Financial Crisis solved: Start Liquidating Federal Gov’t assets

It’s called leading by example

A Forgotten Day and A Forgotten Country Harry Brown

In 1886 the federal debt was $1.40 per person (adjusted for inflation to dollars of 2002 value). In 2002 the federal debt was $21,564 per person.

Free to Plan A Secure Retirement Harry Browne

The federal government owns trillions of dollars worth of assets it doesn’t need and shouldn’t have. These include power companies, pipelines, idle military bases, business enterprises, over 400,000 buildings, oil and mineral rights, commodity reserves, and much more — including 29% of all the land in the United States.

When the federal government is reduced to just its Constitutional functions, there will be no reason for it to continue hoarding those assets. They can be sold to the public, putting them in the hands of people who will use them more responsibly and more productively. And the sales will generate the money to clean up the financial mess the politicians have made.

Repudiating the National Debt Murray Rothbard

It is ridiculous for a citizen to be taxed by one arm of the federal government (the IRS), to pay interest and principal on debt owned by another agency of the federal government. It would save the taxpayer a great deal of money, and spare savings from further waste, to simply cancel that debt outright. The alleged debt is simply an accounting fiction that provides a mask over reality and furnishes a convenient means for mulcting the taxpayer.

Social Security, perhaps the most revered institution in the American polity, is also the greatest single racket. It’s simply a giant Ponzi scheme controlled by the federal government. But this reality is masked by the Social Security Administration’s purchase of government bonds, the Treasury then spending these funds on whatever it wishes. But the fact that the SSA has government bonds in its portfolio, and collects interest and payment from the American taxpayer, allows it to masquerade as a legitimate insurance business.

…This combination of repudiation and privatization would go a long way to reducing the tax burden, establishing fiscal soundness, and desocializing the United States.

In order to go this route, however, we first have to rid ourselves of the fallacious mindset that conflates public and private, and that treats government debt as if it were a productive contract between two legitimate property owners.

What is America Harry Browne

If you devote yourself to fighting against the latest political proposal, you may be wasting your time.

The growth of government is inevitable because the major issue has already been decided: there is no longer an America of tiny government, voluntary association, and the free market. So the only arguments now are over how the politicians will run our lives — the Republican way or the Democratic way.

Our one hope is to persuade our fellow Americans that a return to the Bill of Rights could bring us much smaller government, much greater personal income, access to more low-cost products and services, and the freedom to live your own life as you think best — not as the President or Congress wants.

Every battle is trivial compared to the fight to restore that unique America.

And don’t forget about the Fed

The Solution Murray Rothbard

To save our economy from destruction and from the eventual holocaust of run away inflation, we the people must take the money-supply function back from the government. Money is far too important to be left in the hands of bankers and of Establishment economists and financiers. To accomplish this goal, money must be returned to the market economy, with all monetary functions performed within the structure of the rights of private property and of the free-market economy.

Abolish the Fed Ron Paul

From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble last year, every economic downturn suffered by the country over the last 80 years 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.

Intervention vs. Truth

Economic Intervention and False Capital, or “Liquidity”

On Military Intervention and Terrorism

the anxiety of influence

i tried to comment of another blog and had trouble yet again. any idea why i keep getting this

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You should use a bookmark or type in the address to do this. This page does not contain any links, to protect you from phishing.

i am signed in!! you stupid website!!

anyway….i tried to respond to a post without success…so i’ll do it here.

the blogger admits:

“I am a competent bank teller so I’m a whiz at counting and doling out cash, but beyond those and similarly simple financial transactions I am typically woefully ignorant.

“Krugman is a self-professed liberal….so his political bent aligns with mine”

ok, fine so far….except…and until…this:

“he’s (Krugman) a brilliant economist”

uh huh….makes sense right? lol.

maybe it might help to check out this article for a more comprehensive explanation

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Ron Paul’s first actions as President.

From the Iowa Independent:
See this page/video
Paraphrasing:
As Commander-in-Chief you can literally change the world by changin our attitude about our use of our military. Back off our Navy and express our willingness to diplomatically resolve these issues.

From Vox Populi:

VD: What are the first five things you’d do if elected President?

RP: There’s some things you’d like to do but you can’t necessarily do all five things in one day. You have to work within the system. On the big things, I’d reduce spending enough to get rid of the income tax and the IRS. I’d change our monetary policy so the Federal Reserve couldn’t create money out of thin air, causing problems like inflation, investment bubbles and the ups and downs of the business cycle. One thing the president definitely can do on his own is that I’d immediately start bringing our troops home from around the world. I’d also stop building up missile sites and antagonizing the Russians. The biggest thing would be to get Congress to balance the budget, and we could do that if we were willing to give up on this foreign policy where we’re spending hundreds of billions of dollars and getting nothing for it.

Of course, there’s a lot more things that we’re doing now that I would stop doing. I would never violate habeus corpus, the violation of which has now been legalized. I’d be very cautious not to violate the liberties of the American people. But you can only do what there is a consensus for doing, action requires the cooperation of Congress and the American people.