LIBERTY: NORFED’s struck a nerve with the fiat currency monopoly!

Friday, September 15, 2006

http://www.usmint.gov/pressroom/index.cfm?flash=yes&action=press_release&ID=710

(So I wrote to an expert to sort it out!)

Lew, [of http://lewrockwell.com/ (anti-state, anti-war, pro-market), the Mises Institute, and famous Libertarian]

(1) Perhaps you’d care to comment about the nonsense spewing out of the gubamint about money. There’s no doubt that the NORFED has struck a nerve. NORFED ain’t fooling anyone, but it’s a good cover story. If the mint has exclusive, then why do we have the Federal Reserve in the process?

(2) Note that the gubamint has added the word “exclusive” in their rendition of the Constitution.

(3) Now that the Barbara Streisand is out of the way, here’s my tough ramble. Somebody’s Law (Say, Shea, or something with S) “bad money drives good out of circulation” would say that if I have a FRB and Liberty Dollar, that I’ll spend the FRBie as fast as I can because it’s intrinsically worthless. Is there ever a time when good money can drive bad out. If there is no case, then there is no way for NORFED’s money to push out the FRBie. Comment?

(4) My take on NORFED is NOT that they were fooling anyone, but that they were trying to retake the word dollar (i.e., thaller). And, charge a commission for it.

(Marketing 101 teaches you can’t take a word that someone already owns in the marketplace of the mind. It’s like Ford trying to take QUALITY from Mercedes, or SAFETY from Volvo. Ain’t gonna happen!)

Now everyone is entitled to earn the sweat of their brow, but the escalating value of their “dollar” was confusing at best. The NORFED MLM quality turned people off. Me too.

Wouldn’t we be better off with a new unit of currency. Let’s call it the dinar (that should get everyone’s shorts in a knot!). And define it as an ounce of gold. The golden dinar. Same thing for silver. The silver dinar is one ounce of silver. Maybe it should be in metric units?

OK, I’ll make it metric! The golden Ludwig will be 0.0283495 of a kilogram of gold. Similarly our Rothfarb will be 0.0283495 of a kilogram of silver.

Wouldn’t “we” be better served by using straight bullion coins as money? Makes the accounting easier in the sense that the hidden tax of inflation can’t bite us. Instead of financial reports in dollars, they be in Ludwigs or Rothfarbs.

Comment?

(5) Can you ever envision us getting out the fiat currency mess we are in? Short of a reichmark style inflation, an overthrow of the Federal Reserve System or some version of a French Revolution, how will could might it happen?

Just a dumb injineer that got two Ds in two college economics courses. And, was smart enough to keep my mouth shut in my post grad mba courses!
Fjohn

1 Comment | LIBERTY | Permalink
Posted by reinkefj

RANT: Citizen versus the Cop. Cop gets help from Chief. And, it all goes south from there. imho

Friday, September 15, 2006

http://www.dogsdeservebetter.com/doogie.html

***Begin Quote***

Tammy Grimes, founder of Dogs Deserve Better, was arrested September 11, 2006 for helping a dying chained dog named Doogie who could not stand in East Freedom, Pennsylvania. Below are the details of the case, with photo and video documentation.

***End Quote***

Guess who own the abused dog?

Yup, a cop!

Now I am no PETA type. Nor, do automatically take sides.

Assuming that what is reported is true. Then, IMHO, there is official misconduct.

Plus aren’t we told that people, who abuse animals, usually move up to people.

(I thought NJ had the monopoly on that!)

I think this needs some “sunshine”. And, a few people need to seek gainful employment in other that Policing. The Chief, the Cop, the Animal Control Officer, the DA, and any one else who thinks this is OK!

Never mind dogs. People deserve better. Instead of interviewing McSleezey, Oprah need to get involved here.

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Posted by reinkefj

RANT: Millionaires playing for billionaires. And, living thru other’s experiences.

Friday, September 15, 2006

When I saw my friend’s alam mater getting its head handed to it in football (UofM playing WVa), I decided to yank his chain.

ME> Terps or twerps football? Hung over from bball loss to Jaspers? {SHORT MESSAGE} {NO REPLY REQUIRED}

HIM> Yup..told (his son) we would be lucky to score against WV

But then he decided to get out of the subject line and get personal!

HIM> Reply was necessary…and regarding the Jaspers, hell froze over, never to happen again! lol

So of course, now I had unlimber the “big guns”!

===

Yeah, yeah, and the reason the professional team, representing the UofM, could not beat a bunch of true student-athletes, from a Mid Major, barely NCAA-grade competition, was?

(a) Coach was defeatist with his Krappy attitude before the game (If I can’t be in the real tourney, then why should I be in any? Oh yeah, I signed a contract. Can you say “going thru the motions”?)

(b) Students didn’t come out to cheer on their pros. (It’s not about doing your best at all times; it’s not about exceeding your personal best for its own reward; it’s about bragging rights!)

(c) Gubamint edukation always fails. (Axiomatic! Immoral, ineffective, inefficient, and just plain wrong.)

(d) Greece can beat the NBA Amerikan team. (“I think I can” always trumps a “Swelled Head”!)

(e) Alums, who can’t do, invest themselves in an illusion that they have some role in another doing what they can’t or couldn’t or wouldn’t do. (Doing anything you value is infinitely better than watching some one else doing what they value! Technically, Quadrant 1 activity is much more important than a Quadrant 4 one. On the important / urgent scale.)

(f) All of the above. (Pontificating ain’t changing!)

===

I’m still pontificating. And, he got a good laugh out of my “umbrage”.

And, while I will kill some time watch the pros, millionaires play for billionaires, I have no illusions that I am accomplishing anything, except wasting presious time on the way to the finish line.

;-(

I shouldda stayed in bed!

But instead I’ll blog about it.

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Posted by reinkefj

JOBSEARCH: Planning for your next transition

Friday, September 15, 2006

http://www.msnbc.msn.com/id/14831365/

Ford’s plan: Cut operating costs by $5 billion
Automaker will shrink workforce by one-third, launch revamped lineup

***Begin Quote***

DETROIT – Ford is cutting more than 10,000 additional salaried jobs, offering buyouts to all of its 75,000 U.S. hourly workers and shutting down two more plants in a plan to end financial losses and remake itself into a smaller, more competitive car company.
***End Quote***

My CEO (me) was chatting with our CFO (me) about this strategy. Cutting your people to get to profitability. We agreed not too smart and hard on the people.

It’s not like they just discovered (with my obligatory allusion to Casablanca where Renard is shocked, SHOCKED!, shocked I say, to find that there is gambling going on here!) that they are in a hole.

I bought a 2002 Ford Exploder (sic) and I could have told them that “quality is job 1” was just an advertising slogan. I have 30k$ pos with 40k miles on it. The ac doesn’t work (and they want 1.5k$ to fix it), the abs light flickers (and they want 1k$ to fix it, the brakes of going in the next 10k miles(and they want 1.5k$ to fix them), and the seat belt hasn’t retracted right since we bought it (despite mentioning it every time we brought it in). It has also had the recall for a set of tires (that had cost 4k$ at their prices), it’s been in for numerous annoying problems that all seem to magically cost 1k$ each. Argh!

But, as I as CEO (me) asked my Head or HR (me), if you were one of the buy-out-ees, then (I’d ask why are you still there?) what would you do? How do you evaluate any offer versus the uncertainty. I wouldn’t want to be in their shoes.

Leave a Comment » | JOBSEARCH, Ranting | Permalink
Posted by reinkefj