Posts tagged Ron Paul for President
Posts tagged Ron Paul for President
Should the Federal Reserve be abolished as Rep. Ron Paul and others have demanded? The Republican presidential candidates have agreed that they would like to replace Ben S. Bernanke as chairman of the Fed, and many have been equally critical of former Fed Chairman Alan Greenspan. The view that both Mr. Bernanke and Mr. Greenspan have done poor jobs is also shared by many economists and financial writers. But, if not Mr. Bernanke, who? And if not the Fed, what?
The Federal Reserve Scam or How Our Currency System Doesn’t Work but Mortgages Our Future
Uploaded by CaseyResearchFAN on Oct 24, 2011
http://bit.ly/whenmoneydies Michael Maloney, CEO and Founder of goldsilver.com speaks at the Casey Research/Sprott Summit When Money Dies.
In this video excerpt from the Casey Summit When Money Dies, Rich Dad advisor Mike Maloney explains how currency is created, “fractional reserve banking,” and why our banking system is a pyramid scam of epic proportions.
The sold-out When Money Dies summit was a huge success, with attendees and participants alike receiving much to think about. If you missed it, you can still “be there,” via a full set of audio recordings. These are available now, in CD or MP3 format for your convenience. http://bit.ly/whenmoneydies
Unfortunately, the report shows the United States falling in its economic freedom ranking to #10 worldwide —far from its peak at #3 in 2001.
The full report is available for download on the Fraser Institute’s website here.
How the profit system works in a free market economy: Part 2 of 2
Uploaded by LearnLiberty on Aug 15, 2011
What is the social function of profits and losses? As Prof. Daniel J. Smith of Troy University describes, they provide an incentive for people to follow the information provided by the price system. By pursing profits and avoiding losses, producers and consumers use scarce resources in effective ways. In anticipation of being rewarded with profit, people and businesses are encouraged to undertake activity that will create valuable outputs. At the same time, the potential for losses encourages them to avoid excessive risks and wasteful activity. Policies that reduce profits, such as taxation, or reduce losses, such as bailouts, disrupt this function of prices and lead to inefficient uses of resources.
How the price system works in a free market economy: Part 1 of 2
Uploaded by LearnLiberty on Jun 22, 2011
Why are prices important? Prof. Daniel J. Smith of Troy University describes the role that prices play in generating, gathering, and transmitting information throughout the economy. Information about the supply and demand of different goods are dispersed among different buyers and sellers in an economy. Nobody has to know all this dispersed information; individuals only need to know the relative prices. Based on the simple information contained in a price, people adjust their behavior to account for conditions in supply and demand, even if they are unaware of that information.
Economic freedom in America in freefall: A short video about how big government is destroying our quality of life.
If you want to know the true result of big government’s insatiable appetite for spending and the effects on our personal finances and lives please read this entire article. Warning: if you’re not already doing so, be sure to sit down first. This is a shocker!
By Daniel R. Amerman, CFA Posted Thursday, 20 October 2011
There is a common but mistaken belief that the children and grandchildren of older Americans will be the ones who will be paying for today’s massive government deficits. In this article we will look at six different layers of the deficit and unfunded government promises and put them into personal, per household terms in order to get to the truth of the matter. This truth is that the deficits are far too large to be repaid by taxpayers decades from now, but will be instead effectively repaid through the destruction of retiree savings and retirement investment portfolios in the coming years.
The value of your checking account, the value of your IRA or Keogh, and the value of all your investments are - and will be - the true source of payment for deficits. The end result could be a 95% reduction in value for all of our savings, retirement and otherwise, as we will illustrate step by step herein.
TIP OF THE ICEBERG