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Posts Tagged ‘Economic’

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

July 6, 2014 1 comment

PART 2

By Marilyn MacGruder Barnewall

July 6, 2014NewsWithViews.com[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

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

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

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

cruzone (Photo credit: GunnyG1345)

 

 

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By Thomas DiLorenzo ~ The Beltarian Cult – LewRockwell.com

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.

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

 

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

 

in

 

Economy

 

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

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

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

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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