July 2011
320 posts
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How to Make the Dollar Sound Again →
Let the economists gasp: The classical gold standard, the one that was in place from 1880 to 1914, is what the world needs now. In its utility, economy and elegance, there has never been a monetary system like it.
It was simplicity itself. National currencies were backed by gold. If you didn’t like the currency you could exchange it for shiny coins (money was “sound” if it rang when dropped...
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Why did the Federal Reserve Devalue the U.S.... →
The price increases (inflation) that you have seen as you have grown up are largely the result of the Federal Reserve mismanaging America’s currency. One of the Federal Reserve’s primary tasks is to minimize the level of inflation, but the inflation rate has increased dramatically since the Federal Reserve has taken over the money supply.
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The Record of the Federal Reserve →
The value of the dollar remained extremely stable for 150 years prior to 1913. Then the Federal Reserve was created in order to “stabilize the value of the dollar” and the result has been a 95% devaluation of the dollar in less than 100 years following its creation.
At its very inception The Fed was an unholy alliance between the Federal government and the banking community with the...
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The Economic Rape of America →
A short history of the destruction of the U.S. dollar.
Keep in mind always that the worth of the U.S. dollar is not what the government says it is but what it will purchase in real-world goods and services. Look to gold for an honest declaration of what the dollar is worth. Gold increases in value to the degree that fiat (paper) currencies decrease in value. The...
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You must understand this . . .
What Bernanke and the Federal Reserve, the banking arm of the Federal government, have done to debase the currency, metaphorically speaking, is the same as lining up all seniors, retirees, persons on fixed incomes and savers against a wall and machine-gunning them in the back. They have in effect stolen from all these persons the savings of a lifetime of hard work by corrupting the dollar and...
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Obama 41%, Ron Paul 37%
Friday, July 22, 2011
Congressman Ron Paul may be a long shot to win the Republican presidential nomination, but he runs competitively with President Obama right now.
The latest Rasmussen Reports national telephone survey of Likely Voters shows Paul picking up 37% of the vote, while the president earns 41%. The Texas congressman joins Mitt Romney, Michelle Bachmann, and Rick Perry as...
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Setting the Record Straight
WASHINGTON, July 21, 2011—With the presidential race heating up, there have been many questions raised about Texas Congressman, Ron Paul, with many of these questions emerging from rumors or false information. Democrats are not alone in questioning who Ron Paul is, as Republicans and Independents are known to wonder as well.
Is he really anti-Israel?
Is it true that he’s pro-choice?
...
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Perils of Rip Van Winkle
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Unto Another Generation
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We all need help now and then . . .
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If you want a friend . . .
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Retreat into Apathy
A society of children cannot survive . . .
Big government depends, in large part, on going around the country stirring up apathy — creating the sense that problems are so big, so complex, so intractable that even attempting to think about them for yourself gives you such a splitting headache it’s easier to shrug and accept as given the proposition that only government can deal with them.
....
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And for dessert . . .
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Thanks, suckers!
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Road to Recovery?
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Betting on a U.S. Default
. . . the total of outstanding credit default swaps on U.S. Treasuries crested $4.8 billion this week. Uncle Sam has now surpassed Greece in this category.
Measured in year-over-year change, America’s No. 1: Net notional CDS outstanding grew 109%. That means there’s double the bets out there on a U.S. default compared with a year ago.
“You may not know this, but the U.S. has actually...
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Money has never been offered so cheaply in...
It can’t be very valuable anymore. What a topsy-turvy world it has become. In Europe, the thrifty are now almost paying the spendthrifts to accept their money in order to avoid default. Once more the proverbial can gets kicked down the road.
Once upon a time money was regarded as something of value. The interest charged on debts was directly related to the likelihood of default. The...
