Congressman: Sherrod's Hiring Should Be Investigated

Yesterday, I had the opportunity to interview Congressman Steve King (R-Iowa) for my radio show, "The Ben Shapiro Show," which broadcasts every Sunday 1-4 PM ET in Orlando, FL. The topic of Shirley Sherrod came up, and in particular, the topic of the so-called Pigford Farms settlement.

For background, the Pigford Farms case is a class-action lawsuit filed against the federal government on behalf of black farmers and black wannabe farmers, who say they were discriminated against in loan proceedings. The federal government settled Pigford Farms for an unbelievable $1.15 billion. An incredibly high percentage of those receiving awards under this settlement have done so fraudulently.



Shirley Sherrod was not only an initiator of the Pigford Farms case, she received a chunk of change for her company, New Communities, Inc. To be accurate, she received the largest chunk of change for New Communities -- $13 million. New Communities was a bankrupt commune-type land trust held by Sherrod and her husband. She and her husband personally received $150,000 each to compensate them for "pain and suffering."



I asked Congressman King about this, because he is on the House Agriculture Committee. He pledged that if Republicans won the House back in November, he would initiate an investigation into Sherrod's hiring, which is deeply suspicious at best. Why would the USDA, which had been shaken down by Sherrod, hire her?



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The past several months have seen the price of gold slump even as the Fed and other central banks have accelerated their massive expansion of paper money. Gold is off about 20% so far this year with silver down almost 30%. The old adage--“don’t fight the Fed”--particularly comes to mind now because the US equity markets have been setting new highs during this same period. All of these gains are nominal, you understand, but for terrified American policy makers and investors, nominal is just fine.

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