Posts Tagged ‘Economic’

Marilyn M. Barnewall — What is Fiat Currency? What is Money?, Part 2

July 6, 2014 1 comment


By Marilyn MacGruder Barnewall

July 6,[NOTE: For those who will react to this article by commenting on alternative currencies like Bit Coin, please read my News With Views article on that topic here. Almost everything I predicted about how Bit Coin could be brought down or controlled by the federal government has occurred since the article was written.


bigbrowatch (Photo credit: GunnyG1345)








]It’s important for you to know these things because as long as you don’t know them, you can be manipulated by those who do not have your interest – or that of America – at heart.Hopefully, you realize the reason the United States is in such dire economic straits is largely because the people of America have enabled corruption at high levels.


ourAmerica (Photo credit: GunnyG1345)








We, the people, did not take our responsibilities as a free society seriously and preferred television and other forms of entertainment to learning what we need to know to make sure those we elect to represent them are doing their job – rather than stealing from them.First, the traditional definition of fiat currency – a paper currency with no value unless backed by something with a defined value, like precious metals. Paper currency that is not backed by something of value is… worthless.


gophum (Photo credit: GunnyG1345)






I disagree with the traditional definition because the currency of the United States and other nations, too is backed by the taxpayers. As long as taxpayers can be put in prison for not paying their taxes, paper currency is backed by the tyrannical threat of government actions against taxpayers.As long as government can penalize your bank account and it can under Dodd-Frank and your IRA or pension and it can, the fiat currency controlled by the Federal Reserve System is not worthless.


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Ted Cruz invokes 19th century French economist Bastiat in Obamacare tweet

May 25, 2014 1 comment

Ted Cruz invokes 19th century French economist Bastiat in Obamacare tweet

The Blaze ^ | Apr. 7, 2014 2:49pm | Benjamin Weingarten

Posted on 5/25/2014, 1:19:00 PM by SoConPubbie

In January we wrote about how a number of events occurring in Washington D.C. and the country more broadly were predicted by French classical liberal, economic journalist and legislator Frédéric Bastiat in an obscure 1850 pamphlet, “The Law.”


cruzone (Photo credit: GunnyG1345)



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By Thomas DiLorenzo ~ The Beltarian Cult –

January 2, 2014 1 comment

The old Chicago School of economics that was associated with Milton Friedman, George Stigler, Gary Becker, Arnold Harberger, Sam Peltzman, and others was famous within the economics profession for its intensely combative, argumentative, and sometimes raucous seminars.

Every speaker who gave a presentation, even Nobel prize winners, was challenged, questioned, and called out if he said something that someone thought to be incorrect.


pattonpol (Photo credit: GunnyG1345)



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Judge Andrew Napolitano’s 3min 23s Econ Biscuit, for “Debt Destroys!” America is still paying back Wilson’s WWI Debt! | Peace . Gold . Liberty

October 24, 2013 Leave a comment
English: Judge recording an episode of at CPAC...

English: Judge recording an episode of at CPAC in . (Photo credit: Wikipedia)












Judge Andrew Napolitano\’s 3min 23s Econ Biscuit, for \”Debt Destroys!\” America is still paying back Wilson\’s WWI Debt!


Submitted by AnCapMercenary on Wed, 10/23/2013 – 16:10






The Mises View: \”Government Debt Addiction\” | Judge Andrew P. Napolitano




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China’s Official Press Agency Calls For New Reserve Currency, And New World Order

October 13, 2013 1 comment

China\’s Official Press Agency Calls For New Reserve Currency, And New World OrderZero Hedge ^ | 10-13-13 | Tyler DurdenPosted on Sunday, October 13, 2013 1:57:23 PM by RKBA



realobam (Photo credit: GunnyG1345)












DemocratWe assume it is a coincidence that on the day in which we demonstrate China\’s relentless appetite for gold, driven by what we and many others believe is the country\’s desire to have a call option on a gold-backed reserve currency when the time comes, just posted in China\’s official press agency,



ayersflag (Photo credit: GunnyG1345)


Xinhua, is an op-ed by writer Liu Chang in which he decries the \”US fiscal failure which warrants a de-Americanized world\” and flatly states that the world should consider a new reserve currency \




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Our Federal Government Is Twice as Bankrupt as Detroit… “Then, in 1960, everything changed. Liberal Democrats came to power (and have held power since). Their ideas about using the government to build a “Great Society” – using the government to provide a cradle-to-grave social safety net – have slowly transformed Detroit from the wealthiest city in America to a hellhole.”

August 1, 2013 1 comment

bigbrowatch (Photo credit: GunnyG1345)








Our Federal Government Is Twice as Bankrupt as Detroit


Stansbury Research ^ | 7/31/2013 | Porter Stansbury


Posted on Thursday, August 01, 2013 6:49:15 AM by IbJensen






Detroit declared bankruptcy a few days ago.


I’ve written, for years, about how Detroit should serve as a stark warning to Americans who believe in liberal social policies, like highly progressive taxes and expensive social safety nets.




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In Case You Don’t Appreciate How Fast The ‘Windows Monopoly’ Is Getting Destroyed…

July 17, 2013 Leave a comment

In the late 1990s, a single technology company became so unfathomably rich and powerful–and so hellbent on dominating not just its own industry but a massive and rapidly growing new one–that the U.S. government dragged the company into court and threatened to break it up over anti-trust violations.


Bill Gates

Cover of Bill Gates


That’s not at all what happened.


What happened was Bill Gates wasn’t making political donations, and the Democrats dragged him in by the short hairs and taught him the error of his ways.




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In Case You Don’t Appreciate How Fast The ‘Windows Monopoly’ Is Getting Destroyed…

July 17, 2013 Leave a comment

In Case You Don’t Appreciate How Fast The ‘Windows Monopoly’ Is Getting Destroyed..


.Business Insider ^ | 07/17/2013 | Henry BlodgetPosted on Wednesday, July 17, 2013 11:09:32 AM


by SeekAndFind



big (Photo credit: GunnyG1345)




In the late 1990s, a single technology company became so unfathomably rich and powerful–and so hellbent on dominating not just its own industry but a massive and rapidly growing new one–that the U.S. government dragged the company into court and threatened to break it up over anti-trust violations.


The case was settled, and the company, Microsoft, agreed to play nicer.But it turned out that the world had nothing to worry about.






As often happens in the technology industry, what has really destroyed Microsoft’s choke hold on the global personal computing market over the past 15 years hasn’t been a legal threat but a market shift.Just when it looked like Microsoft’s vision of the PC as the center of the tech world would lead to the creation of the world’s first trillion-dollar company, the Internet came along.



propdispl (Photo credit: GunnyG1345)




And it washed over the PC industry like a tidal wave swallowing a pond.In terms of market value, Microsoft’s loss of power has long been visible: The stock is still trading at about half the level it hit at the peak of the tech boom 13 years ago.




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MAYBE IT’S NOT AN ACCIDENT (good read)… “Like the federal government. At this stage, it’s pretty hard to believe that its incompetence isn’t on purpose. It’s pretty hard to avoid the conclusion that somebody has decided to put the ship on the rocks. I don’t believe in conspiracies. But I do believe in selfishness, egomania, venality, avarice, covetousness and stupidity. In short, I do believe in evil. And I do believe that evil has destroyed more governments than one, annihilated more civilizations than one.”

May 29, 2013 3 comments


MAYBE IT’S NOT AN ACCIDENT (good read) ^ | 05/29/13 | Bob Lonsberry

Posted on Wednesday, May 29, 2013 8:48:27 AM by shortstop

If you’re playing basketball and the guy elbows you under the net, it’s an accident.

The first time.

After that, you’ve got to figure he’s doing it on purpose.

That’s how life is. Once is a fluke, twice is a pattern. When somebody does something over and over, it’s pretty hard to believe that it’s not on purpose.

It’s pretty hard to believe that he’s not gunning for you.

Like the federal government.

At this stage, it’s pretty hard to believe that its incompetence isn’t on purpose. It’s pretty hard to avoid the conclusion that somebody has decided to put the ship on the rocks.

I don’t believe in conspiracies.

But I do believe in selfishness, egomania, venality, avarice, covetousness and stupidity. In short, I do believe in evil. And I do believe that evil has destroyed more governments than one, annihilated more civilizations than one.

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Is the American Economy Being Deliberately Destroyed? (Vid-8:48)

December 15, 2012 Leave a comment

Is the American Economy Being Deliberately Destroyed? (Vid-8:48) ^ | 14DEC12 | bill whittle

Posted on Saturday, December 15, 2012 1:04:41 PM by bayouranger

Is the looming economic destruction of America deliberate? Bill Whittle thinks so. So do I.

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Two of a Kind: Republican and Democratic proposals for the fiscal cliff hardly differ

December 5, 2012 Leave a comment

For all those who think that our deficit is caused by a dearth of revenue, consider this thought experiment. In 2012, the federal government will spend $3.56 trillion. Last week’s Powerball jackpot was a reported $587.5 million, the largest winning Powerball payout ever. In order to finance current spending, the federal government would have to hit that jackpot 6,570 times.

As recently as fiscal year 2001, President Clinton’s last budget, federal spending amounted to just $1.9 trillion. If spending since 2000 had simply increased at the rate of inflation plus population growth, spending this year would have been less than $2.69 trillion. Our budget deficit this year, despite those Bush tax cuts and a recession-driven decline in revenue, would have been just $241 billion, compared with an actual deficit of more than $1.1 trillion.

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CEOs Warn Congress of ‘Grave Consequences’ in Taxmageddon

October 19, 2012 Leave a comment

gophum (Photo credit: GunnyG1345)



RPREVOLU (Photo credit: GunnyG1345)


Today a letter was sent to the President and members of Congress by 15 CEOs from some of the largest financial institutions in the U.S. The 15 CEOs who signed the letter represent the Financial Services Forum, a non-partisan organization that deals specifically with financial and economic policy.



garyjohnson (Photo credit: GunnyG1345)



In the letter, they urge for the avoidance of the coming Taxmageddon and warn of the dire effects that inaction would have on the economy: “The consequences of inaction—for stability in global financial markets, for economic growth, for millions of Americans still without work, and for the financial circumstances of American businesses and households—would be very grave.”


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Thomas J. DiLorenzo :: Organized Crime: The Unvarnished Truth About Government

July 22, 2012 2 comments


Politics and thieves, coercion and regulation, fascism and the Fed, centralization and liberty, workers and unions, trade and freedom, free-market achievements and government disasters in American history—this book covers it all!

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Times That Try Men’s Souls… (“Most of us have the herd mentality. It is comforting for us to stay in the middle of the herd where it is safe, while the point person and those around the periphery display unusual courage”)

July 17, 2012 1 comment


Most of us have the herd mentality. It is comforting for us to stay in the middle of the herd where it is safe, while the point person and those around the periphery display unusual courage. America’s socio/economic landscape has been scorched by a burning desire for change 70 years in its development. Somehow the corporation has become an evil empire. Corporations built the Ford automobile, gave us the electric light bulb, the telephone, the microwave, private corporations accounted for 79–90% of life saving pharmaceutical products.


GyGRet (Photo credit: GunnyG1345)


gophum (Photo credit: GunnyG1345)

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Current Events: The End of Civilization As We Know It

July 2, 2012 4 comments

Current Events: The End of Civilization As We Know It

Objective Economics ^ | M. Northrup Buechner

Posted on Monday, July 02, 2012 11:59:01 AM by NCjim


beerdrinkundawg (Photo credit: GunnyG1345)

We may be seeing the beginning of the end of the model for civilized governance that has dominated Western civilization since WWII. That model has been provision by the state of all or most of the needs of its people combined with the popular election of the government. Or, in other words, the welfare state plus democracy……………

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America’s Future: Instability, Insecurity, Inflation, and Insurrection?

June 23, 2012 Leave a comment

Is America about to hit an iceberg, or to change metaphors in midstream, are we about to experience a train wreck unlike any other?

Economic disaster is dead ahead and we are racing toward it at an incredible speed. Elected officials, of both parties, are reckless, hopeless, irresponsible, and criminal.

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Prison » Ron Paul v. Paul Krugman

May 1, 2012 Leave a comment

Who do you think won the debate? Did stimulus (Paul Krugman’s position), debt liquidation (Ron Paul’s perspective), or something else end the Great Depression?

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Federal travelers receive $36 of taxpayer money for dinner

March 20, 2012 Leave a comment

Tax (Photo credit: 401K)

Federal travelers receive $36 of taxpayer money for dinner

Milwaukee Story ^ | 03.20.12 | Dan Rutter

Posted on Tuesday, March 20, 2012 12:28:40 PM by JudgeNap

Is it really necessary that federal travelers have about a $30 meal when on travel (and a $6 tip)? American taxpayers would be unlikely to think so, and if they found out that federal travelers were having that expensive of a dinner paid for by the government there would be justifiable public outrage. Many in our nation are struggling to even provide basic meals for their families, why should federal travelers be afforded such luxury? Do not worry it gets worse…

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Learn Austrian Economics | Tom Woods

February 10, 2012 4 comments
English: German philosopher of Austrian School...

Image via Wikipedia

The past several years have seen a revival of interest in the Austrian School of economics. For some background on the Austrian School, read this essay and this essay.

I’ve assembled this resource list to help beginners embark on a program of self-education in the Austrian School. I have marked a few titles with to indicate their importance.

Many of the books and audiobooks, in addition to all of the articles, that appear on the list below are available to read or listen to online.

An Introduction to Economic ReasoningThese books, all relatively short and available online or for purchase, are an excellent starting point for an education in sound economics.

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Learn Austrian Economics by Thomas E. Woods, Jr.

December 20, 2011 4 comments

The past several years have seen a revival of interest in the Austrian School of economics. (For some background on the Austrian School, read this essay and this essay.) I’ve assembled this resource list to help beginners embark on a program of self-education in the Austrian School. I have marked a few titles with ** to indicate their importance.

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Is A Free America An Anachronism?

December 18, 2011 1 comment


by Ron Ewart, ©2011

(Dec. 18, 2011) — NOTE:  We know it is a little lengthy, but sometimes truth and reality take longer to explain.

“If you are standing and look at the ground, your perspective and your field of view are quite limited.  If however, you are standing on the top of a mountain and look straight ahead, your horizons broaden exponentially.”    Ron Ewart

Anachronism“person or a thing that is chronologically out of place; especially: one from a former age that is incongruous in the present.”


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One Consistent Voice of Opposition – Doug French – Mises Daily

December 8, 2011 1 comment

Remember the promises of economic recovery? Two presidents have now made them and spent (and printed) many trillions to see them come true. There was QE1, QE2, Operation Twist, and thousands of other tricks.

And yet the economy is sinking ever more. Incomes are falling more now than two years ago. Job prospects for young people are in the pits. This entire fiasco represents one of the great failures of the state and the economic theories the state has tried. They promised a dream and delivered disaster.

The Mises Institute has been the one consistent voice of opposition from the very beginning of this crisis. We stood nearly alone against Bush’s bailout schemes and continued that opposition through the Obama years. Not only that: our editorials and publications had warned of the crisis before it happened.

We’ve prepared for this opportunity for 30 years with conferences, books, fellowships, and programs of every sort. We had every technology in place and many thousands of intellectuals around the world who have learned from what the Mises Institute does.

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Who Said This?

November 14, 2011 Leave a comment

Who Said This?

11/14/11 | self

Posted on Monday, November 14, 2011 6:52:45 PM by Don Corleone

For the United States, it should put its house in order before chiding others. Since the onset of U.S. subprime crisis in 2007, it was the country’s domestic economic problems that triggered a disastrous financial crisis that swept the world. Excessive spending for many years has added up debts. Meanwhile, traditional strong industries such as finance and auto were devastated by the crisis, pushing up unemployment.

In face of such serious domestic problems which probably could trigger a new global economic tsunami, many U.S. politicians seemed only to care about how many votes they could get, without having a single thought about what kind of the global responsibilities the country should take. Thus it should come as no surprise that the angry “Occupy Wall Street” protesters are calling for an end to the political tricks in Washington.

Who Said it?

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The Equality Racket

November 11, 2011 Leave a comment

The Equality Racket ^ | November 11, 2011 | Pat Buchanan

Posted on Friday, November 11, 2011 8:15:36 AM by Kaslin

Our mainstream media have discovered a new issue: inequality in America. The gap between the wealthiest 1 percent and the rest of the nation is wide and growing wider.

This, we are told, is intolerable. This is a deformation of American democracy that must be corrected through remedial government action.

What action? The rich must pay their fair share. Though the top 1 percent pay 40 percent of federal income taxes and the bottom 50 percent have, in some years, paid nothing, the rich must be made to pay more.

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The Tale of the Dueling Economists (Keynes and Hayek)

October 29, 2011 1 comment

JOHN MAYNARD KEYNES and Friedrich Hayek. The names conjure opposing poles of thought about making economic policy: Keynes is often held up as the flag bearer of vigorous government intervention in the markets, while Hayek is regarded as the champion of laissez-faire capitalism.

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YES.1984+ IS UPON US.RIGHT NOW! : The ‘Third Way’ Bubbles Are Bursting

October 15, 2011 Leave a comment

The ‘Third Way’ Bubbles Are Bursting

The ‘Third Way’ Bubbles Are Bursting:

When the financial crisis hit three years ago, many gleeful leftists assumed that the long-anticipated failure of the free-market system had finally come and that this crisis would do for capitalism what the fall of the Berlin Wall did for communism. In fact, it is not capitalism that is failing.

We are beginning to see this in Europe, where the debt crisis is a crisis of the welfare state. I think we are also about to see it, possibly in a more spectacular way, in another leading example of a capitalism-socialism hybrid: the so-called “state capitalism” of China.

As the global recession began, the government of China chose to weather the economic storm by followed the same rotten advice we were getting back here: the Keynesian idea of “stimulating” the economy with borrowed government money. They just took that idea more seriously…..

(Excerpt) Read more at …

via ~ BLOGGER.GUNNY.G ~ YES.1984+ IS UPON US.RIGHT NOW! : The ‘Third Way’ Bubbles Are Bursting.

Why the State Demands Control of Money – Hans-Hermann Hoppe – Mises Daily

October 13, 2011 1 comment

Imagine you are in command of the state, defined as an institution that possesses a territorial monopoly of ultimate decision making in every case of conflict, including conflicts involving the state and its agents itself, and, by implication, the right to tax, i.e., to unilaterally determine the price that your subjects must pay you to perform the task of ultimate decision making.

To act under these constraints — or rather, lack of constraints — is what constitutes politics and political action, and it should be clear from the outset that politics, then, by its very nature, always means mischief. Not from your point of view, of course, but mischief from the point of view of those subject to your rule as ultimate judge. Predictably, you will use your position to enrich yourself at other people’s expense.

More specifically, we can predict in particular what your attitude and policy vis-à-vis money and banking will be.

Assume that you rule over a territory that has developed beyond the stage of a primitive barter economy and where a common medium of exchange, i.e., a money, is in use. First off, it is easy to see why you would be particularly interested in money and monetary affairs. As state ruler, you can in principle confiscate whatever you want and provide…..


via Why the State Demands Control of Money – Hans-Hermann Hoppe – Mises Daily.

Greg Evensen — The Cart is Uselessly Before the Horse

October 11, 2011 1 comment

The corrupted elite have three uncompromising goals for society and they have it all. Ultimate power, control of the money supply, and control of the people through unconstitutional mandates drawn up in congress, signed by a treasonous president, and codified by a politicized bought off judiciary. America has followed the same dead-end road as all previous societies. They are prosperity, corruption, police state, rebellion, (rejuvenation) or collapse. Must I point out where we are? Every society that has ever lived and died had that moment where their nation could have been salvaged. None so far has taken that redemptive course…………



via Greg Evensen — The Cart is Uselessly Before the Horse.

The Unattainable Illusion Never Changed

September 25, 2011 Leave a comment

Things out there in the real world are getting pretty bad. The illusion of Marxism that handed the power to government to intervene and manipulate the people to control the economy is crumbling before our eyes falling to nothing but dust. This turn for the worst is being caused by a collapse in in government. The polls show we are approaching two-thirds of Americans don’t even trust government any more. This feeling is rising mutually on a global scale. While it is true that the Austrian School of Economics at least recognizes that there is a Business Cycle and “mainstream” economics calls trying to measure the Business Cycle numerology because they are closet Marxists who believe the economy can be manipulated, my work is squarely between these two schools with the former at least acknowledging there is a Business Cycle and the other stuck in a state of denial clinging to their Unattainable Illusion…This is what is collapsing. Years of manipulation by intervention and over-regulation is now coming back to tear everything apart at the seams. They refuse to listen. You cannot force capital to flow to unprofitable regions any more than you can force water to flow up instead of down…

(Excerpt) Read more at …

via The Unattainable Illusion Never Changed.

Canada more economically free than the United States but [...] (partial title)

September 24, 2011 Leave a comment

Canada more economically free than the United States but [...] (partial title)

Canada more economically free than the United States but [...] (partial title):

TORONTO, ON — Canada has surpassed the United States for levels of economic freedom, according to a new report released today by the Fraser Institute, Canada’s leading public policy think-tank.

Canada ranks sixth in the world for economic freedom with score of 7.81 while the United States fell to 10th overall with a score of 7.60, according to the Economic Freedom of the World: 2011 Annual Report.

But Canada’s score actually decreased this year from 7.95 in 2010, part of an overall decline in levels of economic freedom around the globe. This year’s report shows that the average economic freedom score worldwide fell to 6.64 in 2009 (the most recent year for which data are available) from 6.67 in 2008.

“Despite Canada’s relatively high……….


via BLOGGER.GUNNY.G.1984+ NOW!: Canada more economically free than the United States but [...] (partial title).

The Attack on Accidental Americans | Ludwig von Mises Daily Email

September 21, 2011 Leave a comment

The Attack on Accidental Americans | Ludwig von Mises Daily Email

The Attack on Accidental Americans | Ludwig von Mises Daily Email:

When Julie Veilleux discovered she was American, she went to the nearest US embassy to renounce her citizenship. Having lived in Canada since she was a young child, the 48-year-old had no idea she carried the burden of dual citizenship. But the renunciation will not clear away the past ten years of penalties with the Internal Revenue Service (IRS).[1]

Born to American parents living in Canada, Kerry Knoll’s two teenaged daughters had no clue they became dual citizens at birth. (An American parent confers such status on Canadian-born children.[2] ) Now the IRS wants to grab at money they earned in Canada from summer jobs; the girls had hoped to use their RESPs (registered education savings plans) for college.[3]

The IRS is making a worldwide push to squeeze money from Americans living abroad and…………………


via BLOGGER.GUNNY.G.1984+ NOW!: The Attack on Accidental Americans | Ludwig von Mises Daily Email.

Prison » Bernanke: Fed May Launch New Round of Stimulus

July 13, 2011 Leave a comment

Federal Reserve Chairman Ben Bernanke told Congress Wednesday that a new stimulus program is in the works that will entail additional asset purchases, the clearest indication yet that the central bank is contemplating another round of monetary easing.

Bernanke said in prepared remarks that the economy is growing more slowly than expected, and should that continue the central bank stands at the ready with more accommodative measures.

“Once the temporary shocks that have been holding down economic activity pass, we expect to again see the effects of policy accommodation reflected in stronger economic activity and job creation,” he said

“However, given the range of uncertainties about the strength of the recovery and prospects for inflation over the medium term, the Federal Reserve remains prepared to respond should economic developments indicate that an adjustment in the stance of monetary policy would be appropriate.”

Full story here.

via Prison » Bernanke: Fed May Launch New Round of Stimulus. Social Network – Secret Federal Reserve Location Revealed

July 7, 2011 Leave a comment

Just released today, the SECRET LOCATION of a New Federal Reserve Property. In a densely wooded area in Richmond Virgina lies the heavily guarded office building. According to a report, “Information about the function and location of the property are classified by the Federal Reserve System, and employees are prohibited from discussing the site with anyone outside the organization.” The facility is known as the Federal Reserve West Creek Operations Center. So why the veil of secrecy? The report, issued by the government transparency advocates at states, “There is no reference to the Federal Reserve on the property. At the entrance is a black sign with white letters that reads “West Creek Operations Center.” Security gates, hydraulic vehicle barriers, and guards with loaded weapons control access to the parking lot. A meticulously maintained and patrolled perimeter fence encloses the property.” The 200,000 square foot facility, located 12560 West Creek Parkway in Richmond was purchased by the Federal Reserve Bank of Richmond in 2004 from the Heilig-Meyers Furniture Co. At this classified location is where the Federal Reserve Information Technology employees are housed. One can only assume with all the hacking of government facilities this would be a prime target for groups like antisec and anonymous. Add this location to your list of Federal Reserve locations next time you decide to plan a rally for sound money.

via Social Network – Secret Federal Reserve Location Revealed.

Economic Collapse a Mathematical Certainty

June 29, 2011 3 comments

The dollar collapse will be the single largest event in human history. This will be the first event that will touch every single living person in the world. All human activity is controlled by money. Our wealth,our work,our food,our government,even our relationships are affected by money.

No money in human history has had as much reach in both breadth and depth as the dollar. It is the de facto world currency. All other currency collapses will pale in comparison to this big one. All other currency crises have been regional and there were other currencies for people to grasp on to.

This collapse will be global and it will bring down not only the dollar but all other fiat currencies,as they are fundamentally no different. The collapse of currencies will lead to the collapse of ALL paper assets. The repercussions to this will have incredible results worldwide.

(Excerpt) Read more at …

via Economic Collapse a Mathematical Certainty.

The Fed Will Make Sure Obama Wins in 2012: Strategist (will push Q3 to save him)

April 28, 2011 Leave a comment

The Fed Will Make Sure Obama Wins in 2012: Strategist (will push Q3 to save him)

The Fed Will Make Sure Obama Wins in 2012: Strategist (will push Q3 to save him)

cnbc ^ | Thursday April 28, 2011 | Patrick Allen

Posted on Thursday, April 28, 2011 9:26:47 AM by Bigtigermike

As we approach next year’s presidential elections, the chances of President Barack Obama being ousted by a rival from either side of the political divide are low, according to Thanos Papasavvas, the head of currency management at Investec Asset Management.

“History is very much on the side of the incumbent President and unless we have a double-dip recession with a significant increase in unemployment I don’t believe Obama will lose 2012,” Papasavvas said in an interview with CNBC on Thursday.

“On the economic side, any signs of a deteriorating economic environment will see the Fed enacting QE3 (the third round of quantitative easing, or creating money) and hence indirectly reducing the probability of the economy derailing Obama,” Papasavvas added.

With the Republicans divided and no major rival yet to emerge, Papasavvas believes the American right wing will keep its powder dry for 2016 when four years of fiscal austerity will play into their hands.

(Excerpt) Read more at …

via BLOGGER: Gunny.G.1984.+: The Fed Will Make Sure Obama Wins in 2012: Strategist (will push Q3 to save him).

The Average American Family Has Been Broke Down, Beat Down, Busted And Disgusted By This Economy

April 18, 2011 Leave a comment

The Average American Family Has Been Broke Down, Beat Down, Busted And Disgusted By This Economy

The Average American Family Has Been Broke Down, Beat Down, Busted And Disgusted By This Economy

The American Dream ^ | 4-17-2011 | TAD

Posted on Monday, April 18, 2011 2:24:02 AM by blam

35 Statistics That Show The Average American Family Has Been Broke Down, Tore Down, Beat Down, Busted And Disgusted By This Economy

April 17, 2011

The economic statistics that you are about to read are incredibly shocking, but they are also very, very real. Tonight there are going to be millions of men and women all across America that cannot sleep because they are consumed with anxiety about their financial problems.

Even as you read this, there are a lot of parents out there that are trying to figure out how to explain to their children why their homes are being taken away. There are also hordes of very hard working Americans that are incredibly frustrated because they have sent out thousands of resumes and yet they can’t seem to get a job interview. Have you ever been at a point where you couldn’t pay the mortgage or put food on the table for your family? It can be an absolutely soul-crushing experience.

In fact, there are some cities in the U.S. that have been so utterly devastated by this economy that it seems as though virtually everyone has had the hope sucked right out of them.

The mainstream media is trying to convince all of us that we are in an economic recovery, but that is a lie. The truth is that we are in the middle of a long-term economic decline and the greatest economy in the history of the world is dying right in front of our eyes.

The average American family is under more economic stress right now than at any other time since the Great Depression. Just check out the following statistics…………………

via Gunny G: BLOGGER 1984 +: The Average American Family Has Been Broke Down, Beat Down, Busted And Disgusted By This Economy.

Federal Reserve Tells: Something Big Is Going Down And It’s Not Good

March 27, 2011 Leave a comment

I doubt you will see this chart in the mainstream media any time soon… if EVER. This is a chart of the US monetary base. In simple terms, it charts how much money the Fed has pumped into the system (at least that it admits). So it’s a kind of visual of the Fed hitting the PANIC button: when the monetary base explodes higher, the Fed is FREAKING out. You’ll note that during the Financial Crisis the Fed didn’t do much until the autumn of 2008 when it pumped nearly $1 trillion into the system. Think about that, the Fed didn’t go nuts pumping money until the stuff REALLY hit the fan. You’ll also note that there’s only one other time when the monetary base went absolutely vertical: TODAY. Indeed, the Fed has pumped nearly $500 billion into the system since the start of 2011. Don’t even try to tell me this is QE 2. If it was then the monetary base should have spiked in late 2010, NOT in 2011. No, this is the Fed FREAKING OUT about the financial system again. And it’s a freak out on par with 2008. So if you think that all is well “behind the scenes” you’re in for a rude surprise. Something BIG is going down and it’s NOT good. And rest assured, by the time the mainstream media announces what it is, it will already be in full swing. Prepare Now!

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via Federal Reserve Tells: Something Big Is Going Down And It’s Not Good.

Unreported Soros Event Aims to Remake Entire Global Economy

March 24, 2011 2 comments

Two years ago, George Soros said he wanted to reorganize the entire global economic system. In two short weeks, he is going to start – and no one seems to have noticed.

On April 8, a group he’s funded with $50 million is holding a major economic conference and Soros’s goal for such an event is to “establish new international rules” and “reform the currency system.” It’s all according to a plan laid out in a Nov. 4, 2009, Soros op-ed calling for “a grand bargain that rearranges the entire financial order.”

The event is bringing together “more than 200 academic, business and government policy thought leaders’ to repeat the famed 1944 Bretton Woods gathering that helped create the World Bank and International Monetary Fund. Soros wants a new ‘multilateral system,” or an economic system where America isn’t so dominant.

More than two-thirds of the slated speakers have direct ties to Soros. The billionaire who thinks “the main enemy of the open society, I believe, is no longer the communist but the capitalist threat” is taking no chances.

via Unreported Soros Event Aims to Remake Entire Global Economy.

64% Say Middle Class Americans Pay the Largest Share of Their Income in Taxes

March 18, 2011 Leave a comment

Most Americans continue to believe…

via 64% Say Middle Class Americans Pay the Largest Share of Their Income in Taxes.

The “Battle for Our America” Series – Part One| The Post & Email

March 10, 2011 2 comments


by Maj. Gen. Paul E. Vallely (Ret.), ©2011

The American people are angry with its national leadership or lack thereof because of the many negatives that include an unemployment rate that is hovering around 9 percent, rising prices and the specter of inflation, over-reaching mandates, the national debt exceeding $14 trillion, increasing food, energy, commodity prices and, worst of all, Americans feel betrayed, lied to, and manipulated. By a large majority, we demand a tidal change, NOW. The people demand change that actually means something positive; change that returns America to her foundations and core values.

via The “Battle for Our America” Series – Part One| The Post & Email.

How To End the Federal Reserve System by Gary North

March 10, 2011 1 comment

How To End the Federal Reserve Systemby Gary NorthRecently by Gary North: You Could Become an Amateur Historian . . . and Get a Promotion Things are not always as complicated as they seem. With respect to the Federal Reserve System, it is a deliberate mystery.

It was deliberately designed in 1910 to deceive the public, who were opposed the idea of a central bank. The conspirators who met on Jekyll Island in November 1910 knew this.

They did good work from their point of view. They concealed the beast.The general public today knows little about the FED. Prior to Ron Paul‘s Presidential run in 2007-8, far fewer people understood it.I have been asked: “How could we get rid of the Federal Reserve?

What will replace it?” The answer: either the free market or Congress.People who think of themselves as free market people often are not. The tax-funded public schools and the state-regulated and accredited university faculties have taught that the modern system of intrusive civil government is necessary for an orderly society. People cannot imagine a market-based society.There is an old saying, “You can’t beat something with nothing.” But the free market social order is not nothing. It is expanding around the world, which is why the world is getting richer.At the Federal level, a free market social order in banking existed prior to 1914. That was back when the dollar was worth over 20 times what it is worth today. On this point, see the inflation calculator of the Bureau of Labor Statistics.

We can go back to that system. We will go back to it. The question is: When? The other question is: At what price?ENDING THE FED BY LAWRon Paul could introduce a bill to end the Federal Reserve System. He could call it: “The Monetary Liberty Act.” It would get known as the “End the Fed Act.” Here is what the text might say.

via How To End the Federal Reserve System by Gary North.

“code words for the emerging one world economic system that is systematically wiping out the U.S. middle class…” ~ Global Economy? 23 Facts Which Prove That Globalism Is Pushing The Standard Of Living Of The Middle Class Down To Third World Levels

February 28, 2011 2 comments

So when you hear terms such as “globalization” and “the global economy”, it is important to keep in mind that those are code words for the emerging one world economic system that is systematically wiping out the U.S. middle class.

A one world labor pool means that the standard of living for the U.S. middle class will continue falling toward the standard of living in the third world.We keep hearing about how the U.S. economy is being transformed from a “manufacturing economy” into a “service economy”.

But “service jobs” are generally much lower paying than “manufacturing jobs”. The number of good paying “middle class jobs” in the United States is rapidly decreasing. So how can the U.S. middle class survive in such an environment?………………….

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Soros bets on US Financial Collapse

November 9, 2010 Leave a comment

Another financial expert is expressing his deep disgust with the Federal Reserve’s decision to print more money and buy more U.S. debt, saying it is a sign that the U.S. capitalist system is moving closer to collapse.

“This is the type of stuff we accused the communist and socialist governments of doing—interfering in free markets through currency manipulation,” declared Zubi Diamond, author of The Wizards of Wall Street.

“What the Fed is doing is not good for free market capitalism and it is not good for America.”

Excerpt Read more at …

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Obama & Fed impose 20% tax on all Americans

November 9, 2010 Leave a comment

President Obama defended the Fed’s decision to implement a second Quantitative Easing QE2 amidst disagreement by fellow G20 countries China and Russia.

Both countries stated that they believe the G20 should have been consulted before the United States followed through with plans to print more money and begin purchasing its own debt.

A little over a year ago Fed Chairman Ben Bernanke swore under oath that he would not monetize America’s debt. For those that don’t quite grasp the concept, we are essentially borrowing the money from ourselves by issuing bonds IOU’s and then printing money to purchase the bonds from ourselves. By printing billions of additional dollars the Fed is purposefully causing inflation, which, by Chairman Bernanke’s own admission, is a tax increase. That’s a neat trick, maybe I’ll pay my mortgage with Monopoly money next month.

I could use a Quantitative Easing just in time for Christmas.Many top economists believe this second massive printing of dollars by the Federal Reserve will cause a dramatic decrease in the value of the dollar on the world market. Bill Gross who manages the world’s largest mutual fund asserted that the Fed’s move will ‘devalue the dollar by as much as 20%.”

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Political Judges Thomas Sowell

November 9, 2010 Leave a comment

Results of the recent elections showed that growing numbers of Americans are fed up with “public servants” who act as if they are public masters.

This went beyond the usual objections to particular policies. It was the fact that policies were crammed down our throats, whether we liked them or not. In fact, laws were passed so fast that nobody had time to read them.

Whether these policies were good, bad or indifferent, the way they were imposed represented a more fundamental threat to the very principles of a self-governing people established by the Constitution of the United States.

Arrogant politicians who do this are dismantling the Constitution piecemeal– which is to say, they are dismantling America.The voters struck back, as they had to, if we are to keep the freedoms that define this country. The Constitution cannot protect us unless we protect the Constitution, by getting rid of those who circumvent it or disregard it.The same thing applies to judges.

The runaway arrogance that politicians get when they have huge majorities in Congress is a more or less common arrogance among federal judges with lifetime tenure or state judges who are seldom defeated in elections to confirm their appointments to the bench.

It was a surprise to many– and a shock to media liberals– when three judges on Iowa‘s Supreme Court were voted off that court in the same recent elections in which a lot…

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The Television Commercial About The National Debt That Is Being Banned By Major Networks

November 2, 2010 Leave a comment

The Television Commercial About The National Debt That Is Being Banned By Major Networks

Posted By admin On November 2, 2010 @ 5:05 am In Featured Stories | 2 Comments

The American Dream [1]
Nov 2, 2010

A new television ad about the U.S. national debt produced by Citizens Against Government Waste has been deemed “too controversial” by major networks including ABC, A&E and The History Channel and will not be shown on those channels. The commercial is a homage to a 1986 ad that was entitled “The Deficit Trials” that was also banned by the major networks.  Apparently telling the truth about the national debt is a little too “hot” for the major networks to handle.  But perhaps it is time to tell the American people the truth.  In 1986, the U.S. national debt was around 2 trillion dollars.  Today, it is rapidly approaching 14 trillion dollars. The American Dream is being ripped apart right in front of our eyes, but apparently some of the major networks don’t want the American people to really understand what is going on.

The truth is that the ad does not even have anything in it that should be offensive. The commercial is set in the year 2030, and the main character is a Chinese professor that is seen lecturing his students on the fall of great empires. As images of the United States are shown on a screen behind him, the Chinese professor tells his students the following about the behavior of great empires: “They all make the same mistakes. Turning their backs on the principles that made them great. America tried to spend and tax itself out of a great recession. Enormous so-called “stimulus” spending, massive changes to health care, government takeover of private industries, and crushing debt.”

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Let’s Make this Simple!| The Post & Email

October 31, 2010 Leave a comment


by Arnie Rosner

We the People” is every single American!Oct. 30, 2010 — All of the power of the three branches of government comes from the people! It says so right here in this founding document:That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed.That is us, folks.

Notice the red highlighted phrase, “Just powers.” To me this means the unjust acts are on them…not us! We will deal with them and hold them accountable for these abuses.So to set the record straight, the only purpose of the entire government is to work for us, “We the People.”That means all members of government work for us and are our employees; this includes the judges. However, based on the current situation, most of the members of government seem to have lost this perspective.

The reason is that we trusted them to do as they promised when they took office and swore an oath to protect the Constitution.They have abused out trust, they have exceeded their authority and by sheer arrogance seem to believe they are in control.

They have betrayed us!

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Only 14% Prefer Government-Regulated Economy Over Free Market Americans not ready for Obamunism

October 26, 2010 Leave a comment

A new Rasmussen Reports national telephone survey finds that 75% of Likely U.S. Voters think a free market economy is better than an economy managed by the government.

There is also a strong belief that more competition and less regulation would be better for the economy and job creation.


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Will the Federal Reserve Cause a Civil War?

October 20, 2010 Leave a comment

What is the most likely cause today of civil unrest? Immigration. Gay Marriage. Abortion. The Results of Election Day. The Mosque at Ground Zero. Nope.Try the Federal Reserve. November 3rd is when the Federal Reserve’s next policy committee meeting ends, and if you thought this was just another boring money meeting you would be wrong. It could be the most important meeting in Fed history, maybe.

The US central bank is expected to announce its next move to boost the faltering economic recovery.

To say there has been considerable debate and anxiety among Fed watchers about what the central bank should do would be an understatement.


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Will Americans Follow French Example Of Mass Civil Unrest?

October 19, 2010 Leave a comment

Or will the sleeping middle classes continue to scratch their butts and watch Dancing with the Stars?Paul Joseph WatsonPrison Planet.comTuesday, October 19, 2010How will Americans react when the government begins to impose the same austerity measures that are causing riots, street battles, fuel blockades and other assorted chaos in France?

Will we witness mass civil unrest or will the sleeping middle classes continue to scratch their butts and watch Dancing with the Stars?Back in June we forecast that the imminent onset of so-called austerity measures, which in reality represent nothing more than an elevated phase of government-run looting of the taxpayer, would herald an “age of rage,” leading to “riots and even revolutions as people react with fury in response to their jobs, savings, basic public services, pensions and welfare money being seized by the financial terrorists who caused the economic collapse in the first place.”Four months later and citizens of one of the most prosperous countries in the world with the highest standard of living have shut down France after six days of strikes and protests in response to government plans to raise the retirement age from 60 to 62 and the full state pension age from 65 to 67.Undoubtedly, there are two different protests occurring in France. The more violent scenes are the work of the rent-a-mob anarchist youths who couldn’t care less about pensions but will waste no opportunity to don black hoods and pointlessly smash up shop windows in demonstrations against “capitalism,” when in reality government seizure of pensions has all the hallmarks of command and control socialism and nothing to do with true free market capitalism.

These youths are more concerned about their welfare checks being cut, but they won’t garner the sympathy of the rest of the French people by taking baseball bats to Starbucks forecourts in mocked up media stunts. The legitimate protests and the ones that genuinely hurt the establishment and put the idiot anarchists to shame are being run by French workers, truck drivers, and union leaders, and enjoy the support of around 70% of the population.

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