Posts tagged sound money
The Economic Crisis On Our Doorstep
Published by Libertarianism.org
Dr. Ron Paul was formerly the U.S. Representative for Texas’s 14th congressional district. He has also been a three-time candidate for President of the United States; as a Libertarian in 1988 and as a Republican in 2008 and 2012.
Paul speaks at a meeting of the Economic Club of Detroit in 1988. He warns of a coming economic crisis, which he claims is the end result of the government’s fiscal and monetary programs.
Again, Ron Paul had it right and told all willing to listen regarding the upcoming economic crisis.
Ideas Created The Federal Reserve…Ideas Can Get Rid of It
The Washington Post‘s Wonkblog, which can be counted on to defend every government mischief imaginable, reports on an “all-star economic conference” that took place in DC. Whenever you hear of an “economic conference” in DC, it can only mean trouble. The real economic conferences take place in Auburn, Alabama.
In the DC conference, the King of the “all-stars” — Fed Chairman Bernanke — graced the stage, and would provide a history lesson for all of the attendees. Bernanke described the similarities between the Panic of 1907, and the Panic of 2008.
The 1907 panic was created by fractional-reserve banking. When the bank runs got underway, and panic set in amongst the public, JP Morgan orchestrated the bailouts and the “liquidity” to “save the system”. Remember this was pre-Fed.
The 2008 panic was also created by the fractional-reserve banking system — along with — the central banking counterfeiter that now exists. The bailouts this time around were provided by “The Hero”:
Before we go any further, a few things have to be understood. First, both in 1907 and 2008 the banking systems were dishonest and fraudulent. The situation in 1907 is actually preferable to today because, back then, gold still provided a check on the bankers. In 2008 (and today) there are no checks. It’s basically unlimited power for the bankers to finance whatever they want (until economic law shuts them down eventually).
Image credit: http://www.economicpolicyjournal.com
A simplified explanation of the US monetary system
A good review and explanation of the monetary system, by way of video, that should be easy to understand and be shared. I first saw this posted by Nick on againstcronycapitalism.org and finally had a chance to watch the video. Why all the “End the Fed” rallies?, this may explain. The video below was published by whygoldandsilver.
The best, simplest, explanation of the US monetary system (debt, currency, money, taxes, what’s really going on) that I’ve ever seen. An important video.
Many people are mystified by the kids at the Ron Paul rallies screaming “End the Fed!”
They ask themselves, “Why should we end the Federal Reserve? The Fed helps maintain economic stability right? Every country has to have a central bank. These “End the Fed” kids are nothing but “Paulbots.” The people on CNBC and Bloomberg tell me that the Fed acts in my best interest. I think the people on Bloomberg and CNBC ought to know what’s right for me and my money. Harry Reid is right. Those hard money people and kids at the Ron Paul speeches are nothing but a bunch of anarchists!”
But the main reason many people feel this way is because they fundamentally don’t understand what the “End the Fed” people are really saying and why they are saying it.
Monetary policy, QE, bond buying, bond issuance, taxes, the Treasury, fractional reserve banking, interest rates, the money supply, all seem maddeningly opaque. Most people just give up. If they try to understand what’s going on at all. And this is understandable. Monetary policy is a challenging subject. But it is not cosmological physics.
If only someone were to explain things in an understandable, straightforward way.
Well you’re in luck.
The below video does an excellent job of explaining the bulk of American monetary policy in simple terms. The graphics and language used are clear and easily understood. Jargon is kept to a minimum.
Invest 1/2 hour in the video. You will see how and why the Federal Reserve is at the very heart of our current crony capitalist economy. It will be well worth your time.
Posted by Chris Rossini
Bread & Circuses 2013
Harry Schultz once said, that with sound money (my emphasis):
People were more honest, moral, decent, kind, because the system was honest and moral. Today we have cause and effect of the opposite standard: no limits on what governments can do, control, dictate; no limit on government debt, welfare or socialist schemes. There is no governor on the government. This habit rubbed off on the public, causing them to go into debt, lose respect for the system and morality. The effect brings more divorce, fraud, crime, illegitimate births, broken homes. When the money of any country loses its base/backing there is no standard for any behavior. Money sets a standard that spreads into every area of human activity.
As the empire contemplates yet another war, and its central bank on the brink of creating yet another economic depression, the bread & circuses match the story perfectly:
No worries though…the regime’s Keynesian masterminds are all huddling up to debate whether or not the “inflation target” should be higher.
Judging by the depths that bad ideas have taken us to, sound money’s return will be quite a spectacle to see.
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Image credit: http://www.economicpolicyjournal.com
Glenn Jacobs (Kane) speaking tour in TN
(if you would like Glenn Jacobs to speak to your group, please e-mail us and let us know!
Mon Aug 26 – 7p – Rutherford Campaign for Liberty - Lanes, Trains, and Automobiles – 450 Butler Drive, Murfreesboro
Sat Aug 31 – 6p – Clarksville Liberty Fest – 430 Warfield Blvd, Clarksville
Tue Sep 3 – 5:30p – Smoky Mountain Tea Party – Blount County Public Library
Friday Sep 13 – 7p – Tri Cities Meeting – Logan’s Roadhouse in Johnson City
Thur Sep 5 – - 6:30p – Sumner United for Responsible Government – Hendersonville VFW – 73 New Shackle Island Rd
Thur Sep 12th – Morristown – TBD
Sep 19-21 – LPAC (with Ron and Rand Paul, Ted Cruz, and others) - Liberty Political Action Conference, Chantilly VA
(H/T) to my friend Matt Collins for sharing this information.
Good job & thanks to:
Hope to see you there!
Ron Paul Would Like to See Glenn Jacobs (aka Wrestler “Kane”) Enter the GOP Senate Race in Tennessee
A Political Problem-Not an Economic Problem-Catherine Austin Fitts
By Greg Hunter, USAWatchdog:
Investment banker Catherine Austin Fitts sums up the historic global financial problems by saying, “We have a group of people who have the power to act with impunity.
They are above the law. They are centralizing and consolidating economic and political power. We have a political problem. We don’t have an economic problem.” Fitts’ analysis shows, “We’ve been on a debt model, and now we’ve got to get the planet on an equity model. . . .You are going to do everything you can do to get people into equities. Slamming precious metals down helps do that.” But Fitts says that won’t stop the gold bull because China and the rest of the world are buying the yellow metal. Fitts contends, “What that means is there is going to be a much more broad-based bull market in gold. . . I think it’s going to more of a sound money system, and gold is going to be a part of that.” Not everybody wants to be brought into the so-called new world order. Fitts predicts, “Remember, to come out with a one world currency, you need everybody. There can be no leakage. There can be no exceptions. The Russians are determined to be the stinker at the party is what I think.” Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts, founder of The Solari Report.
Ron Paul’s stance on sound money and the gold standard is resonating more and more among Americans. In a recent interview with Fox Business, State Rep. Jerry O’Neil, (R-Mont.), explains why he wants the state legislature to pay him in gold coins.
By Alex Newman
As concerns over the U.S. dollar and the Federal Reserve continue to grow, U.S. lawmakers explored sound money, competing currencies, and the route to monetary freedom during an August 2 congressional hearing chaired by Rep. Ron Paul (R-Texas). It was the final House Domestic Monetary Policy Subcommittee hearing led by the long-time champion of honest currency and reining in the controversial Fed, but analysts say the impact of Rep. Paul’s work is only just starting to be felt.
Entitled “Sound Money: Parallel Currencies and the Roadmap to Monetary Freedom,” the hearing featured powerful testimony from several expert witnesses. But Rep. Paul, almost single-handedly responsible for sparking the ongoing nationwide debate about monetary policy, offered his own thoughts on the issue as well, slamming central planning and calling for honest money as a precursor to free markets and true liberty.
“One of the most pressing issues of our time is the push for monetary freedom,” Rep. Paul said in his opening statement, citing Austrian economist Ludwig von Mises — widely considered one of the most important advocates of free markets in history. “The only sound monetary system is one which protects sound money and allows consumers, businesses, and investors the freedom to transact in the currency of their choice.”
Ron Paul vs. Bernanke at Financial Services Hearing – February 29, 2012
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