MONEY: Don’t confront tyrants; laugh at them

Thursday, November 14, 2013

Sad what the Gooferment has done to this man. Just goes to show, it’s hard to directly confront tyrants. Need to get people laughing at them (i.e., the king’s new clothes). They can’t stand ridicule.

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All Quiet on the Court Front
Bernard von NotHaus
11:24 PM (18 hours ago)

LIBERTY DOLLAR NEWS:

October 2013 Vol. 15 No. 10

All Quiet on the Court Front

Dear Liberty Dollar Supporters!

Table of Contents:
1. All Quiet on the Court Front
2. 15th Anniversary of the Liberty Dollar
3. Gold Standard Is No Fairy Tale for the Middle Class
4. Brain Dead Idiots “Think” Inflation Helps
5. Feds Confiscate $29 Million BitCoins
6. Violent Crime is at a 42 year low!
7. Ten Most Disturbing Things About The FBI Since 9/11
8. One of the Greatest Failed Experiments in Economic History
9. NSA Paid ATT, Verizon and Sprint for Your Personal Info
10. Editorial RE 58% Support Cannabis Legalization & World Peace

1. All Quiet on the Court Front
Still no word from the Court regarding my Addendum to the Motion for Acquittal that was filed seven months ago. It’s now been two years and seven months since I was wrongfully convicted of counterfeiting US coins and still not sentenced up to 22 years in federal prison. Your patience to recover your wrongfully seized property is greatly appreciated. I will send a Liberty Dollar Alert as soon as I hear anything. Don’t give up the ship or the cause
it is right and good for people to have a choice between sound money vs. government issued fiat crap.

2. 15th Anniversary of the Liberty Dollar
While all the legal efforts and waiting for a positive closure to the BVNH case continue, the Liberty Dollar turned 15 years old on October 1. Looking back at its founding in 1998 as American Liberty Currency, the Liberty Dollar hit a live nerve and generated an amazing outpouring for a better currency. It gave voice to the thousands of people who knew that they were being ripped off by the government’s depreciating US dollar. Let us not lose sight that even though most people and nobody in academia could understand how a new private currency could be introduced and at a profit, you and thousands of supportive Americans took positive action and made a stand for the value based Liberty Dollar. Thank you for all the support and all those orders that made the Liberty Dollar – the second most popular currency in America. Happy Anniversary to all of you! Thanks for joining me in taking a historic stand for sound money!

3. Gold Standard Is No Fairy Tale for the Middle Class
The Gold Standard seems like a hot news item. Not that there are dozens of articles, but the increasing press regarding the Gold Standard is most encouraging. Forbes magazine continues to lead the charge to keep the advantages of the gold standard in the news and trumpet its value as the best monetary system. Here is a collection of the current articles of note:

For Struggling Middle Class Families, The Gold Standard Is No Fairy Tale
By Ralph Benko for Forbes
Conservatives spin fairy tales about the gold standard, dear Reader, because our reading of history shows gold to be unrivaled as a mechanism by which working families may prosper. We propose it to constrain the powerful and privileged and to lift humanity out of this “Little Dark Age” and onward to a Golden Age. Click title for the complete article.

Measured In Gold, The Story Of American Wages Is An Ugly One
by Keith Weiner for Forbes
Workers’ wages buy less and less. In fact, workers have lost purchasing power during the past half-century. Comparing prices to wages, the Consumer Price Index (CPI) rose more than six times from 1965 to 2011-while the minimum wage rose less than five times. Today’s minimum wage employee works 12 percent longer to earn enough for a gallon of milk compared to 1965, according to the Bureau of Labor Statistics. Today’s senior engineer works almost twice as long to buy a gallon of gasoline, according to the Department of Energy. So, in real terms, wages have fallen. The drop is larger than it appears.

Is A Gold Standard Good Or Bad For The Middle Class?
By Nathan Lewis for Forbes
The U.S. middle class reached its peak of prosperity at the end of the 1960s. The typical one-income family could afford a house, car, decent healthcare and a college education, and still have enough left to maintain a 10% savings rate.

The United States had a gold standard policy from 1789 to 1971. At the end of that 182-year period, the U.S. middle class was the broadest and wealthiest in the history of the United States, and indeed the world. If a gold standard system is bad for the middle class, then how is it that, after nearly two centuries of a gold standard policy, the middle class was the best-off it has ever been?

Jim Rickards explains how a gold standard would be beneficial
By Herman James for Gold Seek
Mike Maloney asks Jim Rickards is there a better way?
Jim Rickards: Well I think there is a better way, and you’re right Mike. Central banking is 300 years old and it does go back to the creating of the Bank of England and now it’s a worldwide phenomenon. Yeah, bankers have always stood in the middle and taken a little bit out of every transaction, but for most of that time we were on a gold standard. So yes, bankers stood in the middle and they extracted a little profit, but the system as a whole had a governor – which was the gold standard – that came in various forms. Today we have no governor at all. We have the same system, with banks in the middle extracting profits, except there’s absolutely no limitation on the expansion of the balance sheet, the expansion of money, or currency as you call it. The word credit broadly defined. So it is out of control; it will collapse, it’s just a matter of time. I don’t think there’s any question about that.

The Gold Standard: The Case for Another Look
Sean Fieler and Jeffrey Bell argue in the WSJ that rise of the Tea Party movement is a sign that voters may be prepared to consider unorthodox proposals.

Washington’s elites are quietly preparing a post-election fiscal compromise that will fund much of President Barack Obama’s domestic spending agenda with huge tax increases. They aim to create a value-added tax and will argue that there is no alternative even though doing so will leave the United States resembling the stagnant, bureaucratic nations of Western Europe. But there is an alternative. The U.S. could return to a gold standard, a system that would not only prevent the government from running chronic budget deficits but would also curb attempts to manipulate the value of the dollar for political reasons.

Gold a Bubble? NOT – EVEN – CLOSE
By Michael J.Kosares October 2010

The Gold Standard, Issue #34, October 2013
The purpose of the Institute is to promote an unadulterated Gold Standard. Most proponents of free markets understand the practical and moral benefits of allowing people the freedom to produce and exchange, but fail to realize, or point out, that for a market to be truly free, money and credit must also be free – free from government control. As money is the foundation of every single commercial exchange, how can there be a free market if each exchange is distorted by a government monopoly?

Starved of gold, Indians may import record volumes of silver

4. Brain Dead Idiots “Think” Inflation Helps
Inflation is widely reviled as a kind of tax on modern life, but the Federal Reserve policy makers have a growing concern that inflation is not rising fast enough. Some economists say more inflation is just what the American economy needs to escape from a half-decade of sluggish growth and high unemployment.

If you can believe this crap, you qualify for a job at the Federal Reserve. Just when the wildest seeds of future inflation are being sown, now is the time to realize the depths of the evil partnership between big banks and big government. Inflation is theft of the people’s purchasing power! Click HERE for the complete article.

5. Feds Confiscate $29 Million BitCoins
Feds Confiscate Record $29 Million BitCoin Booty From Dread Pirate’s Hard Drive
After the FBI arrested Ross William Ulbricht – the creator of the now shutdown BitCoin -only “alternative” marketplace Silk Road also known as Dread Pirate Roberts, some were surprised that the Feds only confiscated about $3.6 million worth in BitCoins from Ulbrecht. Proving all doubters wrong, and that creating the first “libertarian” marketplace not subject to any rules and regulations, not to mention fiat monetary constraints, actually does pay quite well, it was revealed that Federal prosecutors found an additional $29 million, or 144,336 BitCoins.

6. Violent Crime is at a 42 year low!
Last week, the FBI released its national crime report for 2012. By a slight margin, the nation’s violent crime rate decreased in 2012 – relative to 2011 – making it the lowest since 1970. Compared to 1991, when it hit an all-time high, violent crime is down by 49 percent. The nation’s murder rate was unchanged in 2012 – still lower than any time since 1963 and at nearly an all-time low.

“Not once has the president remarked on these numbers. Neither has [anti-gun] New York City Mayor Michael R. Bloomberg,” Miller wrote. “The liberal media pretend the statistics are written in invisible ink. Why the blackout? Because all violent crime – including gun homicide – has gone down over the last 20 years. The gun murder rate has gone from 6.62 per 100,000 inhabitants in 1993 to 3.27 in 2012, a decline of more than 50 percent.”

Who needs the government? Damn few!

7. Ten Most Disturbing Things About The FBI Since 9/11
As Congress considers the nomination of James B. Comey to lead the FBI for the next ten years, lawmakers should examine measures to rein in a bureau that has undermined civil liberties in the name of fighting terrorism a la the case against BVNH. This is a false trade off: we can be both safe and free. Click HERE for full article.

8. One of the Greatest Failed Experiments in Economic History
Jim Rickards, author of the best-seller Currency Wars, sees the world’s central banks embroiled in a “race to debase” their currencies in order to restore – at any cost – growth to their weakened economies. In the midst of the fight, the U.S. Federal Reserve wields oversized power due to the dollar’s unique position as the global reserve currency. As a result, actions by the Fed create huge percussive ripples across the battlefield, often influencing events in ways little understood by the players – and especially by the Fed itself.

In Rickards’ words, the policymakers at the Fed “think they are dialing a thermostat up and down, but they’re actually playing with a nuclear reactor – and they could melt the whole thing down.” It all ends in the collapse of the dollar. Click HERE for article.

9. NSA Paid ATT, Verizon and Sprint for Your Personal Info
The National Security Agency pay AT&T, Verizon and Sprint several hundred million dollars a year for access to 81% of all international phone calls into the US, according to a leaked inspector general’s report, which has been reported by the Washington Post, AP, and the New York Review of Books. In fact, this secret reports that “NSA maintains relationships with over 100 U.S. companies, underscoring that the US has the “home-field advantage as the primary hub for worldwide communications,” the New York Review of Books reported in its August 15 issue. These secret cooperative agreements were first made public by Edward Snowden, the NSA whistle blower. Click HERE for full article.

10. Editorial RE 58% Support Cannabis Legalization & World Peace
Article HERE.

Closing Remarks:
All this bad news and the sorry state of affairs in our great country and abroad simply confirm that when money goes crazy, people and especially the government goes crazy. The only way to correct such a disgusting government is to take the monetary powers back from the government. When the people lead – government follows.

Many thanks for your continued support. For it is only by banding together and adopting a free and independent currency that provides us with “just weights and measures” that we will be able to throw off the yoke of a manipulated monetary/tax system and generate a peaceful and prosperous society.

Thank you again for all your efforts to return America to value – one dollar at a time!

Bernard von NotHaus
Monetary Architect/Editor
Editor@LibertyDollar.org

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