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

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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.

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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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MONEY: The Gooferment acts to preserve its monopoly on “dollars”

Friday, June 5, 2009

Dear Reader:

This is OUTRAGEOUS. Just as Sadam Hussein of Iraq learned when he suggested that oil be trade in gold, don’t mess with the US’s monopoly on the world’s reserve currency.

(Disclaimer, I think the Liberty Dollar is overpriced versus the spot price of the underlying commodity. But, maybe I don’t understand how expensive it is to mint medallions. They are cheaper than what is offered on the late night infomercials to buy “Liberian Silver” or such nonsense.)

Bernard and the Liberty Dollar folks are threatening to take the country back to Constitutional money of gold and silver. Single handedly! Interesting is they are the size of a gnat on a cow’s butt in comparison to the Federal Reserve. The “establishment” is so threatened as it has to persecute and prosecute them.

See the Establishment can NOT afford to have any one “look behind the curtain”! You might ask the question “What is a dollar?”. That question leads to the more “deadly” question — deadly to their ability to delude the people into allowing the Government have the ability to inflate — “What value does a Federal Reserve Banknote intrinsically have?”. That’s the question that puts a stake thru the heart of the vampire known as the Federal Reserve Bank. Inflation is the silent hidden tax.

(The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians. )

(As an aside, just look at the reelection rate of incumbent politicians. And, where they are “replaced”, note that their “replacement” is a member of the opposite “major” party that follows the exact same agenda. And, you wonder why stuff doesn’t change. How can it? The elite are very content with the current system. It’s only the “unwashed” who get screwed. Repeatedly.)

So, the Federal Reserve Banknote allows the politicians to take everyone’s wealth by inflation. So they can have a “welfare / warfare” society and the sheeple don’t even known they are being shorn. In the last thirty years, the dollar has lost more than 95% of it’s purchasing power. Watch the old quiz show “Let’s Make a Deal” and see the price of a new car in the Sixties was less than 5,000 “dollars”. Why does a Government Motors car cost 50,000 now? It ain’t the same dollars. My first house cost 8,000 “dollars” when it was built in the Fifties, why is it worth 350,000 “dollars” now. Did the boards suddenly become more valuable? No, the Government money is worth less and they can’t print houses.

So, here we have the Government desperately trying to reign in the whole concept of “honest money”. There’s an old rhyme “Money has functions four: a medium, a measure, a standard, a store.” See in order to be “money”, it has to be a store of value. The Federal Reserve Banknote is: a medium of exchange (as long as the sheeple believe it to be), a measure (as long as you realize each year it’s different; imagine a measure of length getting shorter every year — giving the Government “more” land to sell), a standard (as long as you don’t mind a standard shrinking every year), and a store (where the rats in congress erode your wealth silently).

That’s why they have to surpress anything that reflects badly upon their “dollar” monopoly.

Forewarned is fore armed!

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Begin forwarded message:

From: Liberty Dollar <truth@libertydollar.org>

Date: June 5, 2009 2:35:24 AM EDT

To: reinkefj

Subject: FBI Arrests Bernard, Kevin, Sarah & Rachelle

LIBERTY DOLLAR ALERT:

June 2009 Vol. 11 No. 06-A

Urgent News for All Liberty Dollar Supporters!

FBI Arrests Bernard, Kevin, Sarah & Rachelle

The battle for a value based currency has began!

The last two days have been amazing! Just shortly after midnight on Tuesday, the phone started ringing and I let the answering machine take the call. But very soon there was another call… with an even more urgent message! Very quickly, a friend of Kevin Innes, explained to me that Kevin had been “detained” by the local sheriff and was being held for the FBI to arrest him! Holy Cow!! The #2 supporter for the Liberty Dollar and co-instructor at the Liberty Dollar University training sessions was in deep trouble with the Feds! I was sure to be next. But would they arrive in a few minutes or would it be a pre-dawn Nazi style assault?

Finally, I got up at 4:00 AM. I was very concerned for Kevin and wondered when the FBI would hit me. Fortunately the morning was quickly filled with a flurry of calls from Kevin’s friend, other interested parties, the usual business calls and making preparations for the inevitable knock on the door. But nobody came. Then just after noon, Niles, who’s wife, Rachelle, manages the Liberty Dollar Fulfillment Office, called to tell me that Rachelle had been picked up by the FBI at the LD Office and was due to be arraigned in just a few hours! The FBI strikes again!

Luckily, I was able to talk to Rachelle via her cell phone while the FBI was holding her. I was pleased that the FBI agents were the friendly professional types and afforded Rachelle and I quite a few minutes of private conversation. Under the circumstances, Rachelle’s demeanor and resolve was right on target. And very quickly, I learned that a warrant had been issued for my arrest. And just a quickly, Rachelle was off to court to be arraigned.

Much later in the afternoon, I learned to my surprise that three big FBI agents had arrested Sarah at work. She and Rachelle were arraigned together and quickly released to on their own recognizance (OR) before the sun set on a very eventful day for the Liberty Dollar. The quick, professional effort with Sarah and Rachelle were gratifying and encouraging. Unfortunately, I was to learn that Sarah lost her job because of this event.

By last afternoon it was clear that the Liberty Dollar would be best served by my turning myself in to the to the US Marshals, otherwise know as ‘self reporting.’ After a few calls, I found myself talking to Agent Andy (aka Agent F) who was his usual friendly, chatty self. He even recognized my voice although we had only spoken twice and that was over 18 months ago. Sure enough he confirmed that a federal arrest warrant for my arrest had been issued. And after a bit of gamesmanship with Agent Andy, I agreed to report to the US Marshal’s office in Fort Myers, Florida at 9:00 AM on Thursday morning as it was too late to be arraigned, plus an overnight in jail would have wrinkled by clothes :)

The following morning, Thursday, June 3, 2009, I actually arrived at the Marshal’s office at 8:30 due to light traffic. As the saying goes, “If you gotta do time, do federal time.” Quite simply, the federal boys are better educated, better trained and have better manners. I was immediately escorted to a holding cell. After an hour or less, I met with the Pre-Trila Service rep and made it to court at 11:00 in chains and handcuffs. The female judge was businesslike and granted my request to attend my son’s graduation in Physics from UCLA next week. After fingerprinting, signing a $50,000 Appearance Bond, one final meeting with the Pre-Indictment Service rep, I was free.

In general, the arraignment was a pleasant affair. The US Marshals did their job with very little attitude, as they should. After all, I am self reporting, and it is for anything violent, I just want to prove that I have a right to issue my own currency and if any body chooses to use it then it is a “private contract.” It is certainly not a crime.

And so it came to pass, 2009 years after the birth of Christ, that four regular Americans have taken a stand to defend the People’s right to protect themselves from a government currency that has a long and unforgiving history of stealing the people’s purchasing power. This is a test of individual rights, as protected by the Tenth Amendment. It is the deciding moment that a private voluntary barter currency (PVBC) is legal in the great United States of America. This is a test that the Liberty Dollar must and will pass, for that I have no doubt. But it will not be easy or cheap. Please, if you support our efforts, support us with any kind of money you have, including pro bono services. Now that the Liberty Dollar faces a federal criminal trial, it is the US Government v Liberty Dollar ala Bernard, Kevin, Sarah & Rachelle. Please help us win. Please help yourself win. Please help American win.

Very simply this is a Win or Lose battle. In addition to money for this legal fight we need articles that reference non-government currency, such as Air Miles as currency, legal research assistance, expert witnesses, legal assistance, etc. If you support the ideals of the Liberty Dollar, this is the time to get behind the Liberty Dollar. We critically need your help! Please send your digital info to Legal@LibertyDollar.org and your donations of value including other kinds of “currencies” to:

LIBERTY DOLLAR

225 N. Stockwell Road

Evansville. Indiana. 47715

The best news is that the Liberty Dollar finally has the opportunity to prove beyond a shadow of a doubt that it is legal. Over two years ago I sued the US government for a Declaratory Judgment to resolve the legality issue. And how did they respond, they raided the Liberty Dollar and confiscated over $4 million dollars in gold, silver and cash. The US government has done everything possible to kill the Liberty Dollar! And guess what? It has not worked. The mere fact that the Liberty Dollar is still in business is a testament to your demand for Real Money and the ideals that the Liberty Dollar represents.

Thank you, thank you, thank you for your support! Trust me, the Liberty Dollar is not made up of any fat cats. We are all just regular Americans. And we all just want good money, a lot less government and no damn war!

Click HERE for a stilted Press Release by the DOJ. Its three pages with a whopper by Owen Harris, Special FBI Agent in Charlotte who said, “When groups try to replace the US dollar with coins and bills that don’t hold the same value…” WOW what a telling statement of pure spin.

Click HERE for the 13 page Indictment.

Click HERE for Sarah’s Arrest Warrant.

Guess what?! Liberty Dollar still in business and we need more business! As there has been no Cease and Desist Order, Liberty Dollar remains OPEN FOR BUSINESS. Please visit our shopping cart for all the 2009 Liberty, Peace, Freedom, T-Dollars and more. Don’t be bashful or stupid. Silver is going to the moon, just as sure as the US dollar is going to hell with your purchasing power. Now is the time to protect your purchasing with the “inflation proof” currency and help usher in a new monetary model that provides the only proven, peaceful, and profitable solution to the monetary cancer that has infected America.

OUTSTANDING ORDERS: Please rest assured that we will fill all outstanding orders. Yes, after producing a sizable amount of pre-minted Silver Libertys and finally getting current with most orders, we changed mints and are now behind again. We apologize emphatically! Poor and/or slow delivery is not acceptable business. It hurts everyone. And just when we were about to get current again we were arrested. Please continue to support us with your patience too. We promise to get every order out ASAP. But as I hope you can understand, it is a struggle to run a business, any business, in such an environment and fight a major legal battle for our right to protect our purchasing power

The last few 2009 Arrest Dollars. Are you familiar with the Arrest Dollars? Starting in 2007 and continuing through this year the Arrest Dollar is one ounce Silver Liberty that is specially hand hallmarked with a micro “handcuffs” stamp and my federally registered mintmark. Issued only from the day of the raid to today. The last few 2009 Arrest Dollars are currently on the Shopping Cart. After these are gone, they are gone to eBay for much more money.

The 2009 Tea Party Dollar (T-Dollar) is still available and we are still waiting confirmation on the shipment. We are still expecting to have the first batch order in the first 24 HOURS here for the July 4 events. The T-Dollar is still only a buck for an ounce of copper AND you can still get them for 10% discount to they $1 face value for a 100 or more. Hey, they are only a buck… you can’t go wrong. Plus every copper issue has sold out. Get these while you can and help support our legal efforts tooJ

The 2009 Silver Libertys! The backbone of the Liberty Dollar model is the one ounce .999 fine silver Lib! Just in the last few days, silver has bounced back over $16, soon the 30 day moving average will be $16 and the Liberty Dollar will Move Up again to the $50 Silver Base. PLEASE don’t be dumb and buy silver when it is high. Get it NOW!!! Sure it is not $5 per ounce any more, nor will it ever be again. $5 silver is just not possible with the government spending phony baloney fiat money like a drunken sailor. Please order silver now and protect your purchasing power and profit tomorrow!

Stay tuned to the Liberty Dollar News as we vindicate and validate the legality of the Liberty Dollar. Please take an active role in this exciting and profitable time. Don’t lose out. Get involved with the Liberty Dollar to make money, do good and have fun. I am having as much fun in my 60’s and I did in The 60’s and hope you are too.

Thanks again for your support.

Bernard von NotHaus

Monetary Architect

Editor@LibertyDollar.org

http://www.LibertyDollar.org

888.LIB.DOLLAR

888.421.6181

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MONEY: Calculating the impact of taxes

Sunday, May 31, 2009

http://ludwig-1.newsvine.com/_news/2009/05/21/2847441-time-for-revolution?email=html

Time for Revolution!
News Type: Event — Thu May 21, 2009 11:58 AM EDT
politics, government, taxes, liberal, freedom, liberty, revolution, libertarian, jefferson, roosevelt, conservitive, authoritarian
Ludwigc

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We need a revolution in this country. Not of violence, but a purging of what our apathy has created.

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I work hard for my money. I’m self employed and in this economy I work harder than ever. After all that struggle and hard work I lose over 50% of my total income to the government per year. That is completely unacceptable.   

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May I point out two things that make the definition or calculation of “taxes” harder:

(1) Corporate taxes are passed along for real people to pay. So when I pick up a can of something in the store, it’s IMPOSSIBLE for me to know how much tax I am paying. And, it’s like looking at a mirror with a mirror behind you. The progression is infinite. The can was taxed. The delivery was taxed. The production equipment is taxed. It’s an accounting nightmare.

(2) The money is no longer a “standard of account”. A 1970 dollar is “different” than a 2010 dollar. In purchasing power. It’s inflation by the Federal Reserve. And, it is the “hidden tax” on dollars. It too is difficult to calculate. If you think in terms of dollars, it’s like doing carpentry where this year’s inch is different than last year’s inch. It’s inconceivable. The definition morphs with time. And, it’s deceptive in that it impacts any dollar denominated asset. This means that you can actually pay more than 100% of your income in tax. Have a half million in assets and inflation is 5%, then you are paying a 25k$ in tax. And, how do you calculate inflation. The FED and the gooferment fudge the numbers.

So, we are slaves. We can’t even guesstimate how much we are paying taxes!

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MONEY: Watch an old quizz show

Sunday, May 3, 2009

Just for an “economics lesson”, watch an old “Let’s Make A Deal” on Game Show Network. Pick any episode. They’re all from the Sixities. Watch for the final prize giveaway. It’s usually a car. Guess the price?

A beautiful Buick LeSabre. Base price 3,000 dollars.

Different dollars!

It makes you laugh!

But, it should make us all cry.

Some store of value.

In 40 years, will people be looking back wistfully about what a dollar could buy!

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MONEY: The dollar as the world’s reserve currency

Saturday, May 2, 2009

http://www.garynorth.com/public/4879.cfm

The Emperor’s New Tools
Gary North
April 25, 2009

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Bernanke assured his listeners that the FED has lots of ways to deal with this threat — painless, politically acceptable ways, he implied.

We have a number of tools we can use to reduce bank reserves or increase short-term interest rates when that becomes necessary. First, many of our lending programs extend credit primarily on a short-term basis and thus could be wound down relatively quickly. In addition, since the lending rates in these programs are typically set above the rates that prevail in normal market conditions, borrower demand for these facilities should wane as conditions improve.

Translation: “The money we have created to bail out the financial system will return to the FED and be mopped up. It will not be lent out again.” The word “many” means “we aren’t saying how much, and we will not tell you if you ask.”

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They have no tools. Only the ability to pull the wool over the sheep’s eyes using their own wool.

I don’t understand: (1) Why the Chinese will hold more dollars? (2) Who’s going to buy Obama’s trillion dollar deficits? (3) What’s going to become of those on fixed income when inflation takes off? (4) What’s going to happen to the American economy when foreigners what to get paid with real money for the stuff they are sending us?

Argh!

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MONEY: The dollar is a figment of your imagination

Friday, May 1, 2009

http://www.campaignforliberty.com/article.php?view=59

The Fed and the Golden Fleece
By William Anderson
Published 04/22/09

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When I teach my economics classes about money, I pass around a $10 gold coin that is a replica of those that were in circulation around 1913, the year Congress created the Federal Reserve System. The coin is made from one-half of an ounce of gold, dating from the time when the dollar was based upon a standard of $20 an ounce.

If I were to value that coin today, according to current gold prices, it would sell for more than $400, which means that according to this way of measuring the value of money, the dollar is worth about 1/40 of what it was when the Fed came into being. Now, this is not necessarily the best or most accurate measure of the decline of the dollar, but it is good enough for the purposes of this article.

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Regardless of how you calculate it or the timeframe you use, the dollar is NOT a store of value.

In my book Church (page 113),  “Money is a matter of functions four, a medium, a measure, a standard, a store.”

The dollar, after the 1913 creation of the Fed, was no longer a measure, standard, or store.

As a youth, reading the Count of Monte Cristo, I dreamt of someday finding a pirate’s treasure. (Hard to imagine anyone not dreaming to find that chest, win the lotto, or such.)

Imagine instead of a chest of gold, finding a chest of dollars. When they were put in, they were valuable. Now they’re worth a fraction.

I often remember my now deceased father-in-law carrying a fifty dollar bill in his wallet ever since he was a young man. He always said: “With that, I’m never poor!” Sad to say, that each year, the value that fifty represented was inflated away. Stolen by the govenrment!

Gold is the only defense.

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GOLDBUG: 10K Gold?

Wednesday, April 29, 2009

http://www.garynorth.com/public/4857.cfm

Why Gold Owners Are Targets of the Government
Gary North

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At some point, the number of investors who figure out that they had better buy gold is going to go from less than 1% of the public to 5%. When that happens, the supply of gold will not increase, and the price of gold will skyrocket. If as many as 10% of the investing public tries to put 10% of their assets in gold, I suspect the price of gold would go to $10,000 an ounce. The gold market is so marginal in the overall commodities market that the attempted 10% of investors to increase their holdings of gold to 10% of their assets would make today’s holders of gold very rich and very happy. I think at some point this is going to happen, but I think it is going to happen in a time of price inflation so bad that the purchasing power of the currencies will decline so fast and so far that the fact that you can get rich in fiat money by selling your gold will not persuade you to sell your gold.

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Like musical chairs, when the music stops, will you be left with worthless paper?

OH, I forgot, it can’t happen here!

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MONEY: Pay your taxes, serf?

Wednesday, April 15, 2009

http://www.impactlab.com/2009/03/27/watching-the-income-tax-system-implode/

March 27th, 2009 at 9:12 am

Watching The Income Tax System Implode

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Change does not happen because everyone gets together first and decides a change is going to happen. Momentum will build quickly around a single event or thought leader. When the general public senses that the end is near, an overwhelming flood of support will rapidly hasten its demise.

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I think it ends when the productive class decides to produce less. They pay less tax. And, the gooferment can’t find enough to tax.

The Chinese decide that 5T$ is too much. And, the world refuses to lend more to the American “banana republic government”.

The world decides that era of the American dollar as a reserve currency is over. And, the American Empire slides into the dustbin of history.

Tax revolt?

Even if we don’t have one here, the one overseas will be much worse.

See inflation is a tax on those foreigners holding dollars.

Gold anyone?

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MONEY: Fiat currency kills the American Dream

Sunday, April 5, 2009

http://www.dailyreckoning.com/dinosaur-economists-and-their-paper-currency/

Dinosaur Economists and their Paper Currency
By The Mogambo Guru

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So the question is, “Is all that spending additive?” I mean, do you add 14% plus 7%? If so, then isn’t government spending 21% of Gross Domestic Product enough to kill the economy a dozen times over, which is what happens every other time in all of history when some brain-dead government of some idiotic country full of childishly-trusting morons allows their corrupt government to spend more than it takes in by creating as much fiat currency as it wants?

*** end quote ***

Amazing about the amount of “counterfeit money” the gooferment is going to push out.

Where does it end? Who winds up holding the bag? When does the “barbara streisand” hit the fan?

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INTERESTING: Deficits matter!

Saturday, April 4, 2009

http://www.youtube.com/watch?v=mhtTfK6Vuz8&feature=player_embedded

Worst Case: The Day The Dollar Falls Part 1/6

A 2005 Dutch film about TEOTWAWKI (The End Of The World As We Know It) caused by a financial panic. All caused by big US deficits.

Interesting?

Maybe the fellow just had the year and President wrong.

Now we have Trillion Dollar Deficits for forever.

Scary!

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