GOLDBUG: Gold prevents theft by the politicians

Monday, November 16, 2015

Ep. 529 Leftist Site Attacks Gold Standard; Here’s Our Smackdown
9th November 2015
Tom Woods

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ThinkProgress, the heresy-hunting thought-control site, lashed out at Ted Cruz last week for advocating some kind of tie between the dollar and gold. Cruz himself is not the issue; the issue is how terrible their article was. Their article is the bologna; the Tom Woods Show is the slicer.

About the Guests

Joseph T. Salerno is academic vice president of the Mises Institute, a professor of economics at Pace University, and the John V. Denson II Professor of Economics at Auburn University.

Jeffrey M. Herbener is chairman of the department of economics at Grove City College and associate editor of the Quarterly Journal of Austrian Economics.

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SALERNO: Yeah, that’s true, absolutely. In the 19th century, prices from 1800 or so toabout 1896 fell by about 20%. In other words, $1 bought roughly 20% more in 1896 than it did in 1800, whereas if you compare the timespan that the Fed was in existence from 1914 until today, our dollar’s worth about 4 cents. So in other words, the value of the dollar has declined by over 95%, and it has nothing to do with — that is, the 19th century performance — had nothing to do with the fact that the dollar was tied to a”shiny metal” and that the value was real; it’s simply that the gold standard restrained the number of dollars that politicians could print.

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I think the essential point, of a “gold standard” or any “sound money”, is the restraint it put on the banksters to dilute the value of money. At least the Kings and Princes of old had to “clip” the gold and silver out of the coins. 

I came to this epiphany when I saw a Smithsonian exhibit of the French franc over time. IT started as a “hockey puck” of gold and wound up as a “very very thin shirt button” of gold. Argh! That’s when the light bulb went off. All I could think at the time was William Jennings Bryan saying “I will not help to crucify mankind upon a cross of gold.” We should have stuck with gold!

I can’t imagine what America would be like if we didn’t have the FED (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.) which allowed the welfare / warfare state to silently rob the people of their wealth. Argh!

Now try to lock the proverbial barn door.

The FED’s “zero interest rate” policy for the last eight years (?) is a double disaster — (1) without interest rates to filter “bad” capital projects, all sorts of mistakes are being made; AND (2) the poor old senior citizen on a fixed income have had their wealth destroyed.


Hope there is a special circle of Hell for these people.

Good job by Woods, Salerno, and Herbener to knock this out of the “park”.

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POLITICAL: How Americans perceive “war”

Monday, June 1, 2015

Nazis on the Backlot
How Hollywood has changed our perception of war

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Memorial Day used to be a somber occasion, dedicated to reflection and remembrance of those killed in America’s wars. Today it is instead a celebration of ongoing wars, a long shopping weekend and the unofficial start of summer. Part of the problem with America’s shifting perception of the price to be paid when one goes to war is that it has been shaped by Hollywood and video games, so much so that it has become divorced from the horrible reality of what happens when countries and peoples do their best to kill each other.

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My point is that when Americans think of war they think of something heroic and relatively painless unless you are somehow electrocuted by your PlayStation. There are no bad consequences arising from stomping on Afghans from a control center in Nevada. And if you screw up and kill a wedding party, so what? I am not advocating a salutary invasion of the United States to create an awareness of just how terrible war is, but a little more creative candor from the media, Hollywood and the political class might just help make the public think twice before it goes into that voting booth to pull the handle for Ted Cruz or Jeb Bush. Or Hillary.

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“WAR is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.” –Major General Smedley Butler

Gooferment needs war to keep the Crony Capitalists pouring “campaign contributions” into the politicians and bureaucrats.

I have often blamed “giving women the right to vote” for the rise of “organized crime” because they pushed Prohibition and other “Progressive” causes. I add to that they have failed to stop us from going to war so many time. 

“Yes, when we get out of here. We’re going to have to fix that. You know we control something that can get it done. Not the ballot box, but the other box. (A giant sucking sound as pure Miss Marie used that very rude idiom.) We can end war.” — character “Marie” being anti-war in CHURCH 10●19●62 Volume 1 Page 262

As I’ve aged, I’d like to think I’ve gotten wiser. 

And, one topic of growth is about the wars.

I don’t understand why “We, The Sheeple” can NOT wake up and see the rows of graves and ask “Why?”

You can trace it back to brainwashing, propaganda, and Gooferment Skrules.

It’s rooted in the FED printing press money that allows the Welfare / Warfare state to spend without restraint. (One reason for the FED was so that Gooferment could spend money without having to forcibly extract it from the people.)

SO how do we roll this back and put Gooferment back in avery small cage?

Have to end the FED. Have to end Gooferment Skrules. Have to bring all the girls and boys home now.

Be more like Switzerland.

Secession is the key. Just like the USSR imploded, so to will the USA. 

Argh! Not going to happen in my lifetime.

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