BAD WEEK FOR FREEDOM

“We have two American flags always: one for the rich and one for the poor. When the rich fly it means that things are under control; when the poor fly it means danger, revolution, anarchy.”Henry Miller

  




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With each passing week it seems this country spirals further into the depths of a frightening dystopian fantasy reminiscent of Huxley and Orwell’s dark world of isolation, fear and government brutality portrayed in their masterpieces Brave New World and 1984. I keep speculating whether it’s me that’s crazy and not the things I’m witnessing on a daily basis. The President signs the National Defense Authorization Act, passed by an overwhelming majority of Congress, which allows the government to imprison American citizens indefinitely without charge. And there is barely a squeak from the docile masses as they are soothed by Obama promising to never use that part of the law. I bet you $10,000 a President will invoke that portion of the NDAA in the very near future.

Jon Corzine, a card carrying member of the ruling elite .01%, remains free to roam one of his five palatial estates after stealing $1.6 billion from the accounts of farmers, widows, and thousands of other “clients” of MF Global. In his spare time he raises money for Obama’s re-election campaign. The Federal government, Federal courts and Wall Street banking cabal have circled the wagons and declared the money just vaporized, even though it sits in Jamie Dimon’s vaults at J.P. Morgan. No one is being prosecuted for this deliberate thievery. The psychopathic Wall Street criminals have been getting away with murder for so long they act invulnerable to societal mores and scoff at our laws, rules and regulations. Those are for the 99%. When you control the politicians, regulators, courts, and mainstream media, it’s easy to get away with murder. The jackals and hyenas are laughing in their NYC penthouse suites as they continue to collect $20 million bonuses for a job well done.

 

After this past week I’m apoplectic with rage and fury as the rule of law has been discarded and the Constitution trampled upon by a wealthy connected oligarchy bent upon using their absolute power to further enrich themselves. The Wall Street banks that committed the largest financial crime in history, including: fraud in the inducement, forgery, fabricating documents, bribing rating agencies to rate toxic mortgages as AAA, selling fraudulent derivatives to customers, shorting the derivatives they sold to their customers, throwing millions of Americans out of their homes, charging inflated and bogus fees during the foreclosure process, and conducting a colossal cover-up, were slapped on the wrist and made to pay a miniscule $5 billion to the millions of victims of their crimes. Not one banker has been prosecuted. Not one person has gone to jail. Justice in this country is a putrid joke. There has been no outrage from the general public. The propaganda spewed by the corporate media instructs the masses to rejoice at this fair and just verdict. The truth is that 95% of the population didn’t know or didn’t care about the 50 state foreclosure-gate settlement. They were engrossed by the huge controversy over M.I.A. flipping the bird during the Super Bowl halftime show and whether Madonna was upset about the incident.

“Free” Healthcare

While this travesty of justice was playing out, we were treated to a glimpse into the future of healthcare in America administered by politicians and bureaucrats based upon vote count expediency. The government drones at DHHS mandated from on high that every woman in America would receive “free” contraceptives from their employers. Obama had made this decision and instructed his minions to implement his visionary dictate. The outrage and anger from religious groups and employers was instantaneous. Obama saw the 2012 election slipping away and reversed course within a day. He is quite the man of principle. His “solution” was to force insurance companies to provide “free” contraception to any employee of a religious employer that didn’t provide that coverage in their insurance plan. When I hear these sociopathic politicians use the word “free” when describing healthcare or any of their thousands of bankrupt government programs, I have an overpowering impulse to smash something. Insurance companies will not provide “free” contraceptives to women. Insurance premiums will rise for everyone.

Remember Obama’s assertion about his government takeover of healthcare:

“As a consequence of the Affordable Care Act, premiums are going to be lower than they would be otherwise; health care costs overall are going to be lower than they would be otherwise.”

The next government program that reduces costs, provides better service, and is more efficient than the private market will be the first government program to do so. Examples of government ineptitude, corruption and waste include: Social Security, Medicare, Welfare, the Energy Dept., the Education Dept., and the Dept. of War. Jonathan Gruber, MIT economist and chief architect of Obamacare and Romneycare, recently admitted the truth about Obamacare:

“After the application of tax subsidies, 59% of the individual market will experience an average premium increase of 31%. My findings reflect the high cost of folding state high risk pools into the [federal government’s] exchange — without using the money the state was already spending to subsidize those high risk pools.”

Based on what Obamacare has done for the American people before its full implementation in 2014, you’ll be begging for a death panel to put you out of your misery. The following “free” healthcare services were required to be covered by insurance companies in 2010:

  • Cover preventive care without co-pays or deductibles.
  • Allow adult children to stay on parents’ policies until age 26.
  • Increase annual coverage limits.
  • Cover children without regard for preexisting conditions.

Obama’s promise that families would save $2,500 per year in the future might come up a tad short, as insurance premiums skyrocketed by 9% in 2011. Not only have premiums soared, but many companies have increased co-pays from $10 to $25 for doctor visits.

Source: Kaiser Family Foundation

Only a deceitful government busybody do-gooder would actually argue that forcing insurance companies to cover millions more Americans and cover pre-existing conditions would result in lower costs for the average family. I wonder what will happen in 2014 when 30 million more Americans are guaranteed “free” healthcare under Obamacare. The saddest part of this oncoming train wreck is that millions of willfully ignorant people actually believed the blatant lies and false storyline fed to them by sociopathic politicians who desire to control every aspect of their lives. These people believe they know what is best for you. They believe they are smarter than you. They do not care what means are required to achieve their ends of absolute domination over your life. Personal freedom, individual liberty and a critical thinking populace are the antithesis to the desires of the governing elite.

Home Sweet Home

The central planners within government and inhabiting the Federal Reserve are never in doubt that their theories, programs, solutions, mandates and schemes will achieve their desired outcome. The trouble for the American people is the desired result is not designed or planned to actually benefit them. The psychopaths drawn to politics, regulatory agencies, and government bureaucracies have no remorse or qualms about lying, utilizing propaganda, and instilling fear to achieve the ends that endorse their self serving agenda. Every dime of government spending is seized from the people by force or created out of thin air by an all knowing self-proclaimed Great Depression expert named Ben Bernanke. This Ivy League professor who has spent his entire life in academia and government thinks he knows which levers to pull to revive an economy that he destroyed. His wisdom is borne out in his prescient assessment of the U.S. housing market as it was imploding:

“We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though.” – July 2005

“House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.” – October 2005

“Housing markets are cooling a bit. Our expectation is that the decline in activity or the slowing in activity will be moderate, that house prices will probably continue to rise.” – February 2006

“All that said, given the fundamental factors in place that should support the demand for housing, we believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.  The vast majority of mortgages, including even subprime mortgages, continue to perform well.  Past gains in house prices have left most homeowners with significant amounts of home equity, and growth in jobs and incomes should help keep the financial obligations of most households manageable.” – May 2007

It should be clear to everyone that Ben is a goddamn genius. You can see why the mainstream corporate media hangs on his every utterance. He has accepted no responsibility for his part in producing an epic housing collapse and the subsequent recession that continues to this day. His lack of conscience comes in handy as he has destroyed the finances of millions of senior citizens dependent upon interest income to make ends meet. Having no guiding principles or ethics allows him to declare with a straight face that inflation is well contained as gas prices approach $4.00 per gallon, food prices surge 10%, and his inflationary policies contribute to revolutions around the globe.

Last week this sage spoke to the Home Builders Association and left no doubt that he has no interest in what is best for the American people. His economic remedies are the exact opposite of what is needed to cure the disease of a debt ravaged society. Dr. Bernake’s prescription is more debt fueled spending by consumers to refill the coffers on Wall Street. This is not surprising considering he is nothing but a puppet of Dimon, Pandit, Blankfein and the rest of the Wall Street cabal. His speech revealed his allegiances:

“One of the effects of declines in housing wealth is to reduce the ability and willingness of households to spend. It appears that recent declines in housing wealth may be reducing consumer spending between $200 billion and $375 billion per year. That reduction corresponds to lower living standards for many Americans. And, importantly, lower sales of goods and services also reduce the incentives of firms to invest and hire, thereby slowing the recovery. Low or negative equity creates additional problems for households. It reduces financial flexibility: Homeowners who are underwater on their mortgages cannot tap home equity to pay for emergency health expenses or their children’s college educations.”

Whenever I read Bernanke’s words, I’m reminded of George Orwell’s quote about intelligent people:

“There are some ideas so wrong that only a very intelligent person could believe in them.”

This is a man who believes he knows better than the market. He’s an economics professor that doesn’t believe in the law of supply and demand as taught in Econ 101. He thinks he can control home prices. He thinks he knows the ideal interest rate. He thinks he knows just how much money printing will revive the economy. He believes a healthy economy is driven by artificially propping up home prices, encouraging people to spend money they don’t have, recommending that homeowners borrow against their homes ($3 trillion borrowed and pissed away from 2003 through 2008), and forcing banks to make loans to subprime borrowers – again. His solution to the millions of bank owned homes is to use the taxpayer owned Fannie and Freddie to initiate bulk discount sales of these homes to his friends in the .01% so they can turn around and rent them to their former owners. I wish someone could explain to me how this helps the 99%. It is another backdoor bailout of Wall Street on the straining backs of the American taxpayer.

Obama’s housing solutions in 2009-2010 included multiple home buyer tax credits, loan modification programs, and a myriad of other Keynesian claptrap spending schemes. Bernanke supported all of those measures. They spent $30 billion of your tax dollars in an effort to artificially prop up home prices. Home prices have fallen 10% since they threw your money down the rat hole where all government programs reside, and they continue to fall. These central government planners don’t like to publicize the fact they continue to operate Fannie Mae, Freddie Mac, and the FHA as a way to shift losses from Wall Street to Main Street. Fannie and Freddie have lost $160 billion of your tax dollars since 2008, but amazingly the losses don’t show up in the Federal budget because reality has no place in politics or governmental accounting. The FHA just announced they will require a taxpayer bailout for the first time in their 78 year existence, as they lose $5 billion of your money per year on behalf of the Wall Street banking cartel. The toxic mortgages that don’t reside on the books of Fannie, Freddie and the FHA are sitting on Ben’s balance sheet. They reside, hidden from public view, in the “Other Assets” section of the chart below. His tripling of the Federal Reserve balance sheet was done for one reason only – to save the Wall Street bankers, their shareholders, and their bondholders. His actions have in no way benefitted the American people or the American economy.

It is mind boggling the degree to which central planners like Bernanke, Geithner, Obama and Congress will inflict their vision of how the economy and world in general should operate upon the trusting masses. The American people want to believe their leaders are doing what is best for them. They like dwelling in a land of delusion, security and luxury, where government guarantees to protect them from: terrorists; Iranian invasion; saving for retirement; looking out for their own health; educating themselves; and accepting the consequences of living above their means. Their ability to distinguish between truth and propaganda has been thoroughly degraded by years of government proscribed education. We have chosen to become a knowingly ignorant nation of true believers. There is no time for critical thinking while we anticipate our next tweet about the death of drug addicted pop singer. We have been taught to love our servitude.

“…most men and women will grow up to love their servitude and will never dream of revolution.”Aldous Huxley – Brave New World

The fallacy of government protecting you, taking care of you and providing you “free” benefits is so ingrained in the American psyche that it is virtually impossible to voluntarily reverse the trend. The truth that Americans refuse to acknowledge is that nothing is free in this life. We are not entitled to own a home, a free education, free healthcare, or a comfy privileged existence. Everything government provides is taken by force from someone else. Everything government does has a cost. Americans have traded freedom and liberty for the appearance of safety and security.The cost is constant war, getting groped by TSA perverts, surveillance by government agencies, threat of imprisonment without charges and a $1 trillion price tag per year. The cost of “free” healthcare is mind numbingly ludicrous rules and regulations for doctors and patients, massive fraud, outrageously expensive procedures and medications, and a $100 trillion unfunded liability left for future generations. The ultimate cost of an overbearing, all controlling government will be economic collapse and revolution.

Who Decides?

“Those who vote decide nothing. Those who count the vote decide everything.” – Joseph Stalin

The concluding act during this bad week for freedom occurred on Saturday in the great state of Maine. When it became clear that Ron Paul was going to win the Maine caucuses, the GOP establishment, that has already anointed Mitt Romney the Republican nominee, decided the people of Maine would be told who won. Using the excuse of an impending snowstorm (less than 1 inch), the powers that be cancelled the caucuses in Washington County where a large contingent of youthful Ron Paul supporters dominated. The Girl Scouts didn’t cancel their event in the same county that day. The men who cancelled the caucus are strong Romney supporters. This was a blatant Stalinist act of voter disenfranchisement. The GOP leaders declared those votes would not count in the totals. Despite this despicable act of rigging an election, Ron Paul doubled his vote percentage from 2008. His message of freedom, liberty, non-interventionism, sound money and self-reliance is reverberating across the land among young people who have not been programmed by the governing elite and the corporate mass media. The establishment will do everything in their power, including vote fraud, to prevent Ron Paul’s anti-establishment message from being heard.

A small delegation of authoritative, rich men continues to pull the strings in this country. The examples I’ve sited in the last week prove we are moving ever more rapidly towards what Friedrich Hayek described as a‘dictatorship of the proletariat’. The actions of the governing class point to no other conclusion as described by Simon Black:

  • Hundreds of thousands of mortgage contracts abrogated by the Federal government;
  • Suspension of gun rights by several local governments;
  • The continued criminalization of protest and free assembly;
  • Increased surveillance and police state tactics;
  • Authorization of military force and detention against the citizens;
  • Seizing and/or voiding pension systems into which workers have paid lifelong contributions;
  • Rejection of long-standing senior debt positions in favor of labor unions;
  • Executive and police agencies ruling by regulation and policy, not by legislative process;

When you pose the possibility of a dictatorship in America, the defender of freedom and democracy, old timers scoff and laugh off the possibility. We are the bright shining light on the mountaintop – that preemptively invades other countries; murders suspected foes with predator drones; imprisons and tortures foreigners in secret prisons; and plans to have 30,000 spy drones patrolling the skies over U.S. cities within the next few years. The government now has the authority to imprison U.S. citizens without cause for as long as they see fit. The government plans to lock down and control the internet. How could we possibly descend toward dictatorial rule? The conditions are perfect for sociopaths dwelling in government bureaucracies to make their move, as elucidated by Doug Casey:

“You may be thinking that what happened in places like Nazi Germany, the Soviet Union, Mao’s China, Pol Pot’s Cambodia and scores of other countries in recent history could not, for some reason, happen in the US. Actually, there’s no reason it won’t at this point. All the institutions that made America exceptional – including a belief in capitalism, individualism, self-reliance and the restraints of the Constitution – are now only historical artifacts.On the other hand, the distribution of sociopaths is completely uniform across both space and time. Per capita, there were no more evil people in Stalin’s Russia, Hitler’s Germany, Mao’s China, Amin’s Uganda, Ceausescu’s Romania or Pol Pot’s Cambodia than there are today in the US. All you need is favorable conditions for them to bloom, much as mushrooms do after a rainstorm.”- Casey Report

Call me a raging optimist, but I see positive signs that an irate tireless minority of Americans are coming to their senses and preparing for a showdown with the ruling oligarchy. The tremendous support for Ron Paul’s message among those under the age of 30 is inspiring. His devoted followers have incredible enthusiasm and will be a force to be reckoned with. The upcoming election will be won or lost based upon whether Ron Paul decides to run as a 3rd Party candidate, spreading his inspirational message. The Occupy Movement is also being driven by people under the age of 30. Their courage and audacity in standing up to brutal establishment military tactics and focusing the attention of the world on the greed, avarice and corruption rampant throughout our economic and political system has given me hope that the good guys can win. Every day the Millenial generation gains strength as the power of the older generations slowly wanes.

The internet has proven to be the best weapon in the fight against the governing elite. It offers people the freedom to ignore government sponsored propaganda being blasted by the corporate media. Critical thinkers can connect with other critical thinkers, while seeking the truth and spreading ideas. You can examine websites like Zero Hedge, Jesse’s Café Americain, Of Two Minds, and Mish to comprehend what is really happening in your world. The tumult and outrage exhibited by millions when the despotic Congressional jackals attempted to pass SOPA and PIPA was inspirational. The people’s voice was heard loud and clear. The politicians ruling over our lives have no guiding principles or moral code. They peddle their votes to the highest bidder. They conduct polls to determine what their constituents want to hear and then shockingly tailor a message that voters find to be exactly what they think. These sociopaths only respond to one thing – being exposed as liars and thieves. When they are confronted by an irate citizenry they scatter like roaches in a West Philly row house kitchen when you turn the light on. Yes votes on SOPA turned to No votes quicker than the Federal government can spend a billion of your tax dollars (10 hours). Obama showed how principled his positions are by backtracking on his “free” contraception mandate in less than 24 hours. If we speak loud enough they will listen, or else.

The “or else” is reflected in the chart below showing gun purchases over the last ten years. Millions of good law abiding Americans are armed. The accelerating trend is a hopeful sign that we will not allow a small contingent of corrupt politicians backed by shadowy rich men (22 men have contributed 67% of all the Super Pac money in the GOP primaries), hiding from public view, to treat this country as their personal playground.

It was a bad week for freedom loving people, but I believe there are enough patriots left in this country to change our course. We are being buried under a blizzard of lies on a daily basis. We have a choice. We can support the existing corrupt crony capitalist establishment (Obama & Romney) or we can declare war on lies, deceit and misinformation by rallying behind the only person who would truly attempt to reverse decades of corruption, sleaze, incompetence, bloat, debt accumulation, and a warped version of free market capitalism – Ron Paul. He is the only public figure willing to level with the American people and tell them the truth. Will we let the concept of truth fade out of the world? The choice is ours.

“In our age there is no such thing as ‘keeping out of politics.’ All issues are political issues, and politics itself is a mass of lies, evasions, folly, hatred and schizophrenia. The very concept of objective truth is fading out of the world. Lies will pass into history.” –   George Orwell

  

“Truth is treason in an empire of lies.”Ron Paul

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104 Comments
AWD
AWD
February 15, 2012 9:47 pm

Colma:

You’re a treasure. Love the healthcare comments. Boomers as klingons? perfect.

A boomer before his time:

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AWD
AWD
February 15, 2012 9:49 pm

Heeeeeeere’s “skinny”

[imgcomment image[/img]

a legend in his/her own mind….

shorty
shorty
February 15, 2012 9:50 pm

Truer words have never been written.
Thank you from a long time reader.

Colma Rising
Colma Rising
February 15, 2012 9:55 pm

Here’s the “Skinny”

“Bad week? Where have you been the last 170 weeks since November, 2008.”

(Can’t get dopier than that. Along the same line of logic, insert 1913)

“I’m having a hard time imagining John Adams loafing in lower Manhattan while trying to convince his fellow loafers of the urgency of establishing a sanitary commission.”

(John Adams would do everything he could to assure a civil society, no matter how small, and volunteer to do what he proposed… Again. Dopey.)

“If we refuse to engage over there, they will engage us over here…”

(I would just love to hear a view on “free trade” along with this sentence.)

“With Iran closing in on the bomb and with it the entire remaking of the Middle East, I can’t get all on board with respecting other nations’ sovereignty.”

(Ever heard of Pakistan? Non-proliferation, I agree, is an endeavor of human survival. That being said, that statement is Globalist in nature and dopey when viewed through the very, very real lense of current situations and events.)

“While I agree its past time to get out of Afghanistan (it was time to go 6 weeks after we went in) but in a Paul Administration there never would have been a going in to begin with. 3,000 dead in NY, Arlington, and Pennsylvania and all we would have had was navel gazing over why they don’t like us.”

(Conjecture… and perhaps a closer look at the situation in it’s entirety would reveal that even on a clandestine level, sacking mountainous shepherds in the place of filthy-rich sheiks would have been avoided with a little more thought for a future beyond a 5 year timeline.)

“The finish will occur in a couple years when China passes us as the world’s leading economy, the dollar is pushed aside as the world’s reserve currency, and the realization comes home that lending additional dollars to a country already $17 or $18 trillion in debt is not a good investment strategy. From then on, we will be nostalgic for what is currently going on in Greece.”

(How profound… and presumptive. World Population= 7B+. So if you love fucking China so much, why don’t you marry it…. wait…. you probably already did. Makes me wonder if you should be heeded or if you should just move there. I’m sure your offspring will be swimming in “rights” and “capital” there… good luck, lo-fan.)

What a jackass.

Colma Rising
Colma Rising
February 15, 2012 10:10 pm

Everyone knows the Klingon joke, not just A-dubs, right?

SRV
SRV
February 15, 2012 10:14 pm

@AWD…

I’m sure it won’t have any affect on your loathing of President Obama, but I just thought you should know that he did not bail out the banks… the bailout was approved by congress and signed by President Bush before Obama was elected.

And just to save you the time and effort of a scathing reply, don’t bother… this place scares me and I will not be back. Clearly America has no chance.

AWD
AWD
February 15, 2012 10:20 pm

SRV:

I said the government bailed the banks. Read for comprehension.

This place is scary?

Oh, the humanity.. You ain’t seen nothing man.

SRV heading back to Yahoo teen chat rooms….

[img]http://t1.gstatic.com/images?q=tbn:ANd9GcSuk8vlnXZvWgignKFIH5NXEPIGsZhMG_IqgWd5SB02TBOiqxNcG9T2OXSW[/img]

Colma Rising
Colma Rising
February 15, 2012 10:23 pm

SRV:

For your unyielding, chivalrous input: You will not be missed.

For your clarity of view and argument: You will not be missed.

For being “scared”: You will not be missed.

You will not be missed.

drillingdeeper
drillingdeeper
February 16, 2012 8:54 am

Good points in the article, saw it on ZH.

Since this is an open forum, I would like to say while I like RP on constitutional issues, I am concerned with his definition of “sound money”

http://www.optimist123.com/optimist/2007/05/sound_money_ver.html

http://libertyrevival.wordpress.com/?s=monetary

This is based on my reading of the History of the Gold Standard

http://useconomy.about.com/od/monetarypolicy/p/gold_history.htm

I am also concerned with the libertarian philosophy on the role of the government, that is regulation. While I think there are way too many nanny state regs, and unneeded complexity, I believe we still need some, especially in the area of financial regulation which I feel should be simplified, but enforced on the important violations such as fraud and manipulation.

I also believe that the “trusts” in business need to be busted – Antitrust – Anti-Monopoly.

Regarding taxes I like the below philosophy.

http://www.henrygeorge.org/isms.htm

drillingdeeper
drillingdeeper
February 16, 2012 9:02 am

Another good gold standard critique – careful what you wish for…

http://www.optimist123.com/optimist/2007/01/stubborn_irony__3.html

Mcmike
Mcmike
February 16, 2012 9:11 am

I am curious why you conclude that wall street is pathological and served by govt, but with insurance, you view the industry essentially as innocent victims of socialist meddling. Have you tried analyzing obamacare instead through the same lense as wall street? You might find that the corporate capture is not limited to banking. I have a hard time reconciling the fascist/corporatist obama in banking with the alleged socialist/nanny obama in health care. Which is he?

drillingdeeper
drillingdeeper
February 16, 2012 9:43 am

Hey, don’t take my word for it, research it yourself, below is a fresh post on zero hedge.

I didn’t write it.

Wed, 02/15/2012 – 23:23 | 2164854 jomama
Vote up!1
Vote down!0
so i was wondering how much gold had been ‘cursed’ through all the shadiness of mankind throughout the centuries, and i stumbled upon this.

In the past three hundred years, those that control the vast majority of gold have undertaken two specific campaigns – to remove private citizen ownership of gold and to remove public gold reserves as competition.

Gold is then withdrawn after an appropriate time, replaced by liens, and paper based underwriting to paper based currency.

As debt has become unmanageable, gold is then returned under a different guise, using the poor intellectual and “truth and enlightenment” class to promote its validity.

This is precisely the plan being successfully executed by the descendents of the Menes water pirates and the Khazar land pirates now as bankers and merchants.

The strongest promoters of “lawful money” today is not the business class, historians or politicians, but the truth movement, unwittingly manipulated by the bankers as they were every seventy years like clockwork in the 1930’s globally and the 1860’s in America , in 1790’s in France and in 1720’s in Amsterdam and Germany.

Despite the fact that the Parasite Banker/Merchant families have used the “lawful money” trick of gold repeatedly and despite the fact of the overwhelming evidence that such acceptance only strengthens their control on commerce, the truth movement of today is completely and utterly entranced, ignorant and spellbound as it was every other time since the days of the Roman Empire and Julius Caesar – hence the curse power of gold.

http://www.zerohedge.com/news/advance-gold-standard-thought-experiment-stocks-vs-flows?page=2#comment-2165627

BPers, we have much in common regarding the desire for liberty, but how to get there is the tricky part, especially in light of our long human history of repeating mistakes.

Drilldeeper

Petey
Petey
February 16, 2012 9:47 am

SRV

While Bush did sign it into law, Obama voted for the bailouts as a senator.

Petey
Petey
February 16, 2012 9:48 am

I can’t believe some people still see things through the lens of Red vs. Blue, especially middle aged to older folks. I am young and I can see through all of this bullshit.

Petey
Petey
February 16, 2012 9:56 am

Drillingdeeper, does infinite credit in a finite world make sense? In order to keep up, the working class can’t rely on their savings since the interest payments are shitty so instead they would have to risk it in dividend stocks. Most likely they will not do this because they are fearful of the markets so they continually fall behind and use debt as a cover.

Gold as an anchor on credit helps the working class as prices stay in check and provides needed trust to the system.

Petey
Petey
February 16, 2012 9:57 am

And your nonsense about Khazars, Jews, etc.. is laughable.

drillingdeeper
drillingdeeper
February 16, 2012 11:51 am

Petey,

Petey says:

Drillingdeeper, does infinite credit in a finite world make sense?

No

I agree with your credit supply points, did you read my links?

Regarding gold as an automatic “anchor”, the supply of this gold – and as money – credit – is what concerns me. Do we need some in reserve for confidence reasons? – perhaps yes for now.

Could it have a down – deflationary side – history says yes on many occasions.

Can it be inflationary, yes sometimes.

It it a rock steady un-moving anchor? Hmmm.

It needs to be able grow a bit to stay above deflation that is a little inflation as a natural outgrowth of a healthy economy, not a sick one like today.

Gold supply growth is the issue.

http://www.dani2989.com/gold/productiondorcyclesgb26072004.htm

I think philisophically we are in agreement Petey, our difference in on the “how”

We need a mechanism for “sound money” that works especially for the point that you make..

drillingdeeper
drillingdeeper
February 16, 2012 12:00 pm

Petey says:

And your nonsense about Khazars, Jews, etc.. is laughable.

Like or Dislike: 1 0

That was not my writing Petey, it was from a ZH post I cut and pasted.

I really don’t care if there is an identifiable “they” I just know that we have gone down the gold standard road before with very questionable results.

Robmu1
Robmu1
February 16, 2012 1:59 pm

What do you call it when someone steals someone else’s money secretly? Theft. What do you call it when someone takes someone else’s money openly by force? Robbery. What do you call it when a politician takes someone else’s money in taxes and gives it to someone who is more likely to vote for him? Social Justice. – Thomas Sowell

Novista
Novista
February 16, 2012 9:18 pm

drillingdeeper

Be careful with the history you read, especially the deflationist kind. Too many economists have no idea of the real world — the latter part of the 19th C is considered deflationist because “prices were falling, oh god” … conveniently ignoring the rise of the industrial revolution in America along with the greater productivity in agriculture.

As for gold itself, the anchor is not automatic when banks violate their charter. Inflated paper money, runs on banks, failure — it was not gold that failed but men. Just as with regulations.

Where were the regulators before the S&L crisis? Oops. But a few good men who did their jobs brought over a thousand criminal referrals for fraud. Good old common law works.

Funny thing about Rule of Law, it is respected even in the libertarian philosophy.

Of course, there’s always Hayek’s approach to ‘no legal tender’, let the people decide which money to use. That even worked in the Weimar hyperinflation — so did gold. Heh.

Note how many times in American history that the governments allowed no deeming paper money for gold. Or maybe your reading of history is colored by Great Britain in 1925. Going off gold is always a way to pay for war. It worked for Lincoln, it worked for jolly old England (and they had a lot of help in WW1 from the U.S.) So their gold standard they talked up for five years turned out to be a gold-exchange standard (but not for people) based on inflationary policies.

“A little inflation” is a trap, code for inflationary policies that always blow up. The other favorite phrase over the decades has been “an elastic currency”. What happens when you stretch a rubber band too far? Just ask Gideon Gono.

ron
ron
February 17, 2012 12:09 pm

Im worried that Obama is the next Chavez. Iran war and the resulting chaos from energy prices.
Equals martial law and Obama forever,that well never happen,right?
Admin. you ever send your articles to other sites? Try to spread the info to all the folks that are asleep?

IndenturedServant
IndenturedServant
February 17, 2012 1:27 pm

Admin said “We have chosen to become a knowingly ignorant nation of true believers.”

Exactly! Like admin, I’m hopeful that more Americans are waking up to reality every day. We’re not there yet but well on our way. Shit will necessarily have to get much worse before we reach a tipping point.
I_S

Stucky
Stucky
February 17, 2012 5:57 pm

“And a Ron Paul presidency will not make us any less the Great Satan, it will just make us a less respected, more inviting target.” —- Skinny

Really? We have TEN THOUSAND PLUS nukes. Yeah …we’re an inviting target. LOL

Now, listen close. Get the fuck outta here. If you come back I will track you down and beat the shit out of you. (Hey Chattham guys … fuckoff.)

Chattam Police
Chattam Police
February 17, 2012 6:21 pm

Watch it Stuckmeister,

We have a drone on its way.

Chillin' The Danno
Chillin' The Danno
February 17, 2012 10:07 pm

Her Stuchenstein needs only to karaoke some Hasselhof, wiggling between a couple of hot ladies of the isle of lesbos to let the world hear him roar.

Then Her Stuchenmeister will find inner peace.

Stucky
Stucky
February 18, 2012 12:20 am

I already have lotsa inner peace.
[imgcomment image[/img]

Josh
Josh
February 21, 2012 3:01 pm
Stucky
Stucky
February 21, 2012 3:15 pm

I am taking the liberty to post Josh’s graphic (above) and explanation since;
—– 1) people don’t always click on links,
—– 2) change the subect from the shameful boomer bashing
—– 3) I enjoy WTF moments, and this “stock Pick” tip is a doozy

===========================================================

[imgcomment image[/img]

We all know that when the stock market bottomed in March 2009 the S&P 500 hit an intraday low of 666, one of the most symbolically charged numbers in the Western world. 7 is another such number, as is the number 13. The number 911 also fits into this category.

The day before the one year anniversary of the attack on the World Trade Center the S&P 500 closed at exactly 911.00. So as the Dow Jones Industrial average celebrates its return to the 13K level, astute students of the market are compelled to ask themselves, does this mark the top in the same way that 666 marked the bottom? Time will tell…

casamurphy
casamurphy
February 22, 2012 7:36 am

http://www.oftwominds.com/blogmar11/small-biz3-11.html

Charles Hugh Smith (link above) has some useful suggestions as to how to improve things.

Here’s a summary:

1.1 Change tax code to favor production of tangible goods and services.
1.2 Tax financial churning for both corporations and individuals 0% up to first $100,000; then 50% from $100,001–1,000,000; and finally 75% for annual amounts over 1 million.
1.3 If Corporations give up their “personhood” and stay out of politics, tax them at 0% since revenue can be had from the taxations of the dividends and profits earned by shareholders, management, and labor.
1.4 If Corporations choose to keep their “personhood” then tax them as persons.
1.5 Ban health insurance…resetting healthcare to the cash basis existing in 1965.
1.6 Accepting the realities of bureaucracy, waits, limitations, etc. expand the Veterans Administration hospital system into a nationwide system available to every citizen so that the corrupt sickcare cartels no longer have political leverage to suck an undeserving extra 10% of GDP out of the pockets of Americans as compared to other industrialized countries.
1.7 Eliminate the now uneccessary Medicaid and Medicare programs.

Novista
Novista
February 23, 2012 8:17 am

casa

Thanks for the feedback.

I can see that in an honest system, it might work. I. myself. had no idea how fucked the U.S. ‘health’ system was before 2002. All I knew, when I’d learned my aged mother collapsed on the kitchen floor in her small condo was that she was still alive when I left Australia.

By the time I arrived, two days later in Florida, she was in a nursing home? :Why, who, how? No answer. So I went to the hospital where she’d been taken. Only direct surviving relation and … “We can’t tell you canything because of privacy regulations!” With a smirk. Fortunately, my Australian wife was with me then, and saw me raise my fist and said, “Go out.” Just as well …

All I got from the hospital later was a bill for $14,xxx , most from elsewhere with a co-pay. The Itemization: Tests. Which? Results? You gotta be kidding, fuck orf.

Back at the nursing home, the HR person told me, “Your mother needs physiotherapy and her private benefits have run out.” Eh? Paid coverage for years and minimal involvement, mainly high blood pressure medication, WTF? Oh, and, “We see from her application … you might need to spend some of her excess funds to get below the threshold.” Or some shit.

I mean, we’re talking about a young woman hauled out of high school in the 10th grade to “help support the family in the Great Depression.” And who got her GED in Clinton’s administration! Oldest woman in Florida at that time to do so. Wau! And now, it’s ‘fuck you!’

But we got her into another and better home in ‘Daytona’ where she died peacefully. Probably coked to the eyeballs, but wot the hell.

Gotta laugh, I’d had to get a lawyer to process my claim as son and only living relative
to formally apply to the fucking court to be her guardian, whoohoo. But mom died the day of that hearing. I only knew when, months later, back in the land of oz, I had a contempt of court citation for not appearing at the hearing no longer necessary. And then, my lawyer tried to stiff me for the $1k advance I’d left to tie up loose ends. What advance?

Sorry, this is way off on a tangent, and I respect CHS but I’m not sure he’s experienced in the Real World. This is where the fuckwits in charge can fuck up a wet dream.

michaelj007
michaelj007
February 23, 2012 1:56 pm

Admin- I’ll be in attendance.

http://www.icsc.org/2012UV/pdf/2012UV_Debt.pdf

JustamereBear
JustamereBear
February 24, 2012 2:46 am

That was some comment, and unfortuntely based on reality.

If you want to see one possible future on how this plays out, Read ther novel “Operation Phoenix” (Free read for a limited time) go to http://www.AllenCurrie.ca

This coming crap ain’t gonna be pretty

J’Bear

michaelj007
michaelj007
February 24, 2012 9:13 am

Admin- Only if said beer is Sharia compliant. ha ha! Please shoot me an email.

Stucky
Stucky
February 26, 2012 8:33 am

This is post #100.

I await my free prize.

Carry on.

Bob Agard
Bob Agard
February 26, 2012 5:55 pm

Linked here: http://bobagard.blogspot.com/2012/02/willful-ignorance.html

By the way, have you written about the discovery of 26 times Ron Paul has double-billed for travel expenses?

Novista
Novista
February 26, 2012 6:39 pm

When we know the facts, Bob, we don’t have to write about shit, unless it is you.

http://www.youtube.com/watch?v=Vcn15iZSjQo&feature=player_embedded

There’s your rebuttal — now fuck off back to huffington post.