Liberty Forged

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

Posts Tagged ‘environment’

Why costs are being driven upward. What can be done.

Posted by Jesse on March 15, 2008

What the Price of Gold is Telling Us
The financial press, and even the network news shows, have begun reporting the price of gold regularly. For twenty years, between 1980 and 2000, the price of gold was rarely mentioned. There was little interest, and the price was either falling or remaining steady.
A Foreign Policy of FreedomA ManifestoThe Pillars of Prosperity
……….The rise in gold prices from $250 per ounce in 2001 to over $1000 today has drawn investors and speculators into the precious metals market. Though many already have made handsome profits, buying gold per se should not be touted as a good investment. After all, gold earns no interest and its quality never changes. It’s static, and does not grow as sound investments should.

……….Buying gold and holding it is somewhat analogous to converting one’s savings into one hundred dollar bills and hiding them under the mattress – yet not exactly the same. Both gold and dollars are considered money, and holding money does not qualify as an investment. There’s a big difference between the two however, since by holding paper money one loses purchasing power. The purchasing power of commodity money, i.e. gold, however, goes up if the government devalues the circulating fiat currency.

Holding gold is protection or insurance against government’s proclivity to debase its currency. The purchasing power of gold goes up not because it’s a so-called good investment; it goes up in value only because the paper currency goes down in value. In our current situation, that means the dollar.

………..One of the characteristics of commodity money – one that originated naturally in the marketplace – is that it must serve as a store of value. Gold and silver meet that test – paper does not. Because of this profound difference, the incentive and wisdom of holding emergency funds in the form of gold becomes attractive when the official currency is being devalued. It’s more attractive than trying to save wealth in the form of a fiat currency, even when earning some nominal interest. The lack of earned interest on gold is not a problem once people realize the purchasing power of their currency is declining faster than the interest rates they might earn. The purchasing power of gold can rise even faster than increases in the cost of living.

The point is that most who buy gold do so to protect against a depreciating currency rather than as an investment in the classical sense. Americans understand this less than citizens of other countries; some nations have suffered from severe monetary inflation that literally led to the destruction of their national currency. Though our inflation – i.e., the depreciation of the U.S. dollar – has been insidious, average Americans are unaware of how this occurs. For instance, few Americans know nor seem concerned that the 1913 pre-Federal Reserve dollar is now worth only four cents. Officially, our central bankers and our politicians express no fear that the course on which we are set is fraught with great danger to our economy and our political system. The belief that money created out of thin air can work economic miracles, if only properly “managed,” is pervasive in D.C.

In many ways we shouldn’t be surprised about this trust in such an unsound system. For at least four generations our government-run universities have systematically preached a monetary doctrine justifying the so-called wisdom of paper money over the “foolishness” of sound money. Not only that, paper money has worked surprisingly well in the past 35 years – the years the world has accepted pure paper money as currency. Alan Greenspan bragged that central bankers in these several decades have gained the knowledge necessary to make paper money respond as if it were gold. This removes the problem of obtaining gold to back currency, and hence frees politicians from the rigid discipline a gold standard imposes.

………..Today no one in Washington believes for a minute that runaway deficits are going to be curtailed. In March alone, the federal government created an historic $85 billion deficit. The current supplemental bill going through Congress has grown from $92 billion to over $106 billion, and everyone knows it will not draw President Bush’s first veto. Most knowledgeable people therefore assume that inflation of the money supply is not only going to continue, but accelerate. This anticipation, plus the fact that many new dollars have been created over the past 15 years that have not yet been fully discounted, guarantees the further depreciation of the dollar in terms of gold.

There’s no single measurement that reveals what the Fed has done in the recent past or tells us exactly what it’s about to do in the future. Forget about the lip service given to transparency by new Fed Chairman Bernanke. Not only is this administration one of the most secretive across the board in our history, the current Fed firmly supports denying the most important measurement of current monetary policy to Congress, the financial community, and the American public. Because of a lack of interest and poor understanding of monetary policy, Congress has expressed essentially no concern about the significant change in reporting statistics on the money supply.

Beginning in March, though planned before Bernanke arrived at the Fed, the central bank discontinued compiling and reporting the monetary aggregate known as M3. M3 is the best description of how quickly the Fed is creating new money and credit. Common sense tells us that a government central bank creating new money out of thin air depreciates the value of each dollar in circulation. Yet this report is no longer available to us and Congress makes no demands to receive it.

……….A soaring gold price is a vote of “no confidence” in the central bank and the dollar. This certainly was the case in 1979 and 1980. Today, gold prices reflect a growing restlessness with the increasing money supply, our budgetary and trade deficits, our unfunded liabilities, and the inability of Congress and the administration to rein in runaway spending.

Denying us statistical information, manipulating interest rates, and artificially trying to keep gold prices in check won’t help in the long run. If the markets are fooled short term, it only means the adjustments will be much more dramatic later on. And in the meantime, other market imbalances develop.

………..Though everyone decries inflation, trade imbalances, economic downturns, and federal deficits, few attempt a closer study of our monetary system and how these events are interrelated. Even if it were recognized that a gold standard without monetary inflation would be advantageous, few in Washington would accept the political disadvantages of living with the discipline of gold – since it serves as a check on government size and power. This is a sad commentary on the politics of today. The best analogy to our affinity for government spending, borrowing, and inflating is that of a drug addict who knows if he doesn’t quit he’ll die; yet he can’t quit because of the heavy price required to overcome the dependency. The right choice is very difficult, but remaining addicted to drugs guarantees the death of the patient, while our addiction to deficit spending, debt, and inflation guarantees the collapse of our economy.

………..Special interest groups, who vigorously compete for federal dollars, want to perpetuate the system rather than admit to a dangerous addiction. Those who champion welfare for the poor, entitlements for the middle class, or war contracts for the military industrial corporations, all agree on the so-called benefits bestowed by the Fed’s power to counterfeit fiat money. Bankers, who benefit from our fractional reserve system, likewise never criticize the Fed, especially since it’s the lender of last resort that bails out financial institutions when crises arise. And it’s true, special interests and bankers do benefit from the Fed, and may well get bailed out – just as we saw with the Long-Term Capital Management fund crisis a few years ago. In the past, companies like Lockheed and Chrysler benefited as well. But what the Fed cannot do is guarantee the market will maintain trust in the worthiness of the dollar. Current policy guarantees that the integrity of the dollar will be undermined. Exactly when this will occur, and the extent of the resulting damage to the financial system, cannot be known for sure – but it is coming. There are plenty of indications already on the horizon.

Foreign policy plays a significant role in the economy and the value of the dollar. A foreign policy of militarism and empire building cannot be supported through direct taxation. The American people would never tolerate the taxes required to pay immediately for overseas wars, under the discipline of a gold standard. Borrowing and creating new money is much more politically palatable. It hides and delays the real costs of war, and the people are lulled into complacency – especially since the wars we fight are couched in terms of patriotism, spreading the ideas of freedom, and stamping out terrorism. Unnecessary wars and fiat currencies go hand-in-hand, while a gold standard encourages a sensible foreign policy.

……….Foreign policy contributes to the crisis when the spending to maintain our worldwide military commitments becomes prohibitive, and inflationary pressures accelerate. But the real crisis hits when the world realizes the king has no clothes, in that the dollar has no backing, and we face a military setback even greater than we already are experiencing in Iraq. Our token friends may quickly transform into vocal enemies once the attack on the dollar begins.

False trust placed in the dollar once was helpful to us, but panic and rejection of the dollar will develop into a real financial crisis. Then we will have no other option but to tighten our belts, go back to work, stop borrowing, start saving, and rebuild our industrial base, while adjusting to a lower standard of living for most Americans.

Counterfeiting the nation’s money is a serious offense. The founders were especially adamant about avoiding the chaos, inflation, and destruction associated with the Continental dollar. That’s why the Constitution is clear that only gold and silver should be legal tender in the United States. In 1792 the Coinage Act authorized the death penalty for any private citizen who counterfeited the currency. Too bad they weren’t explicit that counterfeiting by government officials is just as detrimental to the economy and the value of the dollar.

In wartime, many nations actually operated counterfeiting programs to undermine our dollar, but never to a disastrous level. The enemy knew how harmful excessive creation of new money could be to the dollar and our economy. But it seems we never learned the dangers of creating new money out of thin air. We don’t need an Arab nation or the Chinese to undermine our system with a counterfeiting operation. We do it ourselves, with all the disadvantages that would occur if others did it to us. Today we hear threats from some Arab, Muslim, and far Eastern countries about undermining the dollar system- not by dishonest counterfeiting, but by initiating an alternative monetary system based on gold. Wouldn’t that be ironic? Such an event theoretically could do great harm to us. This day may well come, not so much as a direct political attack on the dollar system but out of necessity to restore confidence in money once again.

……….The economic harm done by a fiat monetary system is pervasive, dangerous, and unfair. Though runaway inflation is injurious to almost everyone, it is more insidious for certain groups. Once inflation is recognized as a tax, it becomes clear the tax is regressive: penalizing the poor and middle class more than the rich and politically privileged. Price inflation, a consequence of inflating the money supply by the central bank, hits poor and marginal workers first and foremost. It especially penalizes savers, retirees, those on fixed incomes, and anyone who trusts government promises. Small businesses and individual enterprises suffer more than the financial elite, who borrow large sums before the money loses value. Those who are on the receiving end of government contracts – especially in the military industrial complex during wartime – receive undeserved benefits.

It’s a mistake to blame high gasoline and oil prices on price gouging. If we impose new taxes or fix prices, while ignoring monetary inflation, corporate subsidies, and excessive regulations, shortages will result. The market is the only way to determine the best price for any commodity. The law of supply and demand cannot be repealed. The real problems arise when government planners give subsidies to energy companies and favor one form of energy over another.

Energy prices are rising for many reasons: Inflation; increased demand from China and India; decreased supply resulting from our invasion of Iraq; anticipated disruption of supply as we push regime change in Iran; regulatory restrictions on gasoline production; government interference in the free market development of alternative fuels; and subsidies to big oil such as free leases and grants for research and development.

Interestingly, the cost of oil and gas is actually much higher than we pay at the retail level. Much of the DOD budget is spent protecting “our” oil supplies, and if such spending is factored in, gasoline probably costs us more than $5 a gallon. The sad irony is that this military effort to secure cheap oil supplies inevitably backfires, and actually curtails supplies and boosts prices at the pump. The waste and fraud in issuing contracts to large corporations for work in Iraq only add to price increases.

………When the free market is allowed to work, it’s the consumer who ultimately determines price and quality, with labor and business accommodating consumer choices. Once this process is distorted by government, prices rise excessively, labor costs and profits are negatively affected, and problems emerge. Instead of fixing the problem, politicians and demagogues respond by demanding windfall profits taxes and price controls, while never questioning how previous government interference caused the whole mess in the first place. Never let it be said that higher oil prices and profits cause inflation; inflation of the money supply causes higher prices!

……….Since keeping interest rates below market levels is synonymous with new money creation by the Fed, the resulting business cycle, higher cost of living, and job losses all can be laid at the doorstep of the Fed. This burden hits the poor the most, making Fed taxation by inflation the worst of all regressive taxes. Statistics about revenues generated by the income tax are grossly misleading; in reality much harm is done by our welfare/warfare system supposedly designed to help the poor and tax the rich. Only sound money can rectify the blatant injustice of this destructive system.

The Founders understood this great danger, and voted overwhelmingly to reject “emitting bills of credit,” the term they used for paper or fiat money. It’s too bad the knowledge and advice of our founders, and their mandate in the Constitution, are ignored today at our great peril. The current surge in gold prices – which reflects our dollar’s devaluation – is warning us to pay closer attention to our fiscal, monetary, entitlement, and foreign policy.

Meaning of the Gold Price – Summation

A recent headline in the financial press announced that gold prices surged over concern that confrontation with Iran will further push oil prices higher. This may well reflect the current situation, but higher gold prices mainly reflect monetary expansion by the Federal Reserve. Dwelling on current events and their effect on gold prices reflects concern for symptoms rather than an understanding of the actual cause of these price increases. Without an enormous increase in the money supply over the past 35 years and a worldwide paper monetary system, this increase in the price of gold would not have occurred.

………...Since 2001 the dollar has been devalued by 60%.
In 1934 FDR devalued the dollar by 41%.
In 1971 Nixon devalued the dollar by 7.9%.
In 1973 Nixon devalued the dollar by 10%.

These were momentous monetary events, and every knowledgeable person worldwide paid close attention. Major changes were endured in 1979 and 1980 to save the dollar from disintegration. This involved a severe recession, interest rates over 21%, and general price inflation of 15%.

Today we face a 60% devaluation and counting, yet no one seems to care. It’s of greater significance than the three events mentioned above. And yet the one measurement that best reflects the degree of inflation, the Fed and our government deny us. Since March, M3 reporting has been discontinued. For starters, I’d like to see Congress demand that this report be resumed. I fully believe the American people and Congress are entitled to this information. Will we one day complain about false intelligence, as we have with the Iraq war? Will we complain about not having enough information to address monetary policy after it’s too late?

If ever there was a time to get a handle on what sound money is and what it means, that time is today.

Inflation, as exposed by high gold prices, transfers wealth from the middle class to the rich, as real wages decline while the salaries of CEOs, movie stars, and athletes skyrocket – along with the profits of the military industrial complex, the oil industry, and other special interests.

A sharply rising gold price is a vote of “no confidence” in Congress’ ability to control the budget, the Fed’s ability to control the money supply, and the administration’s ability to bring stability to the Middle East.

Ultimately, the gold price is a measurement of trust in the currency and the politicians who run the country. It’s been that way for a long time, and is not about to change.

If we care about the financial system, the tax system, and the monumental debt we’re accumulating, we must start talking about the benefits and discipline that come only with a commodity standard of money – money the government and central banks absolutely cannot create out of thin air.

Economic law dictates reform at some point. But should we wait until the dollar is 1/1,000 of an ounce of gold or 1/2,000 of an ounce of gold? The longer we wait, the more people suffer and the more difficult reforms become. Runaway inflation inevitably leads to political chaos, something numerous countries have suffered throughout the 20th century. The worst example of course was the German inflation of the 1920s that led to the rise of Hitler. Even the communist takeover of China was associated with runaway inflation brought on by Chinese Nationalists. The time for action is now, and it is up to the American people and the U.S. Congress to demand it.

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The Income tax: The Root of all evil

Posted by Jesse on March 1, 2008

Argument

Tradition has a way of hanging on even after it is, for all practical purposes, dead. We in this country still use individualistic terms-as, for instance, the rights of man-when, as a matter of fact, we think and behave in the framework of collectivistic doctrine. We support and advocate such practices as farm-support prices, social security, government housing, socialized medicine, conscription, and all sorts of ideas that stem from the thesis that man has no rights except those given him by government.

Despite this growing tendency to look to political power as the source of material betterment and as the guide to our personal destinies, we still talk of limited government, states rights, checks and balances, and of the personal virtues of thrift, industry, and initiative. Thanks to our literature, the tradition hangs on even though it has lost force.

But there are many Americans to whom the new trend is distasteful, partly because they are traditionalists, partly because they find it personally unpleasant, partly because reason tells that it must lead to the complete subjugation of the individual, as in Nazi Germany or Communist Russia, and they don’t like the prospect. It is for these Americans that this book was written. For their opposition to the trend takes the shape of reform, while nothing will turn it but revolution. And by “revolution” I mean the return to the people of that sovereignty which our tradition assumes them to have. I mean the return to them of the power which government confiscated by way of the Sixteenth Amendment.

When you examine any species of government intervention you find that it is made possible by revenues. A government is as strong as its income. Contrariwise, the independence of the people is in direct proportion to the amount of their wealth they can enjoy. We cannot restore traditional American freedom unless we limit the government’s power to tax. No tinkering with this, that, or the other law will stop the trend toward socialism. We must repeal the Sixteenth Amendment.

Washington, D.C. F. C.

February 1954

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Good conspiracy, bad theory, and the DC complex.

Posted by Jesse on February 24, 2008

The Conspiracy Theory of History Revisited
by Murray N. Rothbard
This article originally appeared in Reason, April 1977, pp. 39–40.
An excerpt.
“There are, of course, good conspiracy analysts and bad conspiracy analysts, just as there are good and bad historians or practitioners of any discipline. The bad conspiracy analyst tends to make two kinds of mistakes, which indeed leave him open to the Establishment charge of “paranoia.” First, he stops with the cui bono; if measure A benefits X and Y, he simply concludes that therefore X and Y were responsible. He fails to realize that this is just a hypothesis, and must be verified by finding out whether or not X and Y really did so. (Perhaps the wackiest example of this was the British journalist Douglas Reed who, seeing that the result of Hitler’s policies was the destruction of Germany, concluded, without further evidence, that therefore Hitler was a conscious agent of external forces who deliberately set out to ruin Germany.) Secondly, the bad conspiracy analyst seems to have a compulsion to wrap up all the conspiracies, all the bad guy power blocs, into one giant conspiracy. Instead of seeing that there are several power blocs trying to gain control of government, sometimes in conflict and sometimes in alliance, he has to assume – again without evidence – that a small group of men controls them all, and only seems to send them into conflict.”

The State of Conspiracy
by Andrew Ward [February 23, 2008]

So I’ve been living and working in Mordor for about half a year. The experience has been quite illuminating. I realized right off the subsidized-bat that I wasn’t in Kansas anymore when I saw the King’s crime of Taxation Without Representation printed on local license plates. Now that’s supposedly a protest slogan, but it seems more like a slave’s sick, self-deprecating joke. The highways are congested with cars and cameras, but the overpasses aren’t mounted by gun turrets, so the workers don’t complain much. For those who don’t or won’t drive, there’s a neat metro system where the trains run on time some of the time to all kinds of “free” museums espousing the progressive history of government. The parks are there for the people to roam, play frisbee toss, lick ice cream, and read the daily spin under the shadow of various pagan monuments. Meanwhile, the instructed Decider instructs the young armies to invade faraway lands full of sand. There are few worries over war among the diverse populace, for our fair and balanced press has confirmed that the best defense is a blitzkrieg offense. Civilizing these countries through a barrel of a gun with American Democracy is not just for the common good of our infallible nation, but for the world good as well.

I have front row seats to the madness of post-9-11 Washington D.C. The overtly fascist overdrive of the U.S. government has twisted an already backwards nation into a Homeland of Terror. Most of the happy people say the loss of freedom is justified because we obviously “need to be safe from the gang of cavemen.” However, there are those brazen individuals who are more concerned with domestic black helicopters than “the gang of cavemen.” Unanswered questions in the 9-11 Commission Report have led to the creation of quite a few theories revolving around September 11th. But mainstream inputs have already debunked all that Conspiracy Theory rubbish… haven’t they? Hologram planes aside, one or more of the following is true about that tragic day: the government’s past actions provoked the attack; the government was grossly unable (or unwilling?) to protect the country; or it was all just a huge, high-tech deadly magic show put on by very secret, compartmentalized elements of the U.S. (and/or foreign) government. Remember the Maine? Hitler’s Reichstag? The Gulf of Tonkin non-event? Is it really unreasonable for one to suspect the beneficiaries of war and government growth to have had a hand in 9-11? Could a twin tower-sized inside job actually be pulled off? Many folks were outraged with the New York Post’s April 12, 2002 headline: “Bush Knew!” (as if Dubya knows anything). But even the notion that September 11th was an inside job orchestrated solely by the Bush administration ignores the Oligarchy, which has dominated the United States for over a century, regardless of which puppet is in office.

For multiple reasons, I’ve had the opportunity to listen to all kinds of so-called “Conspiracy Theorists” over the phone. Many of them inform me that we’re being listened-in on by They. So goons from NSA or DHS put food on the table by monitoring… me?! I’m flattered! But I’m hearing deep anti-Establishment stuff here, so are They really dumb enough to let this conversation go unmonitored? Anyway, I’m lectured about fluorinated water and the vaccinations with mercury. This troubles me, because I like water and my mom made sure I received every vaccination. Others say I must watch Zeitgeist and Loose Change, for both these online flicks have all the Answers. I’m also told about the founders being Free Masons and then I see the map of the Executive Mansion resting at the top of a city street pentagram. Well… I always suspected that Satan’s power flows through the White House. And what’s this about the U.S. still being under the Martial Law enacted by President Lincoln? No wonder that neo-Confederate Tom DiLorenzo hates Honest Abe so much! These conversations warp me into a dimension where my birth certificate legally handed me over to the “State” of D.C.’s jurisdiction. The task is now to reclaim my legal sovereignty from the U.S. Corporation and to escape the Uniform Commercial Code, the Elite’s shadow legal system that redundantly enslaves us all through a web of buried technicalities. But even as I reach as high as I can for the pyramid’s peak, it is, much to the delight of the owl-worshipping aristocracy, always out of reach.

Have you heard the conspiratorial view of the first through third national banks, where the good ol’ U.S. of A is little more than a sovereign-in-name-only satellite for the British Empire? In this story, Andrew Jackson is hailed as the greatest American ever. Five months after the expiration of the first U.S. Bank’s charter in 1811, Americans would find the British burning down the White House (hallelujah!). However, a miraculous post-war stand by General Jackson in New Orleans sent those Red Coats reeling. Two years after the war’s end in 1814, the privately owned Second Bank’s charter is authorized by then president James Madison, so in 1832 it’s up to president Jackson to veto the rebirth of the dragon-demon from hell. Perhaps Jackson was aware that Mayer Amschel Rothschild once said, “Permit me to issue and control the money of a nation, and I care not who makes its laws.”? Unfortunately for you and me, “Old Hickory” was not around to stop the banker’s secret 1910 Jekyll Island meeting where legislation to cartelize the banking industry was crafted. These bankers, out of the goodness of their hearts, had their men in Congress push for the “much-needed” Federal Reserve Act, which eventually passed in December of 1913 during the administration of their pet president, Woodrow Wilson.

Let’s now take a friendly visit to the generally subversive Council on Foreign Relations, a globalist policy club for the elites founded in 1919 by president Wilson’s right hand man and soul mate, Colonel Edward Mandel House. For almost a 100 years now, CFR members have included the heads of academia, law, media, insurance and especially finance; and every presidential administration since the 1920s has been dominated by CFR members. According to Alex Jones, the mission of the Council on Foreign Relations is to destroy the United States. While I’m not a fan of fronts for the House of Morgan and Rockefeller, does anyone really believe CFR members like Dan Rather are aware of, say, Cecil Rhodes’ American Round Table group? That aside, only 0.001% of the U.S. population can claim membership to the Council on Foreign Relations. With one exception, every media anointed presidential front-runner in this election is a proud, card-carrying member of the highly exclusive CFR. The Huckster is that exception, but the Establishment needed a relative outsider to don the robes of conservative savior. They’d take anybody but that kooky, crackpot Ron Paul. You should all know the media’s song:

Long shot, 9-11 Truther, Ron Paul. Crackpot, Libertarian, Ron Paul. Long shot, Neo-Nazi, Ron Paul!

*End Transmission*

It has long been the dream of powerful men to possess Earth. Throughout history rulers of many a great empire have tried to conquer what they figured was the whole thing. These mad dogs were not raised to be content with the power that they merely inherited. No, the father to son line is always, “There are always more sheep to shepherd.” And thanks to technology, this ant world of ours is becoming a much more manageable ant farm. The State, their corporate beneficiaries and financial masters have managed to sell mercantilism and paper money to the whole world with the goal of obtaining total control. These powers use the United States as the military engine for their New World Order; and a militaristic Empire that the world despises is easily disposable down the road, along with all those silly notions of sovereignty. One hears this and replies “Oh, so you believe in the Illuminati!” Not knowing much about Adam Weishaupt, I explain the long history of the international banking cartel, the socialist tax-exempt foundations and all about the State-media, but their programming responds snidely with “Conspiracy Theorist.”

So while I may never acquire the all-seeing Eye’s view of the Puzzle, I think it’s pretty clear that Conspiracy is a dirty word for a reason: the Establishment engages in conspiratorial acts on a daily basis. It would be foolish for They not to publish loads of worthless historical facts, promote stereotypes along with skin-deep diversity, teach dismal sciences, and report misinformation in order to divide, distract, and mislead the serfs. Think of the armies of dumbed-down children ushered into their local brainwashing center for at least eight mind-numbing hours. Fortunately for Liberty, most don’t finish their homework on so-called market failure. But for “adults” there’s that old, Banker-financed Marxist child’s fable of the Proletariat vs. Bourgeoisie which has crowded out the more accurate, generalized depiction of our situation: the ruling class vs. We, the People. It should be of no surprise that libertarians are widely seen by their fellow peons as poor-hating, ego-worshipping children who just want more of Society’s money.

Maybe this is just the chemtrails talking, but “Conspiracy Theorists” are not crazy for wanting to expose the men behind the curtain. The real crazies are the statists blinded by the curtain of red, white, and blue.

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Can anyone say powergrab?

Posted by Jesse on January 15, 2008

Al Gore’s Wacky Facts
Writes Robert Bryce:
“Facts don’t matter. Only spin matters.

That’s the main conclusion to be drawn from the fact that Al Gore was awarded the Nobel Peace Prize last week.

My complaint has nothing to do with the science of global warming or whether or not the current warming of the planet is due solely to manmade causes. Rather, it’s this: Gore won the prize even though his documentary, An Inconvenient Truth, concludes with one of the most blatantly absurd statements ever committed to film.

Just before the final credits, in a segment that advises viewers as to what they might do to help slow global warming, the following line appears onscreen: “In fact, you can even reduce your carbon emissions to zero.”ù”

For the entire article on counterpunch, click here.

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