Tuesday, December 13, 2011

How the U.S. got from a rich country on a gold standard to the most indebted country with an unbacked currency

About 100 years ago the U.S. brought back the unconstitutional central bank (aka Fed Reserve) then about 1934 removed gold from backing the dollar internally (depositing the confiscated gold into the Exchange Stabilization Fund* under the exclusive control of the Treasurer) and in 1971 externally; all the while increasing taxes, laws & regs on U.S. manufacturers. As the negative balance of trade was increasing because of competition from Japan with electronics and cars causing decreasing U.S. manufacturing, the Fed Reserve played an increasing role in government borrowing. So it's no wonder most all of the manufacturing of U.S. consumer goods is now done in such places as China where very low taxes, wages & few laws & regs are imposed on manufacturers. Without a sufficient manufacturing base to provide the present standard of living without borrowing, with a huge amount of dollars in foreign hands via the ESF, with such a huge government deficit, and with money that is not backed with anything; what is the solution?

* Re the ESF, see

http://www.thedailybell.com/3343/Fearfully-the-US-Treasurys-Secret-100-Year-Old-Fund-and-Its-Dark-History-Has-Been-Exposed and http://www.marketskeptics.com/2011/06/the-esf-and-its-history.html

UPDATE: For a more encompassing version than mine, see http://www.thedailybell.com/​3498/What-Recovery

Tuesday, December 6, 2011

Thrive: What on earth will it take?

‎39:00 audio. The THRIVE Movie: An Exclusive Interview With Foster Gamble (Click on the start icon.) at http://worldwidetippingpoint.com/2011/11/the-thrive-movie-an-exclusive-interview-with-foster-gamble/ . I rented THRIVE today...WOW!!! It's a full length movie, the Blue Ray DVD is $25, regular DVD is $20, rental for 48 hours is $5. As yet it won't play on Internet Explorer so I installed Google Chrome in my PC. (To replay within the 48 hours, click on "rent-it" then "Log In" then "resume-it.") The movie is at www.thrivemovement.com .

Wednesday, November 23, 2011

The Occupy demonstrations

The fact, that the Justice Dept isn't prosecuting the banksters for their glaring crimes, doesn't mean that demonstrating for that particular reason will achieve the necessary basic govermental changes to achieve a Constitutional government. Even with other goals for demonstrating, I doubt that demonstration would achieve the REFORMATION necessary for the present empire/policeman-of-the-world/world's-largest-debtor/world's-largest-per capita-incarcerater to rapidly change to a strictly limited Constitutional government with the 16th and 17th Amendments, the Electoral College, the Federal Reserve System, corporation status and laws not against harming others eliminated.

What to make of 'capitalism'

As an argument over semantics, this discussion is interesting just to see if I can come up with a good enough argument to convince you that the meaning I attribute to the word 'capitalism' is correct. Here it is: Ever since 1839 when the word 'capitalism' was first discussed in print and up to this very day, governments have been intervening in commerce, but, beginning with the so called 'Austrian school' and carried to this continent by Ludwig Von Mises and continued by Rothbard, a praxeological theory developed about how and why a free market works. Thereupon, the word 'capitalism' has taken on a new meaning because 1) a free market is not possible when there is government intervention and 2) the very essence of a free market is the use of capital derived from voluntary exchange.

Monday, November 21, 2011

Petitions to the prez

After checking in to https://wwws.whitehouse.gov/petitions#!/petitions one may look at and sign any or all the present 126 petitions. One petition with 1,690 signatures had a no-nonsense directive for the prez: "Stop lying." Another with 14,210 signatures reads: "We demand a vapid, condescending, meaningless, politically safe response to this petition." A petition must have a threshold of 150 signatures in order to be searchable. It must have 25,000 signatures one month after the petition is created to qualify.