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Peter Schiff Pans Joe Biden's Unwarranted Inflation Victory Lap! +Must Video

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Via SchiffGold.com / ZeroHedge

Peter Schiff appeared on the Newsmax Saturday Report along with former Rep. Peter King (R-NY) to talk about President Joe Biden’s unwarranted inflation victory lap.

The CPI for July came in slightly cooler than June’s sizzling 9.1%. But even at 8.5%, CPI remains near 40-year highs. But Biden focused on the unchanged month-on-month CPI to declare victory over inflation and claimed he’s building “an economy that works for everyone.”

Host Rita Cosby kicked off the interview by asking Rep. King his views on funding for 87,000 IRS agents in the “Inflation Reduction Act.” King said the spending in the bill will be bad enough and that it will cause “long-term consequences,” but the beefed-up IRS will cause even more damage. He warned the agency will be weaponized to go after political opponents.

Peter Schiff went a step further and said he doesn’t even think the US should have an income tax.

I think the government should fund itself with excise taxes. I don’t think subjecting Americans to these types of audits is the type of country that the founding fathers envisioned when they created this republic.”

Schiff also said he doesn’t think the IRS will use its new manpower to go after billionaires and millionaires.

They can avoid taxes legally. It’s the middle class, it’s small business owners, it’s people who are self-employed — that’s who’s in the IRS crosshairs. And their going to be hit not only with huge tax bills, but interest and penalties that will actually exceed what they owed in taxes.”

CBO analysis of the “Inflation Reduction Act” found that it would collect some $20 billion from people making under $400,000 per year. That breaks a Democrat promise not to raise taxes on people making less than $400K. But Schiff said it’s worse than that.

The inflation tax hits hardest those who earn the least. The fact that Biden is doing a victory dance, I want to throw a flag for taunting.”

Schiff pointed out that while gasoline prices fell last month, driving CPI lower, food prices went up, along with costs in a lot of other categories.

So, it wasn’t a good month. It was another bad month for consumers. It was just masked by a temporary drop in gasoline prices for one month.”

Rep. King wrapped up the interview, saying Biden is “going against reality.” He also pointed out that even though the president can’t control everything in the economy, “the wounds we suffered today are all self-inflicted by Joe Biden.”

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    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 4 comments
    • beLIEve

      US DOLLAR To Be Replaced With Trackable “SPYWARE” :!: A Digital Currency Will Be Digital ENSLAVEMENT For The People :!:

      - Jim Rickards Must VIDEO :idea:

      Tuesday, August 16, 2022 :idea:

      /opinion-conservative/2022/08/us-dollar-to-be-replaced-with-trackable-spyware-a-digital-currency-will-be-digital-enslavement-for-the-people-jim-rickards-must-video-3638603.html

      * :evil: * :idea: * :roll: *

      I have only LISTENED to the first few SECOND$ of the…..Jim Rickards VIDEO above…….. :evil:

      **
      First 50 SECONDS of the VIDEO states………

      March 9th 2022…….”Jo Biden” :lol: …….$IGNED Executive Order 14067……..WITHOUT the APPROVAL of ……..

      Congress……the STATES………US people.

      SECTION 4 of the “Executive Order”………”SET$ the STAGE” :roll: FOR……..

      “Legal” government SURVEILLANCE of all…US CITI-zens……..

      TOTAL CON-TROLL over “your” BANK ACCOUNT$…and……PURCHASES…………

      ……..AND………

      The “ABILITY” to …..$ILENCE”…….ALL DI$$ENTING VOICES…….FOR……..GOOD :!: :evil: :twisted: :idea:

      THEY’RE coming for YOUR MONEY……….

      :idea: 50 SECONDS is all I have listened to :!:

    • beLIEve

      …….Continued……….”Jo Biden”……….Executive ODOUR 14067……..

      **
      F C U K……….DEAD Jo BIDEN…….and the…….MA$K$ and CLONE$………PARA-DING a$…….worthle$$…..

      ………LOOK-ALL-LIKE$ :!: :!:

      F C U K………Worthle$$ & INVALID……….Executive ODOUR…..NUMB-er 14067

      F C U K……..the…….PARA$ITE$ :idea:

      ***
      Each of the 50 INDEPENDENT, SOVEREIGN STATES OF the UNION is a FOREIGN COUNTRY with respect to the other 49 Union states
      AND with respect to the United States government. —— an absolute “MUST READ” :idea: :idea:

      December 21, 2017 · by John-Henry Hill, M.D., Ph.D. :idea: :idea:

      https://johnhenryhill.wordpress.com/2017/12/21/cooperative-federalism-by-dr-gerald-alan-brown-an-absolute-must-read/

      ***

      In “COOPERATIVE FEDERALISM” Dr. Brown explains the DIFFERENCE BETWEEN the jurisdictions of the “United States” (the U.S. government in Washington, DC) and the 50 INDEPENDENT, SOVEREIGN “STATES Of the UNION.”

      He does NOT offer his opinions.

      Instead, he ILLUSTRATES the HISTORICAL FACTS primarily through citations of U.S. Supreme Court decisions.

      EACH of the 50 INDEPENDENT, :idea: SOVEREIGN STATES of the Union is a FOREIGN COUNTRY :idea: with

      respect to the OTHER 49 Union states AND with respect to the United States government……..

    • beLIEve

      ……….Continued……….”Jo Biden”……….Executive ODOUR 14067……..

      EACH of the 50 INDEPENDENT, :idea: SOVEREIGN STATES of the Union is a FOREIGN COUNTRY :idea:
      with respect to the OTHER 49 Union states AND with respect to the United States government.

      Therefore, unless a specific power was given to Congress in the Constitution, acts passed by Congress have
      NO authority OR jurisdiction within the 50 Union states. Such acts passed by Congress (federal statutes) apply
      ONLY within Washington, DC, federal territories, and areas within a state ceded to the United States
      government for certain purposes.

      :idea: INDEED, regulations by executive branch agencies, most rulings by federal courts, and even PRE$IDENTIAL

      “EXECUTIVE ORDER$” :idea: …..APPLY ONLY WITHIN WASHINGTON DC (plus U.S. government employees).

      In short, except for powers explicitly enumerated in the Constitution, the UNITED STATES government……

      ….HA$…..NO JURI$DICTION…..WITHIN ANY OF the :idea: 50 SOVEREIGN STATES :idea: OF

      the UNION for the….SIMPLE FACT…… that …EACH STATE IS ITS OWN SOVEREIGN COUNTRY. :idea:

      Likewise…EACH STATE (A SOVEREIGN COUNTRY) HAS JURISDICTION…….ONLY OVER the PEOPLE…

      WITHIN…..that PARTICULAR STATE :!: :smile: :idea:

      Thus, the NEW YORK STATE government…… has NO JURISDICTION or authority…….OVER a MAN OR

      woman……who RESIDES IN MAINE……. OR…… any OTHER UNION STATES…..OR…..Washington, DC.

      The NEW YORK STATE GOVERNMENT HAS JURISDICTION ONLY WITHIN….ITS PHYSICAL BOUNDARIES.

      All other 49 states of the Union AND Washington, DC are considered “foreign states”

      ….. (i.e., foreign countries). —- by John-Henry Hill :idea:

    • beLIEve

      “LUCIFER”………can’t………$PELL :!: :!: :lol:

      ***

      UN CONFIRMED IN BROADCAST 10 AUGUST – MAN KIND TO BE TERMINATED BY 1 JANUARY 2025 :lol:

      Wednesday, August 17, 2022

      ( beLIEve comment…..I noticed the….SPELL-ing…..of this “AD-VICE”……is a little……IDIOt – SIN – CRAp-IC )

      IN ANOTHER BROADCAST FROM :lol: LUCIFER TRUST IN THE NEY :oops: YORK UN HQ

      ALL MAN KIND TO BE DEAD BY 1 JNN :oops: 2025 – 28 MONTHS

      WHY DEOS :oops: THIS NOW GET TOP BILLING :?:

      EVERY OTHER NEWS STORIES :oops: ARE ”HORSE PUCKY” – ALL DEAD

      WATCH THE UN VIDEO – YOU TOO BFIN ENDITORS :oops: – DEAD AS A DOOR NAIL :lol:

      /politics/2022/08/un-coinfirmed-on-broadcast-10-sugust-man-kind-to-be-terminated-by-1-january-2025-3270553.html

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