Posts tagged The Federal Reserve
Dr. Paul Craig Roberts, former Assistant Secretary to The Treasury during Reagan’s Presidency, recently penned article “The Virtual Recovery” analyzes the potential for conflict between China and The US to ask a profound yet largely ignored question: What happens if/when our military posturing against China backfires and they dump a trillion dollars of our debt?
He also nails the virtual nature of our manipulated recovery and the government’s falsification of economic statistics to show we are in a far greater mess than the government leads on.
HOWEVER!! I know we will recover, we will survive, we will flourish; but society and economics may take a much different form than in the past. What does God have in mind for all of this? It’s tough to say, but it would appear there are great idol’s of the heart—among them money, power, and domination—being thrown down mightily today as Mystery Babylon is judged.
People lusting for those things may want to readjust their perceptions of what is good and desirable or face profound trouble and tribulation when these creations of man come crashing down.
If this sounds frightening, FEAR NOT! Be strong and courageous! And probably more importantly, be humble before The Creator of the Universe, repent for worshipping false idols, lusting for Earth’s virtual kingdom and if you feel led to do so, seek The Will of The Lord in your life and pray for wisdom and discernment to find out for yourself if it’s time for His Perfect Son, Jesus Christ—and the deep profound peace that comes along with Him—to come alive for you.
“As surely as I live,’ says the Lord, ‘every knee will bow before me; every tongue will confess to God.” Romans 14:11
This life is short and fleeting, breathe in the knowledge that we can’t control it and IF you feel led to, offer your desires as a willing sacrifice to have God’s Plans come alive in you and for you to see a far greater Kingdom manifest before you with liberty from the Earthly addictions we have willingly subjugated ourselves to in the past.
I don’t pretend to have any answers beyond that.
Among many interesting topics, Ron and Lew Rockwell discuss Romney’s geography gaffe about Syria being Iran’s only route to the sea, the “No way, I’M more pro-war than you” contest between the candidates, and the hypocritical critique of China being a major currency manipulator while we are running The Federal Reserve?! EH??? As the cool kids now say, “SMH.”
This is a good summary from Mises Institute Chairman Lew Rockwell on how The Federal Reserve enables our global war machine, creates the disastrous boom and bust business cycle and devalues or money, driving prices higher.
“If every American taxpayer had to submit an extra five or ten thousand dollars to the IRS this April to pay for the war, I’m quite certain it would end very quickly.
The problem is that government finances war by borrowing and printing money, rather than presenting a bill directly in the form of higher taxes. When the costs are obscured, the question of whether any war is worth is becomes distorted. -Dr. Ron Paul”
“Don’t believe the war propaganda!”
Kudos to Luke Rudowski for another great interview; this time with the superb Tom Woods, who also cites President Andrew Jackson’s defeat of The Bank of The United States as a pivotal point in history that goes largely un-noticed.
Check out Tom Woods’ LibertyClassroom.com to get more.
The majority of people, and certainly popular economists and politicians, constantly urge us to support government economic interventions, bailouts, and Federal Reserve monetary massages to “save us from another Great Depression.”
But what if their valiant brilliance is steadily drowning us in a sea of paper money and debt instead of energizing our economy? What if there are other schools of thought that show us a clear and proven path out of our economic trauma?
Enter Austrian Economics and the counter-intuitive power of freedom.
Freedom: yes, it is an amazing speech from Braveheart, but is it also the root of economic prosperity?
No! Freedom in the hands of greedy capitalist pigs who are willing to pillage and destroy the planet is our greatest enemy! Without the government to protect us we’re all screwed! -Samantha Statist
Well, yes, people can be greedy, and certainly capitalists have done harm to the planet; but you must ask yourself: who gave them that power? Was it the government and their apathy towards property rights? And specifically to finance: was it the government that mandated banks to lend massive quantities of money to people without financial aptitude and ability to repay? Was it the government that lowered interest rates so low that borrowing and spending money was as easy as breathing and as exciting as binge drinking in Atlantic City?
When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans. -Ron Paul
If you have eyes and ears, you are painfully aware of our economic problems. How to solve them requires listening to the people who saw this coming—hint: there’s a dozen or so collected in the superb soon-to-be-released documentary The Bubble.
Check the interview below for an introduction to the driven, talented and wise beyond his years Director, Mr. Jimmy Morrison—and lookout for the film when it drops in the upcoming months.
Ben Bernanke, The Federal Reserve and the true thieves of our liberty and prosperity get absolutely pummeled in an incredible and inspiring speech at Paulfest!!!
“Ron Paul has opened my eyes to who the most powerful man in the world is—it is not The President of The United States, it is the Chairman of The Federal Reserve!!!”
Warmonger and all around creep Lindsey Graham (forgive him Lord) gets a good lashing too.
Have you seen previous posts on the topic?
Many people believe, and cite evidence to support, that in 1871 after The Civil War, The United State of America was financially bankrupt and needed collateral to finance their debt. Having none, they pledged the productive capacity of the American people as the collateral and simultaneously incorporated The United States as THE UNITED STATES OF AMERICA. Why the change in capitalization? Check out any tax form or business record, it’s always in ALL CAPS. CORPORATIONS are always listed in all CAPS.
What’s the importance of this? Why does it matter? What’s the tangible impact in your life?
Just look around you, is there more or less justice in this world? Is our government doing more or less to make our lives difficult? The crimes of The State could fill libraries.
Here’s the key: when (if) the government changed in 1871, their jurisdiction shifted as well and they are no longer legitimate–despite the outward appearance and ability to forcefully lock us up. Therefore the aggression and oppression they are pushing against us is actually against the INCORPORATED entity known as the STRAWMAN and the physical being that you are can theoretically exempt yourself from their jurisdiction and regain a large degree of your Lawful freedom. How do we go about doing so? That’s a long process and I do not advocate doing so, I’m here to discuss this topic and find the Lawful, right thing to do.
This is a lenghty topic and I’m not an expert, but it is fascinating. Check the interview below for a deeper look with the President of The united States for America (capitalization and wording intentional), Tim Turner and host Josh Tolley at joshtolley.com.
The below article and interview from Dr. Mercola with attorney and author of 11 books on health and finance including Web of Debt, Forbidden Medicine, and Nature’s Pharmacy, Ellen Brown details her experiences, research and knowledge relating to the corrupting forces within the medical establishment and their links to the banking industry.
The article and interview are fact-based and fascinating.
Ellen Brown is a civil litigation attorney who has written 11 books on health and the politics of health, including the Web of Debt: The Shocking Truth About Our Money System (which focuses on the money and banking system itself), and Forbidden Medicine, which traces the suppression of natural health treatment back to the corrupting influences of our financial system.
To be brief, “Keynesian” economists believe that human beings are smart enough to manage an infinitely complex society, bailouts should be given to the businesses they view as valuable, and governments should be able to spend unlimited sums of money/debt on whatever the government decides.
“It is no coincidence that the century of total war coincided with the century of central banking.” ― Ron Paul
If you’re unfamiliar with the topic or enjoy seeing Keynesians get debunked in public the below video featuring Spanish “Austrian” economist Pedro Schwartz is pure gold.
Complete video here, in a mix of English and Spanish. Start around 1:00 for a good English section with back and forth dialogue between the speakers.
As a final goodie, check out this video of Senior Fellow at The Ludwig von Mises Institute, Mark Thornton outlining the incredible foresight, value and power of Austrian economics vs. the over-promising, under-delivering, fantasy of Keynesian thought.