marxbites

http://mises.org

57 Comments

    • Copper Prices Slumping; Targets Cut for Barrick Gold and Goldcorp [view article]
      Does anyone see any problems DCA down in HL & GG here please? Oct 06 10:40 AM
    • Haywood Analysts: Compelling Opportunities Left in Junior Golds [view article]
      Would that that would be the good ole USA !!!!!!!!

      I am listening to Frank, Hoyer in the House right now.

      What a criminal government run by banksters and corp elites we have.

      "The general spread of the light of science has already laid open
      to every view the palpable truth that the mass of mankind has not
      been born with saddles on their backs nor a favored few booted
      and spurred, ready to ride them legitimately by the grace of God."

      --Thomas Jefferson to Roger C. Weightman, 1826

      Screw the establishment ONE PARTY system of criminals. The CFR/NWO/Int'l Banking cabal.

      Search and read: A CHRONOLOGICAL HISTORY OF THE NEW WORLD ORDER

      & "Wall Street, Banks and American Foreign Policy" at lewrockwell.com or mises.org

      BOTH those websites are the tonic we indoctrinates of compulsory education need. Rockwell and Mises are resources for history and economics that squash the mealy mouthed apologist court historians that ruling elites commission to keep their criminal control as hidden as possible.


      Oct 03 12:57 PM
    • Need Gold? Check Your Fed Holdings [view article]
      Were there any metals reserves in the WTC's?

      How much, any lost? How much recovered?

      Just asking. I vaguely remeber hearing something about metals.       Sep 25 09:15 PM
    • Need Gold? Check Your Fed Holdings [view article]
      The Fed has already inflated 96% of the dollar's purchasing power away for starters.

      Add in the $2.20 principle and interest each dollar borrowed into existence from thin air has cost total over 75 years.

      Wouldn't all agree the Fed's made enough off the people for doing nothing but rolling the presses?

      I say stiff the Fed the entire national debt and confiscate all the gold they stole for collateral, then coin and distrubute that to all Americans in recompense for three generations of robbery, the opportunity cost of which is that we aren't all the millionaires we would have otherwise been with the accumulation of compounding intergenerational wealth !!!       Sep 25 09:11 PM
    • Week in Review: Drama Galore [view article]
      Bush & Co ???; as criminal as this admin is - it is NOT responsible for what was built by Democrats & done by the FED.

      Clinton, Kerry, Gore, McBama ALL work for the same masters; the CFR/NWO/Fed'l Reserve/Int'l Banking cabal.

      You know, the conspiratorial cabal that those kidders Wilson, lifelong Democrat cum Rep, IKE, & JFK lamented and warned the people against, the shadow govt of the MICC?

      Found this of interest too:

      Gerard Jackson
      BrookesNews.Com
      Monday 22 September 2008

      As the financial crisis unfolds Americans have nothing to fear other than Congress. Ignorant politicians helped create this monetary mess and ignorant politicians will make it worse if they are not stopped. John McCain believes that the fault lies with Wall Street's 'unbridled corruption and greed". Treasury Secretary Hank Paulson took a similar line when he announced: "Raw capitalism is dead". For my money the most amusing condemnation came from the ever-so righteous Thomas Frank1 who pompously wrote:

      No, this is the conservatives' beloved financial system doing what comes naturally. Freed from the intrusive meddling of government, just as generations of supply-siders and entrepreneurial exuberants demanded it be, the American financial establishment has proceeded to cheat and deceive and beggar itself — and us — to the edge of Armageddon. It is as though Wall Street was run by a troupe of historical re-enactors determined to stage all the classic panics of the 19th century. (Get Your Class War On, Wall Street Journal, 17September 2008)

      Apart from once again revealing an utter ignorance of economics, economic history and the history of economic thought — an ignorance that he shares with Republicans — he also exposed — in between whining about nasty Republicans beating up angelic Democrats — his unreasoning hatred of capitalism and a deep seated loathing for defenders of the free market. The last point is important because critics on both sides of the political divide fail dismally to see that the crisis was actually created by a refusal to allow the free market do its work.

      Fanny Mae and Freddy Mac were political creations that were run on the basis of political considerations. Yet the brilliant Mr Paulson seriously claims that their collapse is a condemnation of capitalism.

      Nevertheless, Republicans have inadvertently found themselves in the favourable position of being able to take the moral high ground. After all, it was the Democrats led by Pelosi, Reid, Barney Frank and Dodd who confounded President Bush's attempt to reform these entities way back in 2005. And it was Democratic hacks that ran Fanny Mae and Freddy Mac in the interest of the Democratic Party, funnelling millions of dollars into the party's coffers while siphoning off scores of millions for themselves. It's also true that the drive by Democrats to force these 'companies' into making loans to people who were not credit worthy damaged their viability. This in itself was a recipe for financial grief.

      If incompetence, political corruption and the unadulterated greed of the likes of Franklin Raines, the Clinton-appointed former head of Fannie Mae from 1998 to 2004, were all there is to it, then America would not be facing a financial crisis.

      It ought to be clear that the Fanny Mae and Freddy Mac crisis is part of a larger and far more serious economic crisis, one that few economic commentators foresaw. There is nothing new here; financial crises are as old as banking itself. And every single one of these crises that ripped through economies shared the same characteristic irrespective of time or place. They were all preceded by a credit expansion. That is to say, credit unbacked by real savings. In plain English, monetary expansion.

      One now hears constant chatter about billions of dollars being lost or spent on rescues. In fact, we have moved from billions to trillions. But one vital question is rarely or ever asked: Where did all this money come from? Answer: the Fed. Since1980 this bastion of monetary stability has expanded the money supply2 by some 700 per cent. And it is this wild monetary policy that fuelled the speculative frenzies of the '80s, '90s and the Bush administration.

      Every speculative frenzy that I know off was triggered by a monetary expansion. Although these frenzies obviously require huge amounts of credit to sustain them the economic commentariat still treat them as if they are a form of mania the roots of which are purely psychological. It was not always so. When writing of the "mob mind" that was still running rampant in stock market in 1928-1929 Benjamin M. Anderson summarised a speech made after the crash to New York State Chamber of Commerce

      . . . which discussed, among other things, the phenomenon of the mob mind which had been so manifest in the year and a half that had preceded the crash. The speaker made the generalisation, familiar to social psychologists, that the more intense the craze, the higher the type of intellect that succumbs to it. (Benjamin M. Anderson, Economics and the Public Welfare: A Financial and Economic History of the United States 1914-1946, LibertyPress, 1979, p. 203).

      The key to starting speculative booms is the rate of interest. By forcing the rate down below the market rate (the rate at which the demand for and supply of capital are equalised) the central bank creates excess credit that expands the demand for assets. If the rate is kept low enough there eventuates a situation where

      it becomes impossible to make even the roughest kind of estimate of the probable rise in prices. Insecure sentiment governs the market; as prices continue to soar and profits are easily earned, the movement may rapidly reach fever-point. There is almost no limit to the rise in prices in spite of the fact that credit becomes more and more expensive. But when prices ultimately come to rest, and the prospect of further profits disappears, the credit position is so strained and the rate of interest is so high as immediately to bring about a contrary movement, which proceeding in analogous fashion may rapidly drag down prices even below their normal level3. (Knut Wicksell, Interest & Prices, Sentry Press, New York, N. Y., 1936, p. 98).

      There is virtual agreement among economists (the Austrians are the usually the exception) that the money supply should expand at the same rate as output if a deflation is to be avoided. Firstly, it is plain to see that whatever measure of money supply is used, it would be absurd to deny that it has not risen at a far greater rate than output. Then there is the fact that deflation is not defined by falling prices but a contractionary money supply. As the nineteenth century amply demonstrated, falling prices, economic growth and an expanding job market are perfectly compatible. Even Milton Friedman admitted this when he observed that after the Civil War

      [T]he price level fell to half its initial level in the course of less than fifteen years and, at the same time, economic growth proceeded at a rapid rate. The one phenomenon was the seedbed of controversy about monetary arrangements that was destined to plague the following decades; the other was a vigorous stage in the continued economic expansion that was destined to raise the United states to the first rank among the nations of the world. And their coincidence casts serious doubts on the validity of the now widely held view that secular price deflation and rapid economic growth are incompatible. (Milton Friedman and Anna J. Schwartz, A Monetary History of the United States 1867–1960, Princeton, N.J.: Princeton University Press, 1971).

      Irrespective of what the likes of Frank and Paulson assert the problem is not the market but disequilibrium caused by ill-advised monetary policies that distort the both the capital and price structures. These policies create a myriad of opportunities to exploit unsustainable 'investment' opportunities that will vanish as soon as the central bank applies the monetary brakes, even if it does so slowly. For instance, the recessions of 1980-1982, 1990, 2000, and the 1994 slowdown were all preceded by a reduction in the rate of growth of the money supply.

      However, no matter what evidence one presents in defence of the market, the fanatical likes of Thomas Frank will always blame the market and Republicans.

      Note: Fears off a 1930s type of depression are totally unfounded. I shall explain why next week.



      ----------------------...

      1. So-called American patriots like Frank, Pelosi, Reid, Biden, Dodd, etce., remind me of Roosevelt, another Democrat who always put his party before his country. Before Roosevelt's inauguration Hoover pleaded with him to cooperate in dealing with the banking crisis in an effort to avert further economic suffering. Roosevelt refused. To ensure that the facts would be correctly reported by history Hoover recorded the incident in his memoirs:

      A statement of Rexford G. Tugwell (one of Roosevelt's close advisers) is worth repeating. James Rand, a responsible industrialist, ten days before the inauguration, had telephoned me this statement of Tugwell's as a warning. I confirmed his telephone message in the following letter, as I wanted it in the record:

      My dear Mr. Rand:

      I beg to acknowledge your telephone message received through Mr Joslin as follows:

      "Professor Tugwell, adviser to Franklin D. Roosevelt, had lunch with me. He said they were fully aware of the bank situation and that it would undoubtedly collapse in a few days, which place the responsibility of the collapse in the lap President Hoover. . . ."

      When I consider this statement of Professor Tugwell's in connection with the recommendations we have made to the incoming administration, I can say emphatically that . . . [they] would project millions of people into hideous losses for a Roman holiday.

      Yours faithfully,

      HERBERT HOOVER

      Some years afterwards, I asked Ray Moley why Roosevelt refused to cooperate with me in the banking crisis. He wrote to me:

      I feel when you asked him on February 18th to cooperate in the banking situation that he either did not realize how serious the situation was or that he preferred to have conditions deteriorate and gain for himself the entire credit for the rescue operation. In any event, his actions during the period from February 18th to March 3d would conform to any such motive on his part. (Herbert Hoover, The Memoirs of Herbert Hoover: The Great Depression 1929-1941, The MacMillan Company: New York, 1952, pp. 214-15).

      2. The Austrian definition of money: currency component, all checkable deposits, savings deposits, U. government demand deposits and note balances, demand deposits due to foreign commercial banks, and demand deposits due to foreign official institutions. (Some Austrians exclude savings deposits because they are immediately lent out and are therefore not available on demand.)

      The Austrian definition of money is in keeping with Walter Boyd's classic definition:

      By the words 'Means of Circulation', 'Circulating Medium', and 'Currency', which are used almost as synonymous terms in this letter, I understand always ready money, whether consisting of Bank Notes or specie, in contradistinction to Bills of Exchange, Navy Bills, Exchequer Bills, or any other negotiable paper, which form no part of the circulating medium, as I have always understood that term. The latter is the Circulator; the former are merely objects of circulation. (Walter Boyd, A Letter to the Right Honourable William Pitt on the Influence of the Stoppage of Issues in Specie at the Bank of England, on the Prices of Provisions, and other Commodities, 2nd edition, T. Gillet, London, 1801, p. 2).

      3. Wicksell points out that even if rates are not lifted the speculative frenzy will burn itself out.

      Gerard Jackson is Brookesnews' economics editor



      Sep 22 03:38 PM
    • How Precious Is Silver? [view article]
      Rebel my friend; it goes all the way back to monarchist big govt pro bank Hamilton and his fractional reserve shylocks of special UNGENERAL govt privilege; which fails the Gen'l Welfare AND Equal Protection clauses by leaps & bounds.

      Jackson killed the 2nd BUS off and paid off America's debt the first and LAST time in our history. Only because our currency no longer cost taxpayers compounding interest for it's use, as the shylock Fed now charges. Prices were stable and American wealth accumulation was staedy and rising all the way to the CW. The exceptions were under high protective tarrifs - ie GOVT intervention.

      After the taxes and fiat of the CW up until 1913 w/the FED & Inc Taxes enacted, was another period of almost true free markets free from govt and Americans flourished. The downfall actually began earlier when Big Biz finally got it's ICC to regulate fat profits while stomping out pesky little profit encroaching small competition.

      What Americans dont understand is that BOTH parties long ago traded in maximum freedom Jefferson for massive govt Hamilton.

      The proof for you idiot Republicans that still think our party is any much different than those commie coddling war mongering and profiteering Morgan Dems, is the incessant praise the likes of Newt or Trent Lott lavish on FDR, one of our most criminal presidents ever, right up there w/Lincoln, TR, Wilson & Bush's.

      99% of Americans still believe the Govt is a net positive - it is not. Govts costs to humanity and civilisation far far far outweigh it's puny net benefits.

      The same people behind the Fed & the Inc Tax are the same people that opened the New Republic to agitate against the Germans and entry into the war that Wilson got re-elected promising we'd never enter. The SAME people were behind FDR's confiscation of the people's gold and IT's presumed subsequent loss to the Fed as loan collateral.

      Look what the Maestro said back in the day:

      Alan Greenspan - “Gold and Economic Freedom” 1967
      "An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent defenders of laissez-faire – that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other. . . . This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights."
      Sep 20 10:25 AM
    • Law of Supply & Demand Is Dead for Gold & Silver [view article]
      Oh Danny Boy......tsk tsk.

      The idea is that govt has nothing to do with it.

      Without the interest to a special few from debt fiat, Jackson paid off the debt and restored the constitutional money.

      That ignorance of the founders knowledge of the Kings BoE and it's problems can be so blatantly displayed is hilarious.

      Danny, praytell what may the Maestro ever mean here please?

      Alan Greenspan - “Gold and Economic Freedom” 1967
      "An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent defenders of laissez-faire – that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other. . . . This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights."
      Sep 17 11:22 PM
    • Law of Supply & Demand Is Dead for Gold & Silver [view article]
      The South primarily lost from inflating their buying power away 2-3x the North's inflation rate.

      AIG had bids - they opted for govt. What this Govt just did is about as unAmerican as it gets.

      We the people are in for a very rude awakening once power's greed crashes the system and the people revolt, those fema camps will be put to their intended use. I wouldn't doubt all we say here enables those most percieved as threats to the state to be 1st in line for extended vacations. Never doubt our govt is capable of such, it has been done before.       Sep 17 06:29 PM
    • Law of Supply & Demand Is Dead for Gold & Silver [view article]
      And THAT is the key.

      The people actually believe govt is just and necessary when there's never been a time that govts weren't just the ruses of breadcrumbs and circuses for the few to rob the many. We have in spades the elite rule Hamilton always wanted that central banks a la the BoE are central to.

      Our founders KNEW THIS well. Elites have retaught the masses otherwise on the masses' dime.

      McBama is calling good lil troopers like dlaw to service, Iraq too.       Sep 17 05:37 PM
    • Law of Supply & Demand Is Dead for Gold & Silver [view article]
      Yes and just like 20's Germans did, you may eventually find it's best use as fuel for the stove to keep from freezing.

      Tell me someone - why is it that every fiat currency in history eneded badly and no one sees it?

      100 years of concerted propaganda by the bankers and the realms of govt, media and academe they bought to control.

      The state's "free" education is the least free of all - dlaw is their epitome of their handiwork. Then again so was I not so long ago when I incorrectly believed the Dems were more socialist.

      Goto mises.org and strike the root to get your minds right people. The founders would be horrified and ashamed at just how we the people let ourselves be taken down govts rosy path by the wealth and greed behind the scenes.

      A MUST READ essay, and I repeat myself, is Rothbard's

      "Wall Street, Banks and American Foreign Policy" at lewrockewell.com or mises.org

      www.lewrockwell.com/ro...

      mises.org/resources/12...





      Sep 17 02:36 PM
    • Law of Supply & Demand Is Dead for Gold & Silver [view article]
      Wow Quicks!

      I vaguely remember reading that long ago before I went back to mises and stayed there - still not convinced BOTH parties were run by the same evil cabal like I know for sure now in my heart of hearts and 100's of hours at mises.

      It wouldn't even be a stretch of the imagination vis all the other assassinations and how not one that I can see was really a "lone nut".

      Hell, the American history of conspiracies is actually rather pale compared to the greater quantity of evils perpetrated throughout history.

      Conspiracy pooh-poohers never studied ANY history or read any Shakespeare, or Cicero. Indeed most of them just do it for lack of the knowledge to even debate, or to marginalize.

      Dupe me voted for that criminal idiot W twice. BOTH parties are bought whores for the bankers to puppeteer for us.

      Just like Punch & Judy. Thats our evening news people. Thank goodness for the net and guard it's remaining freedom jealously!

      Without it I'd still be the clueless duped bioch of this criminal Govt. Like a fiat loving dlaw so to speak.       Sep 17 01:49 PM
    • Law of Supply & Demand Is Dead for Gold & Silver [view article]
      Constitutional Ignorance Forfeits Our Rights
      September 16, 2008 12:27 PM by Gary Galles | Other posts by Gary Galles | Comments (10)

      September 17 is Constitution Day, marking the anniversary of its 1787 signing. Schools will teach about the Constitution, but not for the obvious reason. Their reason will be that it is now required of every educational institution receiving federal aid. However, they won't teach about the irony of that requirement, which came from the man described as the Senate's leading Constitutional scholar, yet clearly conflicts with the Constitution.

      In 2004, Senator Robert Byrd (D.-W.Va.) inserted the requirement into a pork-filled spending bill that was blatantly inconsistent with Americans' general welfare, which is the Constitution's rationale. It also clearly overstepped the 10th Amendment's restriction of the federal government to only its enumerated powers.

      His "solution" aside, however, Senator Byrd is correct about our insufficient Constitutional knowledge. In one National Constitution Center poll, while two-thirds of adults said detailed knowledge of it was "absolutely essential," only one in six claimed such knowledge.

      Unfortunately, Americans know too little about our Constitution to maintain the freedoms it was designed to protect. Instead, our ignorance leads us to sacrifice rights out of undue deference to majority rule.

      America's Constitution is a far cry from establishing majority rule. Our founders did believe in voting to select who should be entrusted with the power of government, but the more important question they asked was what powers will "We, the people" delegate to the federal government to exercise on our behalf? That is why so much of the Constitution, particularly the Bill of Rights, is devoted to what the government is not allowed to do, regardless of majority sentiment. As Jefferson said, our founders fought not for democracy, but for government "tied down from mischief by the chains of the Constitution."

      The Constitution contains multiple non-majority rules to protect Americans against federal abuses, such as presidential veto power and the supermajorities required to change the Constitution. Its defense is the rationale for the Supreme Court's power to strike down unconstitutional laws, regardless of how many congressional votes they received. That reflected our founders' antipathy toward pure majority rule.

      James Madison said "democracies…have ever been found incompatible with personal security or the rights of property; and have in general been as short in their lives as they have been violent in their deaths." Thomas Jefferson warned that "[an] elective despotism was not the government we fought for," and that "The majority, oppressing an individual, is guilty of a crime, abuses its strength, and by acting on the law of the strongest, breaks up the foundations of society." Alexander Hamilton asserted that "Real liberty is not found in the extremes of democracy."

      However, many today feel that our founders' opposition to unlimited democracy can be squared with political determination of everything by saying, "also protecting the rights of the minority." But our lack of Constitutional knowledge means that believing in protecting the rights of minorities does not actually protect them when they are outvoted.

      Since Americans don't clearly understand their Constitutional rights against government abuse, the habit of deference to political majorities results in those rights being steamrollered whenever more than 50% vote to do so. Examples are plentiful because, despite the Constitution's imposition of strictly limited, enumerated federal powers, there is no area it does not now reach, if not dominate. And with our protections eroding, majority voting controls more and more of what our founders thought they had put off limits to political determination.

      Americans' inattention to the highest law of the land puts our essential rights and liberties at risk,

      as we can't effectively defend what we only vaguely know.

      Unless we begin taking them as seriously as our founders and vigorously defend the Constitutional safeguards that maintain them, our system of self-government will continue eroding. But when we don't even recognize the irony of a federal mandate to promote understanding the Constitution, when that mandate is inconsistent with the Constitution, we are far from that point.
      Sep 17 11:16 AM
    • Law of Supply & Demand Is Dead for Gold & Silver [view article]
      The Shrike

      Good on you for wanting more truth and insight!

      Goto mises.org. They are the world's most trafficked website dealing with freedom from the non-agression axiom's viewpoint. IE 100% self ownership = freedom, anything less is slavery.

      At mises pull down the "media" menu, once there search "gold". Most of these are mp3's you can listen to online, or like me, download for free to thumbdrives which I play in my vehicle or DVD player w/USB port.

      Heck, here's the page - enjoy the enlightenment !

      mises.org/media.aspx?a...

      Subster - you are correct, same subterfuge to get the people to not even think about our money and just accept whatever the status quo is or the next banking boondoggles as we have today that probably less than 5-10% of the pop are even paying attention to or could even discuss.

      The GOVERNMENT is the enemy of freedom, always was and always will be. The founders knew it but Govt has spent vast billions these past 100+ years to brainwash the people otherwise via media and academe THEY bought off starting w the General Education Board. Classical Academe was thus substituted w/all the freshly indoctrinated statists and socialists who went to Germany for their Phd's, the world's only place to get one ATT.

      Not coincidentally bankers were always behind every move to empower govt more for their own control while disempowering the people financially and socially via the new "Sciences" of elites knowing best whats best for individuals, their own preferences be damned.
      Sep 17 11:01 AM
    • Law of Supply & Demand Is Dead for Gold & Silver [view article]
      Freetruth,

      I must tell you that mises.org has been THE veritable font of enlightenment for me. I knew the socialist Dems were evil and started our worst wars, but was long deluded by the Reps, who just as soon as they had the power they'd been denied for forty solid years, turned around and copied the very socialist dems they'd been criticizing for decades. Rothbard's "Wallstreet, Banks and American Foreign Policy" at mises.org or lewrockwell.com should be must reads for all HS and college students. BOTH parties are statist criminals. Ron Paul is the ONLY legislator with ANY integrity who actually upholds his oath defending our embattled and debilitated constitution.

      And I can't tell you what an ecouragement it is to see all over the web people like you who are hep to Mises, Rothbard, Hoppe, and all the rest of the freedom loving gang, who daily are disseminating worldwide the superiority of the founder's freedom via ltd govt.

      The anti-aggression axiom & 100% self ownership are the simple and self evident basis' of freedom.

      And although I still love Reagan for his rhetoric, I now see he was only little more able to speak and do his mind than all the other CFR puppets before him and since. He did not fight the establishment he criticized when running for office - they were placed in his cabinet by the truckloads.

      McBama is doing the very same thing. Holtz-Eakins is fresh from his stint at the CFR to handle McCain, and CFR Obama, w/all his CFR handlers, acts like HIS membership is so inconsequential he forgets any of the details of it. I know he's just a liar like they all are. Indeed it was Cheney's admission to his CFR audience that he'd kept his CFR directorship secret when in Congress, that pushed me back to mises for further study and final acceptance, and the realization that BOTH parties work for their banking masters and NOT we the people any longer.

      When every multi-national head, every media head, every govt dept head, members of the SCOTUS & Congress, the academic heads, are ALL members of the CFR - which is NEVER mentioned on the lamestream's propaganda tube - then when will the people finally start smelling the limburger and be outraged at power's despicable and dangerous concentrations?

      Sep 16 04:13 PM
    • Law of Supply & Demand Is Dead for Gold & Silver [view article]
      notsosmart - how apropo!

      BTW gang - that banker bastard FDR only stole perhaps 20% of the people's gold. 80% of were too smart to fall for the unconstitutional ruse of confiscating their gold.

      I am only guessing some today will be less adamant but hopefully more will be more adamant to prevent their wealth's theft by our govt run by the criminals in the CFR/NWO/FedRes/Int'l Banking cabal.

      Pick any administration since Ike and see how both the presidents and their cabinets are almost wholly comprised of CFR members. Even the staffs of the Warren & 9/11 Commission coverups were almost wholly CFR members.

      The CFR, a banker propaganda machine, was created to prevent the repeat of another expose' the likes that patriot journalists burnt criminal banking puppet Wilson with, over the coming WW2 already long on their drawing boards.

      John Maynard Keynes
      Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency - "By a continuous process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some....The process engages all of the hidden forces of economic law on the side of destruction, and does it in a manner that not one man in a million can diagnose."

      Thomas Jefferson
      "If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered."

      Alan Greenspan - “Gold and Economic Freedom” 1967
      "An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent defenders of laissez-faire – that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other. . . . This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights."

      H.L. Mencken
      The urge to save humanity is almost always only a false-face for the urge to rule it.

      More than ANY OTHER group, it was BANKERS who agitated most for American entry into WW1 that Wilson was reelected to keep us out of.

      The Fed and Inc Taxes were NOT coincidental but imperative to our entry for the bankers.

      Sep 16 03:15 PM
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»