Strange Connection with Irwin Schiff’s Funeral

Transporting myself from 2007 to now, I’ve come very far. I would not recognize my life at all if I had teleported here from 8 years ago. Stranger still are the connections I’ve made.

One is a Chabad Rabbi who I somehow made contact with after my Yanklowitz piece on organ sales. This guy runs runs around testing matching donors and he needs money to do this. He found my piece and contacted me. He is a libertarian Chabad Rabbi.

We talked, and I gave him some money and will continue to donate to his organ donation causes, because as much as I hate hypocrites who donate but rail against organ sales (Yanklowitz no longer falls into this category as he has changed to an organ sales supporter, thank God) I do fully support voluntary organ donation since it is a great thing. Exchanging organs for love (or whatever it is you get from donating) is just as wonderful as exchanging organs for money.

So anyway, this Rabbi and I became acquaintances. And the other day he messages me out of the blue that he is the Rabbi who happened to speak at Irwin Schiff’s funeral, which I wish I could have attended. It would have been so meaningful to me both as a Jew and a libertarian to be there, and to be menachem aveilim on all cylinders.

I discovered that a mutual acquaintance of ours, who is involved in the Feiglin movement, suggested to the Schiff family that this Rabbi officiate at the funeral. The Schiffs wanted a likeminded Rabbi to speak, and this guy was the one.

It’s just great that the libertarian movement in the US and Israel is connected at these critical “pressure points”. I love it.

The coolest part, which I will not share photo evidence of out of respect for the privacy of spirituality, is that I have a picture of Peter Schiff with tefilin on. It is not doctored or photoshopped. It’s Schiff wearing tefilin.

From what I know of Schiff, his family is not religious, but he and his family are infused with Jewish identity. That is what matters most. I am told that a gentile drove three hours to speak out of the blue at the funeral, promising to keep up the fight against the income tax and broke down crying. What a perfectly beautiful Kiddush Hashem, on every single level.

The whole Schiff family makes me proud to be a Jew.

Baruch Dayan Emet, Irwin Schiff Passes Away at 87

Irwin Schiff is the father of Peter and Andrew Schiff. Many know Peter for his libertarian activism, his brokerage Europac, his prediction of the housing bubble and his bank, Europac Bank which I have a link for up in my menu bar.

Irwin Schiff died על קידוש השם ממש, he died as a martyr for the cause of liberty. He was a Polish born Jew who escaped the Holocaust, thank God. He was arrested for not paying income taxes because he refused to do so. He was arrested in 2005 for tax evasion, serving a 13 year sentence. He died after 10.

I remember hearing Peter talk about his father’s influence on him, and how he introduced Peter to real economics and liberty. Peter’s most popular book, How an Economy Grows and Why it Crashes, is a wonderful introduction to real sound economics from the ground up, especially for kids, based off a short story that his father had told to Peter and Andrew when they were kids. It is important to read this book to your children before government propaganda gets to them through media and poisons their minds into thinking that centrally planned monetary systems are normal.

Irwin was a great man, a great Jew, and a Kiddush Hashem in the real, full sense. His influence through his sons will be very long lasting. He chose to fight the State head on and he paid for it with his freedom. If you choose to fight the State head on, which I do not recommend and which I do not do myself, then be prepared because they will fight you and they will take away your freedom, whatever you have left of it, and if pushed hard enough they will kill you.

After reading How an Economy Grows and Why it Crashes and hearing about Irwin’s influence on Peter, I’ve considered Irwin a sort of father figure to me as well. It is then a bit eerie that he happened to pass away on my own father’s birthday.

Peter and Andrew, המקום ינחם אתכם בתוך שאר אבילי ציון וירושלים.

Peter Schiff: Stay the Course, Things are About to Get Rough

Peter Schiff’s understanding of economics, while not as good and in depth as Robert Wenzel’s for instance, is still very good when it comes to the end game. Whereas someone like Wenzel is arguably better at spotting more twists and turns within the business cycle, Schiff is good at pounding away at the inevitable.

While Wenzel holds that the Fed will nominally raise rates around September, Schiff holds that they won’t, and at that point, the cat will be out of the bag and everyone will realize that rates will never, ever rise.

Wenzel holds that rates will rise nominally in September, but will not rise fast enough to damper the coming price inflation. I don’t know which one is correct. I lean towards Schiff.

The key takeaway from this is that when spotting a bubble, you either look like a fool before it pops, or you look like a fool after it pops. Right now I, he, and all gold bugs, look like fools. But not for much longer. Bring on the ridicule now. Heap it on. In the end, we will have the last laugh, and it will be a big one.

Here he is, in one of his most powerful video blogs in recent memory, in my opinion.