would have been entitled to by diverting that production to exports.

Economists Made Same Faulty Analysis After WWII

This is the same type of argument that economists made, and I pointed this out on my first book, Crash Proof: The Second World War was nearing an end.  There were economists who were worried  that the end of the war would bring about a recession because there would be lots of unemployment. All of the factories that were producing military products wouldn't have anything to make anymore. And all the soldiers and factory workers would be unemployed. Everybody was worried that there would be a big economic downturn.

U.S. Postwar Economy Boomed Because the Government Dramatically Cut Spending

Fortunately nobody took the advice of those economists.  We ended the war anyway and rather than an economic downturn, we had an economic boom. In fact, you hear all these economists today who like to say that WWII got us out of the Great Depression. That's not correct. Yes, the GDP went up during the war because of all the military production, but if you look at the standard of living of American citizens during the war, compared to that of the post-war era, it was when the war ended that the economy boomed. Why?  Because the government dramatically cut spending.

 

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RATE AND REVIEW this podcast Wherever you listen.

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Ridiculous Rhetoric in Tariffs

One of the drivers behind the increasing cost of living is going to be the tariffs.  The rhetoric here is really ridiculous.  Talking heads on the mainstream media say, "We've got China by the balls..." "We're going to make them feel some pain..." "They're going to give in..."  We're going to force them to play fair because they have so much to lose..."

We Have More to Lose and China Has More to Gain

The reason that the Chinese stock market is suffering more than the American stock market is because investors are clueless. They believe all the nonsense that China is going to lose the trade war and America is going to win. It couldn't be further from the truth. We have a lot more to lose, in fact China has a lot to gain, if they would only figure it out. Why have the Chinese for so long been willing to subsidize the U.S. economy? That is what they have been doing.  They have been artificially suppressing the standard of living of their own people so they can prop up the standard of living in America. They have been denying their own citizens the production they otherwise would have been entitled to by diverting that production to exports.

Economists Made Same Faulty Analysis After WWII

This is the same type of argument that economists made, and I pointed this out on my first book, Crash Proof: The Second World War was nearing an end.  There were economists who were worried  that the end of the war would bring about a recession because there would be lots of unemployment. All of the factories that were producing military products wouldn't have anything to make anymore. And all the soldiers and factory workers would be unemployed. Everybody was worried that there would be a big economic downturn.

U.S. Postwar Economy Boomed Because the Government Dramatically Cut Spending

Fortunately nobody took the advice of those economists.  We ended the war anyway and rather than an economic downturn, we had an economic boom. In fact, you hear all these economists today who like to say that WWII got us out of the Great Depression. That's not correct. Yes, the GDP went up during the war because of all the military production, but if you look at the standard of living of American citizens during the war, compared to that of the post-war era, it was when the war ended that the economy boomed. Why?  Because the government dramatically cut spending.

 

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Abolish the Capital Gains Tax?

If we simply had no capital gains tax, but wen are still taxing the worker on the value of his labor without any deductions whatsoever, I just don't think that's a fair system. That's one of the reasons I would not want to just abolish the capital gains tax. I would want to abolish the entire income tax and go to an indirect tax, such as sales tax or tariffs.  We would obviously have a much smaller government if it had to survive on indirect taxes, on excise taxes. This is what the framers of the  (of the Constitution) originally envisioned.  They thought that direct taxes, like an income tax, would only be used during times of war. That's why they made it so hard to enact.

Indirect Tax Rather than Direct Tax

During peacetime, the government was supposed to operate on excise taxes.  Of course, the whole idea of income tax to me is inconsistent with free people. Free people do not have to report everything to the government.  They don't have to fill out paperwork under penalty of perjury and file all these tax returns, keep all these records.  If the government is forcing us to do all this, the government is the master and the people are the servants. That is not what America is supposed to be about.

Is Government the Master and We the Servants?

Of course, the biggest problem I have with the capital gains tax cut is that government spending is not also being cut. So we're talking about another tax cut without reducing the size of government. Since government spending needs to be paid for, if we're going to cut the capital gains tax, how are we going to pay for government spending that capital gains taxes used to pay for? Obviously we are going to borrow it. And borrowed money is going to do more damage to the economy than any benefit we get from reducing the capital gains tax.

 

 

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Abolish the Capital Gains Tax?

If we simply had no capital gains tax, but wen are still taxing the worker on the value of his labor without any deductions whatsoever, I just don't think that's a fair system. That's one of the reasons I would not want to just abolish the capital gains tax. I would want to abolish the entire income tax and go to an indirect tax, such as sales tax or tariffs.  We would obviously have a much smaller government if it had to survive on indirect taxes, on excise taxes. This is what the framers of the  (of the Constitution) originally envisioned.  They thought that direct taxes, like an income tax, would only be used during times of war. That's why they made it so hard to enact.

Indirect Tax Rather than Direct Tax

During peacetime, the government was supposed to operate on excise taxes.  Of course, the whole idea of income tax to me is inconsistent with free people. Free people do not have to report everything to the government.  They don't have to fill out paperwork under penalty of perjury and file all these tax returns, keep all these records.  If the government is forcing us to do all this, the government is the master and the people are the servants. That is not what America is supposed to be about.

Is Government the Master and We the Servants?

Of course, the biggest problem I have with the capital gains tax cut is that government spending is not also being cut. So we're talking about another tax cut without reducing the size of government. Since government spending needs to be paid for, if we're going to cut the capital gains tax, how are we going to pay for government spending that capital gains taxes used to pay for? Obviously we are going to borrow it. And borrowed money is going to do more damage to the economy than any benefit we get from reducing the capital gains tax.

 

 

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U.S. GDP Growth Reported at 4.1%

Today we finally got the highly anticipated first look at U.S. economic growth, or really GDP growth, because the GDP is not that great a barometer of the economy.  Nonetheless, thats the one that everybody uses to measure it, and that's the one that we're going to talk about. Perhaps I can get into why the GDP is such a flawed measure in a different podcast; I really don't want to get into it today.  I just want to talk about the numbers that are being spoon-fed.

Atlanta Fed Forecast of 3.8% Might Be Closer to Final Number

In any event, we got the number today, and there was initially a loth of estimates that we could just blow it away this quarter, that we could have a number north of 5%, and we got 4.1%. So, we at least are above 4%, which lets Donald Trump brag about the number being over 4%, although we'll see how long it stays over 4%. You know, we did get a lot of data that was coming out this week, and in recent weeks.  In fact, the Atlanta Fed lowered its forecast, which at one point was as high as 5.4% and it lowered it down to 3.8% yesterday. I think that 38 might end up being more accurate than the 4.1%.  In fact, we may end up being below 3.8% by the time they make the final revisions.

Celebration May Be Premature

They actually revised the first quarter back up to 2.2%. So they revise these things constantly.  The first number is rarely the correct number.  In theory, they could revise it up but I think it's more likely that the revision is going to be down, so the celebration is premature.

New Home Sales Lowest in 8 Months

Two numbers that came out this week that caused the Atlanta Fed to move down to 3.8%: one was new home sales.  It was the lowest in 8 months. In fact, they revised down some prior months.  I had already reported in a previous podcast the weak numbers for existing home sales, which is a bigger number because most of the homes that are bought already exist. But the ones that are being built have a bigger impact on the economy proportionately because of all the construction jobs.

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U.S. GDP Growth Reported at 4.1%

Today we finally got the highly anticipated first look at U.S. economic growth, or really GDP growth, because the GDP is not that great a barometer of the economy.  Nonetheless, thats the one that everybody uses to measure it, and that's the one that we're going to talk about. Perhaps I can get into why the GDP is such a flawed measure in a different podcast; I really don't want to get into it today.  I just want to talk about the numbers that are being spoon-fed.

Atlanta Fed Forecast of 3.8% Might Be Closer to Final Number

In any event, we got the number today, and there was initially a loth of estimates that we could just blow it away this quarter, that we could have a number north of 5%, and we got 4.1%. So, we at least are above 4%, which lets Donald Trump brag about the number being over 4%, although we'll see how long it stays over 4%. You know, we did get a lot of data that was coming out this week, and in recent weeks.  In fact, the Atlanta Fed lowered its forecast, which at one point was as high as 5.4% and it lowered it down to 3.8% yesterday. I think that 38 might end up being more accurate than the 4.1%.  In fact, we may end up being below 3.8% by the time they make the final revisions.

Celebration May Be Premature

They actually revised the first quarter back up to 2.2%. So they revise these things constantly.  The first number is rarely the correct number.  In theory, they could revise it up but I think it's more likely that the revision is going to be down, so the celebration is premature.

New Home Sales Lowest in 8 Months

Two numbers that came out this week that caused the Atlanta Fed to move down to 3.8%: one was new home sales.  It was the lowest in 8 months. In fact, they revised down some prior months.  I had already reported in a previous podcast the weak numbers for existing home sales, which is a bigger number because most of the homes that are bought already exist. But the ones that are being built have a bigger impact on the economy proportionately because of all the construction jobs.

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Voting Responsibly for Freedom

I am "pro" young people because I want them to grow up in a free country. I want them to have every opportunity to be as prosperous as possible.  Democracy is actually an enemy of freedom.  Young people have a better chance to achieve their goals if the 18-19-20 year old generation aren't voting for leaders who pass policies that will actually undermine our success and our progress. They're not sophisticated enough yet; they don't know enough yet about the real world to understand the real role of government.

Socialism Masquerading as Capitalism

The goal is to have the best government. that's why we don't let elementary kids vote. Why? because they are not sophisticated enough and even 18-year olds who have never had a job are not able to discern what we need for good government. I am trying to reach more and more young people to help them understand the benefits of freedom and capitalism and understand the dangers of socialism and of socialism that is masquerading as capitalism, crony capitalism and corporatism. We have the U.S. government controlling the economy with regulation and taxes and then blaming everything that goes wrong on the free market. Everything that goes right is because of the free market. Everything we achieve is despite all of the road blocks that government creates and the level to which they go to undermine success.

Turn on to Liberty

So the more young people who can listen to this podcast (younger people are more likely to listen to podcasts) the more knowledgeable voters we'll have to vote for good government. The higher this podcast is ranked, the more people will discover it.  I have heard this story many times: first time listeners who have found me.  Once I turn them on to liberty, once I appeal to them,  I open their eyes. They then do their own research; they start to read. They start to tune out all the propaganda and start thinking for themselves. I can change people's mind.

Help Me Get the Word Out

You can help me change people's minds by posting your rating and review this podcast on iTunes. Put the stars on there and write up a review and help me get my podcast to more people.  That's the way to win this political war. There is a giant move to the left. People have misinterpreted the results of the last election.  The electorate is moving left. That left wave is going to affect the moderates and even the Republicans in this next election. The coming recession will be worse than the last one and is going to be entirely blamed on free market capitalism.

Pierce the Smokescreen of Mainstream Media

We need to make as many people as possible realize that they are being lied to. The media can repeat a lie often enough that people believe it is the truth. The point of my podcast is to get the real truth out there and to pierce the smokescreen of lies that is being blown by the government, by Wall Street, and by the mainstream media.

 

Our Sponsors:
* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com
* Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai


Privacy & Opt-Out: https://redcircle.com/privacy

POST YOUR REVIEW OF THIS PODCAST ON iTunes

Voting Responsibly for Freedom

I am "pro" young people because I want them to grow up in a free country. I want them to have every opportunity to be as prosperous as possible.  Democracy is actually an enemy of freedom.  Young people have a better chance to achieve their goals if the 18-19-20 year old generation aren't voting for leaders who pass policies that will actually undermine our success and our progress. They're not sophisticated enough yet; they don't know enough yet about the real world to understand the real role of government.

Socialism Masquerading as Capitalism

The goal is to have the best government. that's why we don't let elementary kids vote. Why? because they are not sophisticated enough and even 18-year olds who have never had a job are not able to discern what we need for good government. I am trying to reach more and more young people to help them understand the benefits of freedom and capitalism and understand the dangers of socialism and of socialism that is masquerading as capitalism, crony capitalism and corporatism. We have the U.S. government controlling the economy with regulation and taxes and then blaming everything that goes wrong on the free market. Everything that goes right is because of the free market. Everything we achieve is despite all of the road blocks that government creates and the level to which they go to undermine success.

Turn on to Liberty

So the more young people who can listen to this podcast (younger people are more likely to listen to podcasts) the more knowledgeable voters we'll have to vote for good government. The higher this podcast is ranked, the more people will discover it.  I have heard this story many times: first time listeners who have found me.  Once I turn them on to liberty, once I appeal to them,  I open their eyes. They then do their own research; they start to read. They start to tune out all the propaganda and start thinking for themselves. I can change people's mind.

Help Me Get the Word Out

You can help me change people's minds by posting your rating and review this podcast on iTunes. Put the stars on there and write up a review and help me get my podcast to more people.  That's the way to win this political war. There is a giant move to the left. People have misinterpreted the results of the last election.  The electorate is moving left. That left wave is going to affect the moderates and even the Republicans in this next election. The coming recession will be worse than the last one and is going to be entirely blamed on free market capitalism.

Pierce the Smokescreen of Mainstream Media

We need to make as many people as possible realize that they are being lied to. The media can repeat a lie often enough that people believe it is the truth. The point of my podcast is to get the real truth out there and to pierce the smokescreen of lies that is being blown by the government, by Wall Street, and by the mainstream media.