MONEY: Commodity versus fiat money

Saturday, June 20, 2009

http://lewrockwell.com/orig10/hansen1.html

Will Radically Different Banking Plans Work?
Not until we abolish legal tender laws
by Betsy Hansen

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Because the fiat money system is both the strength and weakness of America’s tyrants. It bleeds the people’s wealth and labor, but it also threatens to collapse under its own weight – or whenever the scales fall off the people’s eyes. With its green engravings of famous Americans, electrons whirling around in bank computers, and loans created out of thin air, it is one vast confidence game.

*** end quote ***

The Federal Reserve Bank (which is none of those things) allows the congress critters, the Administration, politicians, bureaucrats, and their ilk to raise taxes without explicitly raising taxes.

The sheeple can’t even tell what they are paying in taxes. Inflation erodes their “savings” such that the gooferment can steal all their earnings in a given year. Even the worst tyrant of dictator of old used to have to leave the serfs enough to eat from year to year. And, the sheeple don’t even know they are being robbed.a

Imagine the uproar if a President said: “Sorry we have to take everything you earned this year for the good of everyone.” There would be riots in the streets. But the FED can inflate away. Since 1970, inflation has reduced the value of a dollar 97%!

Sheeple, how stupid can you be?

Independence Day? Don’t make me laff!

We’re not independent as long as the FED exists. Andrew Jackson and Thomas Jefferson, were right.

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MONEY: What is the correct interest rate?

Thursday, June 18, 2009

http://www.bargaineering.com/articles/fdic-sets-bank-interest-rate-caps.html

Your Take: FDIC Sets Bank Interest Rate Caps by Jim Wang

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Federal Deposit Insurance Corporation SealNear the end of May, the FDIC Board of Directors approved a rule that capped the interest rate “less than well capitalized institutions.”

*** end quote ***

And, what part of fascism don’t you understand?

The gooferment is trying to run the banks.

What a joke.

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INTERESTING: Advice for College Graduates

Tuesday, June 16, 2009

http://www.bargaineering.com/articles/stock-market-investing-advice-for-college-graduates.html

Stock Market Investing Advice for College Graduates by Jim Wang

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Imagine you had a time machine and could give yourself just one good piece of advice after you graduated college, what would it be?

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Eliminate debt. Save more. Go to Law School with the rest of the team. Buy commodities. Move to the country.

“Souldas, wouldas, and couldas”

They will kill you!

Now, my advice would be: “Be an entrepreneur”!

When I was a recent graduate, I was enthralled by Sonny Bloc on the radio. His advice was to buy, and rent out, 12 single family homes within one hour of your primary residence. I understood the objective a secure monthly income. His theory was that after 15 or 30 years of rental income, the rents would then be free and clear. A pension!

In the wisdom of my youth, I saw all the obstacles — downpayments, 3AM calls from angry renters, and hassles. The target thirty years down the road was so far away. I didn’t do it! If I had, I’d be sitting on 12 300k$ “cash cows”. Say 4m$. Throwing off 12 12k$ annually. 145k$. Argh!

Now I see the wisdom of all sorts of things.

So, I’ll modify that advice: “Have a written plan to be an entrepreneur!”

Yes, hindsight is 20/20.

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MONEY: Don’t mess with Uncle Sugar’s monopoly

Monday, June 15, 2009

http://www.wired.com/threatlevel/2009/06/e-gold/

Threat Level Privacy, Crime and Security Online
Bullion and Bandits: The Improbable Rise and Fall of E-Gold
    * By Kim Zetter Email Author
    * June 9, 2009

*** begin quote ***

Jackson has finally registered E-Gold with FinCEN, and has begun applying to states for money transmitting licenses. The company is also blocking people who appear on the Treasury Department’s list of Specially Designated Nationals and plans to follow bank procedures for verifying customer income and sources of transmitted funds. There are other plans in works to clean up the system as well.

*** end quote ***

Read this with an eye towards why this fool was targeted.

Think they care about catch bad guys?

Or, could it be that he was undermining their monopoly over “money”.

That stuff they laughable call “money” … Federal Reserve Banknotes.

Paper!

Fiat trash.

No, he was giving people an easy and cheap way to store value.

That couldn’t be “taxed” by inflation.

Imagine how much better the Chinese would be if they had 5T$ of gold as opposed to Uncle Sugar’s little green pieces of paper.

No, anyone who messes with that monopoly, will bring the goons out in force.

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POLITICS: Obama’s inflation will break the country

Saturday, June 13, 2009

http://www.ibdeditorials.com/IBDArticles.aspx?id=329091224620125

Obama’s Plan For A Debt-Ridden Future
By ERNEST S. CHRISTIAN AND GARY A. ROBBINS | Posted Friday, June 05, 2009 4:20 PM PT

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In effect, American families would over time lose an amount greater than an entire year of GDP — a blow far more severe than the damage being done to them by the current recession.

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Between debt and unfunded liabilities, we are falling further and further behind. Sad to say, we can’t even guess how much we pay in taxes. The politicians have succeeded in hiding and burying taxes in every conceivable manner.

When Obama’s inflation starts, it’ll be too late to react.

Gold! The ancient store of value.

There’s a reason that Jefferson and Jackson were against “central banks” like the Federal Reserve Bank and paper money. Those allow politicians and bureaucrats to hide the true cost of their evil deals.

Imagine how they’d be on the hook, if they could NOT silent tax every dollar in the world with inflation?

Like withholding and corporate taxes, everything gets hidden from view.

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INTERESTING: The Greatest Generation wasted in The Unnecessary War

Thursday, June 11, 2009

http://www.lewrockwell.com/vance/vance173.html

Buchanan’s Necessary Book by Laurence M. Vance

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Buchanan’s conclusion will be a tough one for some to swallow: “It was Britain that turned both European wars into world wars.”

Churchill, Hitler, and the Unnecessary War is a necessary book.

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History is written by the “winners” and taught in gooferment skools.

It wasn’t until College that I started to really get into how screwed up the world is.

I learned more history and economics from the Libertarian zealots and Social Justice faculty than most folks.

All war is fought by the common man. He’s the cannon fodder.

There’s a reason why the world’s elite eschew assassination, they might have to take some personal risk. We couldn’t have leaderless gooferments now could we?

Fifth generation war won’t observe that nicety.

Sheeple need to read this book and see how their ancestors were hustled. Then, they could avoid how they are being defrauded and abused.

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LIBERTY: The Gooferment is in charge!

Tuesday, June 9, 2009

http://www.breitbart.com/article.php?id=D98NEVL80&show_article=1

High court won’t block Chrysler sale
Jun 9 06:27 PM US/Eastern

*** begin quote ***

WASHINGTON (AP) – The Supreme Court has cleared the way for Chrysler’s sale to Fiat, turning down a last-ditch bid by opponents of the deal.

The court said late Tuesday it had rejected a plea to block the sale of most of Chrysler’s assets to the Italian automaker. Chrysler, Fiat and the Obama administration had warned that the high court’s intervention could have scuttled the sale.

A federal appeals court in New York had earlier approved the sale, but gave opponents until Monday afternoon to try to get the Supreme Court to intervene.

*** end quote ***

The bondholders really couldn’t expect “justice” from a gooferment court.

Talk about a stacked deck!

The President’s plan taken before the Government’s Court. And, you expected a different result.

Watch the bond markets now! Nothing is safe from gooferment manipulation.

Now what happens to the Indiana pensioners who just got screwed?

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POLITICAL: Class Warfare doesn’t work

Sunday, June 7, 2009

http://online.wsj.com/article/SB124329282377252471.html

* REVIEW & OUTLOOK
* MAY 27, 2009

Millionaires Go Missing
Maryland’s fleeced taxpayers fight back.

*** begin quote ***

Maryland couldn’t balance its budget last year, so the state tried to close the shortfall by fleecing the wealthy. Politicians in Annapolis created a millionaire tax bracket, raising the top marginal income-tax rate to 6.25%. And because cities such as Baltimore and Bethesda also impose income taxes, the state-local tax rate can go as high as 9.45%. Governor Martin O’Malley, a dedicated class warrior, declared that these richest 0.3% of filers were “willing and able to pay their fair share.” The Baltimore Sun predicted the rich would “grin and bear it.”

One year later, nobody’s grinning. One-third of the millionaires have disappeared from Maryland tax rolls. In 2008 roughly 3,000 million-dollar income tax returns were filed by the end of April. This year there were 2,000, which the state comptroller’s office concedes is a “substantial decline.” On those missing returns, the government collects 6.25% of nothing. Instead of the state coffers gaining the extra $106 million the politicians predicted, millionaires paid $100 million less in taxes than they did last year — even at higher rates.

*** end quote ***

Does anyone really think these “liberal” politicians, bureaucrats, and media cheerleaders have any clue about human behavior?

Maybe they should get CSI to look into where all the rich folk went!

Idiots.

Read the Austrian School of Economics and you will find “Human Action”. Humans act. Maybe not ALWAYS rationally, but the do eventually. Unlike the frog in the mythical pot to be boiled, rich people have the most ability and incentive to move.

The loss is worse than the unnamed author makes it out to be!

And, who’s more likely to have a business, hire a staff, and have a big property tax bill? Sure not the low and middle class.

And, by turning up the fire, the gooferment may have induced those 1,000 rich folk to jump before the real estate market collapsed. I can here the conversation at the new (Pick one: Yacht, Tennis, or Country) Club now. “Yes, Muffie, I miss Maryland too. But not 16 grazillion dollars worth. Now here’s a new Mercedes SUV that I bought to console you.”

OK, corny, sure, but you get the idea. Ten per cent of a million is 100k a year. That’s the minimum bite. That is a powerful incentive to move.

Makes you wonder why there are 2,000 left. Cal Ripken is probably one. Who else?

So who gets to make up the missing 200k$ that the politicians planned for? You don’t expect them to cut anything, do you?

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MONEY: THe FED’s inflation in our future

Sunday, June 7, 2009

http://lewrockwell.com/north/north715.html

False Flag Infiltrators: Gold-Hating Fiat Money Inflationists Inside the Libertarian-Conservative Movement
by Gary North

*** begin quote ***

A web page by Ellen Brown is making the rounds. It is here. http://www.webofdebt.com/articles/hyperinflation.php

Ellen Brown is a lawyer. She is anti-Federal Reserve. So, she gets a hearing in conservative circles. This is unfortunate. There is nothing conservative about her. She is an apologist for statism and the United States Treasury (a wholly owned subsidiary of Goldman Sachs).

Her article is about the hyperinflation of Germany, 1921–23. She has no understanding of what happened or why, but she talks as if she does.

*** end quote ***

Interesting economic discussion about inflation. I remember hearing the same in Carter’s inflation. And, I’m sure we will hear it again in Obama’s. Evil speculators drive down the value of the dollar. Dont be fooled. It’s the FED; it’s always the central bank’s printing press of money; it’s the FED!

Argh!

Those that don’t learn from history are condemned … …

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GOVEROTRAGEOUS: Health Care: Oppose greater government role. Support free market solutions!

Saturday, June 6, 2009

https://secure.downsizedc.org/etp/campaigns/114

Health Care: Oppose greater government role. Support free market solutions

*** begin quote ***

Please oppose increased government involvement in health care. Please work to reduce government involvement in health care.

We can’t afford to lose what we have by further governmental meddling in health care. Go fix the VA and Medicare before you start messing up something that is at least working.

*** end quote ***

Before you create a worse problem, how about trying some small gentle corrections. How about making medical insurance tax deductible in reducing the gross income right on page 1 of the 1040 just like an IRA contribution? If you’re concerned about the “uninsured”, why not make that tax deduction and refundable tax credit paid directly to an insurance company? Why not offer your congressional health plan to an “uninsured”?

Bottom line, just like we wouldn’t have identity theft without social security numbers, we won’t have medical privacy if you “federalize” this problem. Stay out of our doctor’s office.

Don’t nationalize health care! We’ve seen Canada, England, and the VA. No thanks!

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