Liberty Forged

the State has no money of its own, so it has no power of its own. ` Nock

Archive for the ‘Gold’ Category

LoL. Santelli is hilarious! But seriously, it’s no joke!

Posted by Jesse on February 20, 2009

found on the Rockwell blog

Right on!

Posted in america, anarcho capitalism, antiwar, business, campaignforliberty, capitalism, central banking, collectivism, congress, culture, economics, economy, Education, federal reserve, free market, Gold, government, international, lew rockwell, Libertarian, life, limited government, Mises, news, obama, Politics, Pro Market, revolution, Rights, socialism, the fed | Tagged: , | 2 Comments »

Americans forced to buy great investments

Posted by Jesse on February 11, 2009

The “free market” fraud exposed.

Listen to the author, Thomas Woods, explain why the free market is not guilty as charged.

Click for an explanation

Click for an explanation

I wrote a book for the layman explaining what really happened to the economy, who the true culprits are, and why the free market is the only approach that hasn’t been tried. It’s called Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse, and it was released yesterday. My publisher has made a free chapter available for download.

Posted in america, anarcho capitalism, barack obama, books, business, campaignforliberty, capitalism, central banking, collectivism, congress, democrat, economics, economy, Education, federal reserve, free market, Gold, government, humor, international, Libertarian, life, limited government, minarchist, Mises, obama, old right, philosophy, republican, revolution, Rights, Ron Paul, Rothbard, senate, socialism, society, the fed | Tagged: , , , , , , , , , | 1 Comment »

Finally! An explanation for the economic crisis!!

Posted by Jesse on February 6, 2009

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Posted in america, anarcho capitalism, barack obama, business, campaignforliberty, capitalism, central banking, collectivism, congress, Constitution, culture, Current Events, democrat, economics, economy, Education, family, federal reserve, free market, Gold, government, history, international, lew rockwell, Libertarian, life, limited government, media, Mises, news, obama, philosophy, Politics, republican, revolution, Rights, Ron Paul, Rothbard, russia, senate, socialism, society, the fed, writing | Tagged: , , , , , , , , , , , , , , , , , , | Leave a Comment »

Keynes wants a World Central Bank – Congress is allowing it to happen

Posted by Jesse on February 5, 2009

For more on the subject of monetary policy and centralization of the economy click on the Rockwell Podcasts links to left.

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Before the US House of Representatives, February 4, 2009, introducing the The Federal Reserve Board Abolition Act, H.R. 833.

Madame Speaker, I rise to introduce legislation to restore financial stability to America’s economy by abolishing the Federal Reserve. Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve’s inflationary policies. This represents a real, if hidden, tax imposed on the American people.

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial “boom” followed by a recession or depression when the Fed-created bubble bursts.

With a stable currency, American exporters will no longer be held hostage to an erratic monetary policy. Stabilizing the currency will also give Americans new incentives to save as they will no longer have to fear inflation eroding their savings. Those members concerned about increasing America’s exports or the low rate of savings should be enthusiastic supporters of this legislation.

Though the Federal Reserve policy harms the average American, it benefits those in a position to take advantage of the cycles in monetary policy. The main beneficiaries are those who receive access to artificially inflated money and/or credit before the inflationary effects of the policy impact the entire economy. Federal Reserve policies also benefit big spending politicians who use the inflated currency created by the Fed to hide the true costs of the welfare-warfare state. It is time for Congress to put the interests of the American people ahead of special interests and their own appetite for big government.

Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy. The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy.

In fact, Congress’ constitutional mandate regarding monetary policy should only permit currency backed by stable commodities such as silver and gold to be used as legal tender. Therefore, abolishing the Federal Reserve and returning to a constitutional system will enable America to return to the type of monetary system envisioned by our nation’s founders: one where the value of money is consistent because it is tied to a commodity such as gold. Such a monetary system is the basis of a true free-market economy.

In conclusion, Mr. Speaker, I urge my colleagues to stand up for working Americans by putting an end to the manipulation of the money supply which erodes Americans’ standard of living, enlarges big government, and enriches well-connected elites, by cosponsoring my legislation to abolish the Federal Reserve.

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The Insolvency of the Fed

Since August 15, 1971 the US dollar has been an irredeemable paper currency. Every irredeemable paper currency in history has failed. Yet, the experiment of the US dollar and the rest of the fiat paper world continues.

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Average of World Central-Bank Interest Rates (FED, BOJ, BOE, ECB, Switzerland)

Posted in *Take Action, america, anarcho capitalism, anarchy, antiwar, barack obama, books, business, campaignforliberty, capitalism, central banking, collectivism, congress, Constitution, culture, economics, economy, Education, election 2008, family, federal reserve, free market, Gold, government, history, international, internet, Libertarian, life, LvMInstitute, Mises, philosophy, Politics, republican, revolution, Rights, Ron Paul, Rothbard, socialism, society, the fed | Tagged: , , , , , , , , , | Leave a Comment »

Libertarians Elected, Austrian Economics Vindicated

Posted by Jesse on February 2, 2009

On knowing Austrian Economics and the Market [MP3]

See Rockwell’s Archives and latest book: lrs[Scribd][PDF]

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Posted in america, anarcho capitalism, anarchy, barack obama, books, business, campaignforliberty, capitalism, central banking, collectivism, congress, Constitution, culture, economics, Education, election 2008, federal reserve, free market, Gold, government, international, lew rockwell, Libertarian, life, limited government, minarchist, news, obama, philosophy, Politics, republican, revolution, Rights, Ron Paul, Rothbard, senate, socialism, society, the fed, writing | Tagged: , , , , , , , , , , , | Leave a Comment »