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Gary Edwards

Five pieces of evidence suggesting that California drought may be a HAARP-manufactured ... - 0 views

  • For years, many of those who've been paying attention have wondered what the purpose is of these clearly artificial chemtrails. Well, based on the extensive research findings by The HAARP Report, it seems as though these fake sprayings are helping to redirect and alter weather patterns -- in this case, to steer rain away from California."Chemtrails create a hot air layer at 30,000 feet, capping inversion," explains the report. "They [the powers that be] want that to overrun this low pressure area and prevent this low pressure from forming," as low pressure is what produces precipitation, explains the report.
  • Fukushima: a cover for HAARP and chemtrail-induced atmospheric damage killing our planet
  • A HAARP Report video posted to YouTube on April 19, 2015, lists the following five pieces of evidence suggesting that California's drought is a man-made attack on Californians:1) Low pressure areas out in the Pacific Ocean that would normally move in a counterclockwise direction have been detected moving in an anomalous clockwise direction. The HAARP Report, highlighting exclusive imagery captured on April 10, 2015, shows a "burst" of clockwise, high pressure cloud movement that would never occur naturally, and that clearly suggests weather manipulation activity meant to break up cloud formation and prevent precipitation.More on how this is accomplished through ionospheric heating is explained in the video report:YouTube.com.
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  • 2) After breaking up the areas of low pressure that would have produced rain for California, HAARP's weather weaponry and associated chemtrails generate areas of very dry air that, under normal circumstances, would be humid. Satellite imagery captured in the days following April 10 show this dry air sitting stagnant rather than rotating, breaking up the potential formation of thunderstorms.3) As it turns out, HAARP's weather manipulation machines can only operate when the D layer in the ionosphere has formed, which occurs after the sun has been up for three or four hours and ends in the evening. In the video, The HAARP Report shows how a storm that starts to pop up during this window of time is literally pushed to the right and destroyed. Dry air is pressed down, and once again the center is not moving in a counterclockwise direction as it should.
  • 4) Looking again at a massive area of dry air brought about by HAARP and chemtrails, the report points out how satellite imagery of a ring of rising air and a central column of falling air captured at 10 a.m. in California on April 9 proves that a HAARP downburst sent high pressure descending air into the jet stream, once again preventing rain.5) As this air descends, it just keeps getting bigger and bigger in the satellite imagery. And as it begins to reform, another HAARP downburst is observed on the north side of the front, with a signature clockwise flow around a high pressure area as it's sent downward. Put simply, the developing storm was basically broken up by HAARP, where it later reformed around Mexico and sent rain over New Mexico and Texas rather than California."Don't think for a minute that this drought in California is natural. They're using a variety of techniques to maintain this drought," warns The HAARP Report."The oceans are dying because of increasing ultraviolet-B. The modern HAARP transmitters punch holes in the ozone layer, since they must drive a plasmoid from 30 miles high down to the jet stream... mixing the chemtrails vertically, which breaks down the protective ozone layer.""The Pacific is dying because the base of the food chain, phyto-plankton, are being killed by the high UV-B, created by ionospheric heaters. Radiation from Fukushima is killing the Pacific, but not as fast as the lack of plankton, which can't survive the high UV-B. Fukushima is being used as a 'cover' for the excess UV-B caused by HAARP and chemtrails. That would explain the complete lack of action to stop the radiation from leaking into the Pacific."
  • Be sure to watch the full HAARP Report video here:
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    Excellent article with video demonstration explaining the drought in California, and how chemtrails are used to break up a low pressure zone. Amazing stuff. Using chemtrails, the counter clockwise spinning rotation of a low pressure zone is neutralized and even reversed, with the low pressure zone breaking up and dispersing. After watching this video, I noticed that three low pressure zones off the mid and southern coast of California were broken up with the clouds dispersing as they passed over California, Arizona and New Mexico. And guess what? The clouds came together in a new giant low pressure zone over Texas - where four days of thunderstorms and tornadados wrecked havoc. The farm land in California is being laid waste, and farm land in Texas, Oklahoma, Nebraska and Iowa is getting more water than the land can handle. "California is embroiled in a crisis of epic proportions as it continues to struggle through one of the worst droughts in state history. But emerging evidence suggests that the Golden State's water woes aren't a natural occurrence at all, and that a covert military operation involving "chemtrails" and other weather modification weaponry may be to blame. A recent episode of The HAARP Report, which tracks the activities of the U.S. military's so-called "High Frequency Auroral Research Program" (which the federal government falsely claims has been shut down), provides five pieces of compelling evidence from recently captured satellite imagery that points to deliberate weather modification as the cause of California's drought. You may have heard of "chemtrails" before -- those unnatural-looking cloud trails occasionally produced by airplanes that don't dissipate normally, and that end up blanketing the skies with a hazy muck. They differ entirely from water vapor contrails produced when water vapor condenses and freezes around small aerosol particles released from aircraft exhaust. The following image shows a sky filled with chemtrails:"
Gary Edwards

75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe - 0 views

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    Thanks to Marbux we have this extraordinary collection of facts and figures describing the economic catastrophe that has hit the USA.  excerpt: "What a year 2012 has been!  The mainstream media continues to tell us what a "great job" the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get even worse for the poor and the middle class.  It is imperative that we educate the American people about the true condition of our economy and about why all of this is happening.  If nothing is done, our debt problems will continue to get worse, millions of jobs will continue to leave the country, small businesses will continue to be suffocated, the middle class will continue to collapse, and poverty in the United States will continue to explode.  Just "tweaking" things slightly is not going to fix our economy.  We need a fundamental change in direction.  Right now we are living in a bubble of debt-fueled false prosperity that allows us to continue to consume far more wealth than we produce, but when that bubble bursts we are going to experience the most painful economic "adjustment" that America has ever gone through.  We need to be able to explain to our fellow Americans what is coming, why it is coming and what needs to be done.  Hopefully the crazy economic numbers that I have included in this article will be shocking enough to wake some people up. The end of the year is a time when people tend to gather with family and friends more than they do during the rest of the year.  Hopefully many of you will use the list below as a tool to help start some conversations about the coming economic collapse with your loved ones.  Sadly, most Americans still tend to doubt that we are heading into economic oblivion.  So if you have someone among your family and friends that believes that everything is going to be "just fine", just show them these numbers.  They are a good summary of the problems that the U
Paul Merrell

Mass Shooting Myth - U.S. Homicide Rate Hits 51-year Low As Gun Ownership Increased 141% - 0 views

  • In the wake of the Orlando nightclub massacre, politicians have attempted to use the tragedy as means of garnering public support for increased gun control measures. Four pieces of knee-jerk gun control legislation were defeated in Congress yesterday, but the debate surrounding gun rights continues unabated. The new narrative is that “mass shootings,” defined by the FBI as 3 or more people killed in one incident, are at epidemic level and thus require society to increase restrictions on gun ownership as a means of saving lives and lowering the U.S. homicide rate. However, this narrative flies in the face of reality as the homicide rate in the U.S. is actually at a 51-year low, according to FBI data. The homicide rate in the U.S. for 2014, the most recent year available, was 4.5 per 100,000. The 2014 total is part of a long downward trend and is the lowest homicide rate recorded since 1963 when the rate was 4.6 per 100,000. The last time the homicide rate in the U.S. was lower than it is now was in 1957 when the total homicide rate was 4.0 per 100,000.
  • Surprisingly, most Americans are completely unaware of this information, as the media and politicians in the U.S. consistently work to create a circus-like atmosphere surrounding firearms as a means of controlling the fear-based narrative of a public need for additional gun restrictions. Contrary to what the public has been led to believe; as the homicide rate in the U.S. has fallen to a 51-year low, gun ownership has increased drastically. According to a report by the Mises Institute: Over a recent 20 year period, the number of new guns in the US that were either manufactured in the US or imported into the US increased 141 percent from 6.6 million new guns in 1994 to 16 million in 2013. That means a gross total of 132 million new guns were added into the US population over that time period.
  • However one wants to rationalize this information there is one overarching theme – increased access to firearms has not led to a more violent society in the U.S. – and according to the FBI’s data, has actually correlated with a markedly less violent society as indicated by the lowest homicide rate in the past 50 years. Since the data is so convincingly clear, gun control advocates have now resorted to defining “mass shootings” as a special type of murder, and using the emotion of tragedies like Orlando, as an excuse for further regulate firearms in hopes that peoples’ knee-jerk reactions will overcome data and logic. “Yes, homicide rates have been going down,” they admit, “but mass shootings are now an epidemic!” This argument fails to acknowledge how absurd it is to attempt to imply that homicides are going up because of mass shootings when there are 49 percent fewer homicides compared to twenty years ago. This leads us to an interesting question; if the actual goal is to decrease homicides in the U.S., then why would we attempt to abolish the conditions that have strongly correlated with decreasing homicide rates (increased gun ownership) in an attempt to rid a specific variety of homicide that accounts for a very small percentage of the overall homicides in the U.S.? Regardless of Obama’s claims that “no one wants to take your guns,” there is most certainly an elite-driven agenda that is attempting to slowly regulate guns out of the American public society. The push to further regulate guns isn’t simply about decreasing homicides, as the data clearly reveals an ongoing trend of decreasing homicide rates, which begs the question; if the motive isn’t to decrease homicides, then what is the actual intent of pushing for increased gun control measure?
Gary Edwards

Tax Code Tweak Might Make CNG for Vehicles More Available | RedState - 0 views

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    Representative Dr. William Cassidy (R-LA) has put forward a common sense change to the tax code that will jump the economy of the USA forward, making use of plentiful and comparatively inexpensive natural gas. excerpt: The recent natural gas boom in the United States has been so wide-spread and profound that it has dropped natural gas prices to historical lows. These prices are so low that producers have begun to scale back operations as extraction has almost become uneconomical. We should be focused on exploring new commercial markets for natural gas to take advantage of such a low-cost energy source. Because technology and supply is currently available to sell the natural gas equivalent for about $1.50 a gallon compared with the current price of gasoline, it would seem natural for consumers to begin making the switch to compressed natural gas CNG (Compressed Natural Gas) vehicles. So if the technology is already available and we have at least a 100-year supply of natural gas right here in America, why aren't we all driving CNG cars? Unfortunately, the main obstacle is a lack of natural gas fuel infrastructure in our country. Currently in the United States, there are only 449 CNG fueling stations accessible to the public, which is dwarfed by the more than 157,000 gasoline stations. There are a number of proposals to spur natural gas infrastructure development in Washington. Not surprisingly, when it comes to Congress, the most talked about option involves subsidies for both natural gas vehicles and for the actual CNG fuel itself. While we should be using all of our available natural resources to aid in lowering the costs of transportation, the reality is that our country has neither the money to subsidize development nor the expertise to pick winners and losers in the energy and transportation sectors. As opposed to subsidies, I believe that a simple change to our tax code would help those companies that develop natural gas look at domestic retail infrastruc
Paul Merrell

Two Supermarket Executives Charged With Hoarding in Venezuela | venezuelanalysis.com - 0 views

  • Two managers of the private supermarket chain Dia Dia were formally charged by the Venezuelan state prosecutor yesterday with the alleged crimes of boycott and destabilization of the economy. Manuel Andrés Morales Ordosgoitti and Tadeo Arriechi Franco were arrested at the beginning of February after state authorities uncovered ton loads of basic items in a Dia Dia warehouse in Caracas. The indictments are part of a ramped up effort on the part of the Venezuelan government to crack down on hoarding and speculation by large private retailers, which is a primary contributing factor to inflation and widespread scarcities of basic goods.
  • The Bolivarian government has regulated the prices of everyday goods for years, in order to ensure access by the majority of Venezuelans for whom they were unaffordable under previous administrations. Nonetheless, the government has accused the private sector of exploiting this policy by hoarding cheap subsidized goods, creating consumer gaps, then selling them at exorbitant prices on the black market in what President Maduro has termed an “economic war” waged to destabilize the socialist government. Last month, board members of the private firms Dia Dia and Carnica 2005 were arrested for their companies’ role in a massive hoarding operation.
  • Carnica 2005 was nationalized and integrated into the state food distribution network PDVAL. Dia Dia operates 35 supermarkets throughout Venezuela, which are largely found in low-income communities.
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  • On Monday, Venezuelan Vice-President Jorge Arreaza inaugurated the first of the nation’s “people’s military commands” in Lara state, which will be charged with “generating a victory in the economic war.” Last month, President Nicolas Maduro unveiled his plan for the creation of “peoples’ military commands” throughout the nation designed to combat “economic sabotage” at the local level by ensuring the supply of basic food and hygiene products as well as medicines. “The men and women who form these commands have the responsibility of attending to the denunciations of the people and safeguarding their access to food, medicine, and all necessary products,” declared the vice-president.
  • The people’s commands will reportedly operate in coordination with social movements, communal councils and communes, and state security organs, although details remain limited as the project is gets off the ground. 
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    It's a big problem in Venezuela. The government subsidizes the purchase of consumer goods so that they can be priced lower for those with low incomes. But the right-wing "capitalists" aligned with U.S. covert agencies hoard the goods, creating artificial market shortages, then sell the goods on the black market at inflated prices. The current response by the government is criiminal prosecutions coupled with nationalization of businesses that don't hear the message. I suspect that the government may be forced at some point to drop the subsidies and begin writing welfare checks to low income citizens instead. The Bolivarian government is absolutely committed to ending poverty in Venezuela. Of course this smells too much of socialism for U.S. government tastes, which has been attempting to overthrow the Bolivarian government ever since it nationalized the oil industry. 
Gary Edwards

The Federal Reserve Shows Barack Obama Who The Real Boss Is - BlackListedNews.com - 1 views

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    Excellent article explaining how and why the Federal Reserve ended Obama's nutty plan to produce a Trillion dollar coin.  Short story: the T-Coin threatens the Federal Reserve's monopoly on the just as phony and totally debased dollar.  The author also discusses the dollar's role as the world's reserve currency and what that means.   The author also explains that the US has been borrowing over a Trillion dollars per year to finance the war and welfare Obama machine, PLUS, borrowing even more to finance the near $4 Trillion dollars of past debt that rolls over each and every year!   excerpts: When the Federal Reserve system was initially created back in 1913, the bankers that created it intended for it to be a perpetual debt machine that would extract massive amounts of wealth from the U.S. government (and ultimately from all of us) through the mechanism of compound interest.  Each year, hundreds of billions of dollars of interest are transferred into the pockets of the wealthy bankers and foreign nations that own our debt.  This is one of the reasons why I preach about the evils of government debt until I am blue in the face. The debt-based Federal Reserve system is a way to systematically steal the wealth of the United States, and it is happening right in front of our eyes, but very few people actually understand it well enough to complain about it. Unfortunately, we are rapidly getting to the point where we have accumulated so much debt that it is threatening to collapse our entire financial system.  The following comes from a recent Zero Hedge article...  "Unfortunately, the rest of the world is starting to move away from the U.S. dollar.  Over the past couple of years, a whole host of international currency agreements have been signed that are intended to start reducing the use of the U.S. dollar in international trade.  For much more on this, please see the following article: "The Giant Currency Superstorm That Is Coming To The Shores Of Americ
Gary Edwards

It's the Profiling, Stupid! - The Patriot Post - 0 views

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    Good article briefly describing th ehistory of the NSA and how it has evolved to the politicized monster it has become today. excerpt: "Last week, Barack Hussein Obama deflected new concerns about the National Security Administration's intrusive domestic data-mining operations, saying, "If people can't trust ... the executive branch ... to make sure we're abiding by the Constitution, due process, and rule of law, then we're going to have some problems here." Barack, we have some problems here. Of course, trusting the Executive Branch is not the issue. The problem is Obama's life-long record of deceit and deception, and his utter contempt for Rule of Law. Amidst recent revelations that Obama's black-bag cutouts inspired his "low-level" union cadres at the IRS to target his Patriot and Tea Party political enemies list, and scripted a cover-up of the Benghazi murders in order that it not derail his 2012 re-election campaign momentum, is it conceivable that his "low-level" union cadres at the NSA might collect intelligence data on U.S. citizens to profile those whom oppose Obama? As with the other scandals, Obama's political handlers and their Leftmedia talkingheads are obfuscating the facts regarding NSA data collection. They ignore legitimate civil liberty concerns, and focus instead on the question of whether such data is essential to our national security. Allow me to reframe a quote from James "Ragin' Cajun" Carville's political playbook about focusing on the big issue, and adapt it for the big data debate: "It's the profiling, stupid!" The question is not whether intelligence data collection is critical to our nation's ability to defend itself -- good intelligence is, and has always been a critical component of national defense and security. The overarching questions are, what is the scope of domestic NSA intelligence gathering, and what is the potential for an administration to use that information to profile and target political opponents? Here is a ver
Paul Merrell

Americans' Trust in Mass Media Sinks to New Low - 0 views

  • Americans' trust and confidence in the mass media "to report the news fully, accurately and fairly" has dropped to its lowest level in Gallup polling history, with 32% saying they have a great deal or fair amount of trust in the media. This is down eight percentage points from last year.
  • Gallup began asking this question in 1972, and on a yearly basis since 1997. Over the history of the entire trend, Americans' trust and confidence hit its highest point in 1976, at 72%, in the wake of widely lauded examples of investigative journalism regarding Vietnam and the Watergate scandal. After staying in the low to mid-50s through the late 1990s and into the early years of the new century, Americans' trust in the media has fallen slowly and steadily. It has consistently been below a majority level since 2007.
  • Democrats' and independents' trust in the media has declined only marginally, with 51% of Democrats (compared with 55% last year) and 30% of independents (versus 33% last year) expressing trust. Over the past 20 years, Democrats have generally expressed more trust than Republicans in the media, although in 2000, the two parties were most closely aligned, with 53% of Democrats and 47% of Republicans professing trust.
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  • While it is clear Americans' trust in the media has been eroding over time, the election campaign may be the reason that it has fallen so sharply this year. With many Republican leaders and conservative pundits saying Hillary Clinton has received overly positive media attention, while Donald Trump has been receiving unfair or negative attention, this may be the prime reason their relatively low trust in the media has evaporated even more. It is also possible that Republicans think less of the media as a result of Trump's sharp criticisms of the press. Republicans who say they have trust in the media has plummeted to 14% from 32% a year ago. This is easily the lowest confidence among Republicans in 20 years.
  • Older Americans are more likely than younger Americans to say they trust the media, but trust has declined among both age groups this year. Currently, 26% of those aged 18 to 49 (down from 36% last year) and 38% of those aged 50 and older (down from 45%) say they have a great deal or fair amount of trust in the media.
  • In 2001, younger Americans (55%) were more likely than older Americans (50%) to express trust and confidence in mass media. This gap emerged again in 2005 when 53% of 18- to 49-year-olds had trust and 45% of those 50 and older expressed the same sentiment. Yet in the past decade, older Americans have mostly had more confidence than younger Americans, and this year, the gap between these age groups is 12 points. And 2016 marks the first time that confidence among older Americans has dropped below 40% in polling since 2001.
  • The divisive presidential election this year may be corroding Americans' trust and confidence in the media, particularly among Republicans who may believe the "mainstream media" are too hyperfocused on every controversial statement or policy proposal from Trump while devoting far less attention to controversies surrounding the Clinton campaign. However, the slide in media trust has been happening for the past decade. Before 2004, it was common for a majority of Americans to profess at least some trust in the mass media, but since then, less than half of Americans feel that way. Now, only about a third of the U.S. has any trust in the Fourth Estate, a stunning development for an institution designed to inform the public. With the explosion of the mass media in recent years, especially the prevalence of blogs, vlogs and social media, perhaps Americans decry lower standards for journalism. When opinion-driven writing becomes something like the norm, Americans may be wary of placing trust on the work of media institutions that have less rigorous reporting criteria than in the past. On the other hand, as blogs and social media "mature," they may improve in the American public's eyes. This could, in turn, elevate Americans' trust and confidence in the mass media as a whole.
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    Personally, I suspect the fact that mainstream media's journalism standards have dropped as MSM ownership has been consolidated into 6 giant corporations might have far more to do with the decline. So declined too has been the relevance of editorial focus. In other words, MSM has only itself to blame for the public's loss of confidence. Fortunately, we've seen the rise of independent investigative journalism via the internet. Alternative media now offers far richer sources of information than MSM, once you learn to filter unreliable sources.
Paul Merrell

Wells Fargo Fake Accounts Scandal Spreads To Life Insurance Business - 0 views

  • Today, Prudential Financial announced it would suspend the distribution of a low-cost life insurance policy through Wells Fargo. The low-cost life insurance policy, called MyTerm, had been promoted by Wells Fargo since 2014 throughout its large number of retail banking outlets. The suspension comes shortly after a wrongful termination lawsuit was filed by three former Prudential employees, which alleged that Wells Fargo employees signed up customers for MyTerm life insurance policies without the customer’s knowledge to hit sales goals. The plaintiffs, who worked at Prudential’s corporate investigations division, claim their reports of the fraud led to their termination because Prudential management did not want to take any action that could damage its business with Wells Fargo. If true, those allegations would fit an already established pattern of Wells Fargo employees creating fake customer checking, saving, and credit card accounts. The resulting scandal from those revelations led to Wells Fargo being fined $185 million and the resignation of the CEO, John Stumpf. Wells Fargo is already facing a new investigation by the SEC concerning whether the bank made proper disclosures to investors. It’s not clear if the company disclosed the nature of the Commodity Futures Trading Commission investigation and others that led to $185 million in fines, or whether the company knowingly transmitted false sales numbers based on the gains from fake accounts.
  • Though it is hard to quantify, Wells Fargo’s name, reputation, and brand have been undeniably damaged. After the publicity of the congressional hearings, it is likely that many potential customers will not use the bank’s services. Customers whose names were used to open fake accounts will probably never bank with Wells Fargo again. In fact, some of them are suing. That’s all before whatever further damage is done by the more recent accusations about the fake life insurance accounts from Prudential. Hopefully not lost in all this is that the initial plan by Wells Fargo executives was to scapegoat low-level employees for this entire scandal. Despite creating the “cross-selling” program, which forced employees to aggressively try to open new accounts and even firing those that did not or complained about it, Wells Fargo upper management initially took no responsibility for the fake account scandal. In all, over 5,000 low-level employees have been terminated and are likely never going to work in banking again, while the CEO and the executive responsible for managing the program, Carrie Tolstedt, will walk away with millions upon millions of dollars.
Jeremy Stanfords

Vital Points To Consider Before Availing Loan Against Vehicle! - 0 views

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    If you are facing financial urgency but unsure whether you get the loan approval or not because of your low credit, low income or any other reason, you can simply approach Loan Against Vehicle
Paul Merrell

New low for Congress: Just 6 percent approve, finally lower than car salespeople | Wash... - 0 views

  • The public’s approval rating for Congress has finally hit rock bottom: For the first time, America has a higher opinion of car salespeople. A new Economist/YouGov.com poll put the approval rating of Congress at a historic low of 6 percent. A December 2012 Gallup poll comparing Congress' approval ratings to other occupations had car salespeople at the bottom at 8 percent and Congress at 10 percent. Now Congress is the cellar dweller. The nation’s bad opinion of Congress, impacted by inaction, budget fights and the battle over the filibuster, has also spread to Senate leaders. Just 19 percent approve of Senate Republican leader Mitch McConnell while 54 percent disapprove. Democratic leader Sen. Harry Reid’s ratings are 52 percent unfavorable, 25 percent favorable.
  • “What Americans are sure about is how they feel about Congress in general. They don’t like it, and haven’t liked it for a while,” said the poll. “But Congress’s approval rating in this week’s Economist/YouGov Poll matches its all-time low. Just 6 percent approve of the way Congress is handling its job. 72 percent disapprove.” “Only 10 percent of Democrats, 7 percent of Republicans, and 3 percent of independents approve of Congress.
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    But despite these numbers, the vast majority of American voters will in the next election (and those to follow) fall for the "choice of evils" political ploy of the Democratic and Republican campaign managers. But "none of the above" remains the clear leader in the public opinion polls. 
Paul Merrell

POLL: Public Confidence In Congress 'Has Sunk To A New Low' - Business Insider - 0 views

  • Just when it seemed like the public's perception of Congress couldn't get any worse, it did exactly that. In fact, the numbers show people have less confidence in Congress than any other American institution in the history of the Gallup poll.  According to new data from Gallup released Thursday, just 7% of Americans say they have "a great deal" or "quite a lot" of confidence in Congress — down from the previous low of 10% in 2013.
  • "Americans' current confidence in Congress is not only the lowest on record, but also the lowest Gallup has recorded for any institution in the 41-year trend. This is also the first time Gallup has ever measured confidence in a major U.S. institution in the single digits," the Gallup report noted.  An equal percentage of the public — 7% — told the pollster they have zero confidence in Congress while 36% said they have "some" confidence and 50% said they have "very little." View the full survey below.
Paul Merrell

Americans' Trust in Executive, Legislative Branches Down - 0 views

  • Americans' trust in each of the three branches of the federal government is at or near the lows in Gallup's trends, dating back to the early 1970s. Americans' trust in the legislative branch fell six percentage points this year to a new low of 28%. Trust in the executive branch dropped eight points, to 43%, and trust in the judicial branch, at 61%, is also the lowest measured to date.
  • The data are part of Gallup's annual update on trust in government, conducted in the Sept. 4-7 Governance poll. Gallup previously documented that Americans' trust in the federal government to handle both domestic and international problems slid to new lows this year.
Gary Edwards

RealClearMarkets - Yes, IRS Harassment Blunted The Tea Party Ground Game - 0 views

  • We found that the effect was huge: the movement brought the Republican Party some 3-6 million additional votes in House races.
  • The bottom line is that the Tea Party movement, when properly activated, can generate a huge number of votes-more votes in 2010, in fact, than the vote advantage Obama held over Romney in 2012.
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      Wow!  So the IRS re-elected Obama?  This is a bureaucratic coup.  We are living in a cleptocracy where the citizens treasury is being systematically looted by Federal bureacracies who are in position and powerfully corrupt enough to elect the representatives who enable them to loot at will. 
  • The data show that had the Tea Party groups continued to grow at the pace seen in 2009 and 2010,
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  • and had their effect on the 2012 vote been similar to that seen in 2010, they would have brought the Republican Party as many as 5 - 8.5 million votes compared to Obama's victory margin of 5 million.
  • Unfortunately for Republicans, the IRS slowed Tea Party growth before the 2012 election.
  • In March 2010, the IRS decided to single Tea Party groups out for special treatment when applying for tax-exempt status by flagging organizations with names containing "Tea Party," "patriot," or "9/12."
  • For the next two years, the IRS approved the applications of only four such groups, delaying all others while subjecting the applicants to highly intrusive, intimidating requests for information regarding their activities, membership, contacts, Facebook posts, and private thoughts.
  • As a consequence, the founders, members, and donors of new Tea Party groups found themselves incapable of exercising their constitutional rights, and the Tea Party's impact was muted in the 2012 election cycle.
  • it doesn't take a conspiracy theorist to note that the president's team was competent enough to recognize the threat from the Tea Party and take it seriously.
  • The Obama campaign has made no secret of its efforts to revolutionize turnout models for the most recent campaign.
  • Its remarkable competence turning out its own voters has been widely discussed, and it seems quite plausible that efforts to suppress the Republican vote would have been equally sophisticated.
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    excerpt: .................... The controversy over the IRS's harassment of conservative groups continues. President Obama's team continues to blame low-level bureaucrats. Some conservatives suspect a more sinister explanation: that the levers of government were used to attack an existential threat to the president's 2012 reelection. The president and his party dismiss this as a paranoid fantasy. The evidence, however, is enough to make one believe that targeting Tea Party groups would have been an effective campaign strategy going into the 2012 election cycle. It is a well-known fact that the Tea Party movement dealt the president his famous "shellacking" in the 2010 mid-term election. Less well-known is the actual number of votes this new movement delivered-and the continuing effects these votes could have had in 2012 had the movement not been de-mobilized by the IRS. In a new research paper, Andreas Madestam (from Stockholm University), Daniel Shoag and David Yanagizawa-Drott (both from the Harvard Kennedy School), and I set out to find out how much impact the Tea Party had on voter turnout in the 2010 election. We compared areas with high levels of Tea Party activity to otherwise similar areas with low levels of Tea Party activity, using data from the Census Bureau, the FEC, news reports, and a variety of other sources. We found that the effect was huge: the movement brought the Republican Party some 3-6 million additional votes in House races. That is an astonishing boost, given that all Republican House candidates combined received fewer than 45 million votes. It demonstrates conclusively how important the party's newly energized base was to its landslide victory in those elections, and how worried Democratic strategists must have been about the conservative movement's momentum. The Tea Party movement's huge success was not the result of a few days of work by an elected official or two, but involved activists all over the country who spent the year and a hal
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    One interesting facet of this scandal is that the IRS in its own regulations rewrote a law passed by Congress in the early 50s to permit non-profit corporations to devote part of their resources to political issues. As passed by Congress, it says that the non-profits must be "exclusively" charitable in nature. But when the IRS wrote its implementing regulations, it substituted "primarily" for "exclusively," thus allowing the non-profits to engage in political political campaigns to an undefined extent and getting the IRS into the business of looking at political credentials rather than a simpler review of whether the given non-profit's purpose is purely charitable. Thus, a question of what should be done about this. Roughly, the choices are: [i] amend the statute to read "primarily;" or [ii] leave the statute alone and have someone litigate to correct the IRS regulations. The latter path, if followed, should result in ending *all* non-profits' participation in political campaigns. The advantage of the latter path is that it gets the IRS out of the business of picking whose politics they like. The disadvantage is that it gores a huge number of non-profits' oxen across the political spectrum, so a major lobbying effort to rewrite the statute to maintain the status quo is predictable. But with a court decision holding that the IRS got it wrong, that non-profits must be "exclusively" charitable, presumably it would be illegal for non-profits to do that campaigning themselves.
Paul Merrell

In U.S., New Record 43% Are Political Independents - 0 views

  • An average 43% of Americans identified politically as independents in 2014, establishing a new high in Gallup telephone poll trends back to 1988. In terms of national identification with the two major parties, Democrats continued to hold a modest edge over Republicans, 30% to 26%.
  • Since 2008, the percentage of political independents -- those who identify as such before their leanings to the two major parties are taken into account -- has steadily climbed from 35% to the current 43%, exceeding 40% each of the last four years. Prior to 2011, the high in independent identification was 39% in 1995 and 1999. The recent rise in political independence has come at the expense of both parties, but more among Democrats than among Republicans. Over the last six years, Democratic identification has fallen from 36% -- the highest in the last 25 years -- to 30%. Meanwhile, Republican identification is down from 28% in 2008 to 26% last year.
  • These changes have left both parties at or near low points in the percentage who identify themselves as core supporters of the party. Although the party identification data compiled in telephone polls since 1988 are not directly comparable to the in-person polling Gallup collected before then, the percentages identifying as Democrats prior to 1988 were so high that it is safe to say the average 30% identifying as Democrats last year is the lowest since at least the 1950s. Republican identification, at 26%, is a shade higher than the 25% in 2013. Not since 1983, the year before Ronald Reagan's landslide re-election victory, have fewer Americans identified as Republicans. The decline in identification with both parties in recent years comes as dissatisfaction with government has emerged as one of the most important problems facing the country, according to Americans. This is likely due to the partisan gridlock that has come from divided party control of the federal government. Trust in the government to handle problems more generally is the lowest Gallup has measured to date, and Americans' favorable ratings of both parties are at or near historical lows. Thus, the rise in U.S. political independence likely flows from the high level of frustration with the government and the political parties that control it.
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    Increasing apathy, increasing dissatisfaction with both parties, or both? It's an interesting chart to study. 
Paul Merrell

German Economy Hit by US, EU Sanctions on Russia - SPIEGEL ONLINE - 0 views

  • The US, for its part, penalized a dozen leading Russian conglomerates, including oil giant Rosneft, natural gas producer Novatek, Gazprombank and the weapons manufacturer Kalashnikov. From now on, they are forbidden from borrowing money from American monetary institutions and from issuing medium- and long-term debt to investors with ties to the US.
  • Even prior to the sanctions, the Russian economy had been struggling. Now, though, the Ukraine crisis is beginning to make itself felt in Germany as well. German industry's Committee on Eastern European Economic Relations believes that the crisis could endanger up to 25,000 jobs in Germany. Were a broad recession to befall Russia, German growth could sink by 0.5 percent, according to a Deutsche Bank study.
  • The most recent US sanctions, warns Eckhard Cordes, head of the Committee on Eastern European Economic Relations, have placed an additional strain "on the general investment climate." Particularly, he adds, because European companies have to conform to the American penalties.
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  • Already, the uneasiness can be seen in the Ifo Business Climate Index. One in three of the companies surveyed at the end of June said it expected adverse effects. "Russian customers have begun looking for suppliers outside of Europe," says Ulrich Ackermann, a foreign trade expert with the German engineering association VDMA. "They are concerned that European companies, because of the threat of increased sanctions, won't be able to deliver."
  • Even prior to the latest sanctions, business has been slowing in almost all sectors. The Düsseldorf-based energy giant E.on, for example, recently built power stations in Russia worth €9 billion. Most of the generators are already online, but because the economy in Russia is suffering, the returns are much lower than forecast. Volkswagen is a further example. The carmaker's sales figures for 2014 are 10 percent lower than they were last year. Opel's figures dropped by 12 percent during the first five months of the year.
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    Germany, and other European nations whose economies are interdependent on Russia's, are beginning to feel the pain from U.S. efforts to blockade BRICS nations from doing business with Europe. That's what U.S. meddling in Ukraine is about, another of the key U.S. initiatives in the the new Iron Curtain being constructed between BRICS and the U.S.-led Bankster Empire. I suspect that the sanctions will prove to be a dumb move. The BRICS nations will develop new industry to replace the goods it had been buying from Europe, all paid for without U.S. dollars. A pinch in the beginning, but longer term economic growth because the BRICS nations will also sell their new products to developing nations eager to hop off the U.S. dollar. That's when the new BRICS development bank counterpart to the IMF comes to the fore. That's the handwriting on the wall that the U.S. is painting for Germany and the rest of the E.U. Will Germany take that kind of economic hit out of loyalty to the U.S. and love of the sinking value of the dollar? The only end in sight for the dollar's sinking value is the inevitable crash. Or does Germany part ways with the dollar and hitch its wagon to the rising star of the BRICS nations' economy? Because Germany is the island of prosperity in the Eurozone, as goes Germany, so goes the future of the E.U. and NATO. Meanwhile, the Fed manipulates the gold market to keep the price artificially low and thus prop up the dollar a bit longer. But that keeps the price of gold low for China too. The drama of gangster capitalism's demise. http://goo.gl/DGfEq6
Paul Merrell

ClubOrlov: Whiplash! - 0 views

  • Over the course of 2014 the prices the world pays for crude oil have tumbled from over $125 per barrel to around $45 per barrel now, and could easily drop further before heading much higher before collapsing again before spiking again. You get the idea. In the end, the wild whipsawing of the oil market, and the even wilder whipsawing of financial markets, currencies and the rolling bankruptcies of energy companies, then the entities that financed them, then national defaults of the countries that backed these entities, will in due course cause industrial economies to collapse. And without a functioning industrial economy crude oil would be reclassified as toxic waste. But that is still two or three decades off in the future.
  • An additional problem is the very high depletion rate of “fracked” shale oil wells in the US. Currently, the shale oil producers are pumping flat out and setting new production records, but the drilling rate is collapsing fast. Shale oil wells deplete very fast: flow rates go down by half in just a few months, and are negligible after a couple of years. Production can only be maintained through relentless drilling, and that relentless drilling has now stopped. Thus, we have just a few months of glut left. After that, the whole shale oil revolution, which some bobbleheads thought would refashion the US into a new Saudi Arabia, will be over. It won't help that most of the shale oil producers, who speculated wildly on drilling leases, will be going bankrupt, along with exploration and production companies and oil field service companies. The entire economy that popped up in recent years around the shale oil patch in the US, which was responsible for most of the growth in high-paying jobs, will collapse, causing the unemployment rate to spike.
  • The game they are playing is basically a game of chicken. If everybody pumps all the oil they can regardless of the price, then at some point one of two things will happen: shale oil production will collapse, or other producers will run out of money, and their production will collapse. The question is, Which one of these will happen first? The US is betting that the low oil prices will destroy the governments of the three major oil producers that are not under their political and/or military control. These are Venezuela, Iran and, of course, Russia. These are long shots, but, having no other cards to play, the US is desperate. Is Venezuela enough of a prize? Previous attempts at regime change in Venezuela failed; why would this one succeed? Iran has learned to survive in spite of western sanctions, and maintains trade links with China, Russia and quite a few other countries to work around them. In the case of Russia, it is as yet unclear what fruit, if any, western policies against it will bear. For example, if Greece decides to opt out of the European Union in order to get around Russia's retaliatory sanctions against the EU, then it will become entirely unclear who has actually sanctioned whom.
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  • The US is making a desperate attempt to knock over a petro-state or two or three before its shale oil runs out, with the Canadians, their tar sands now unprofitable, hitching a ride on its coat-tails, because if this attempt doesn't work, then it's lights out for the empire. But none of their recent gambits have worked. This is the winter of imperial discontent, and the empire is has been reduced to pulling pathetic little stunts that would be quite funny if they weren't also sinister and sad.
  • But a bunch of deluded people muttering to themselves in a dark corner, while the rest of the world points at them and laughs, does not an empire make. With this level of performance, I would venture to guess that nothing the empire tries from here on will work to its satisfaction.
  • Because it will recover. The fix for low oil prices is... low oil prices. Past some point high-priced producers will naturally stop producing, the excess inventory will get burned up, and the price will recover. Not only will it recover, but it will probably spike, because a country littered with the corpses of bankrupt oil companies is not one that is likely to jump right back into producing lots of oil while, on the other hand, beyond a few uses of fossil fuels that are discretionary, demand is quite inelastic. And an oil price spike will cause another round of demand destruction, because the consumers, devastated by the bankruptcies and the job losses from the collapse of the oil patch, will soon be bankrupted by the higher price. And that will cause the price of oil to collapse again. And so on until the last industrialist dies. His cause of death will be listed as “whiplash”: the “shaken industrialist syndrome,” if you will. Oil prices too high/low in rapid alternation will have caused his neck to snap.
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    Dmitry Orlov with a humorous yet inscisient take on the state and future of the oil market. Spoiler: He sees signs of desperation amongst the leaders of the American Empire, reduced to no viable options. 
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    "inscisient"? Make that "incisive." Follow reading Orlov's piece by reading Mike Whitney's latest at http://www.counterpunch.org/2015/01/20/are-plunging-petrodollar-revenues-behind-the-feds-projected-rate-hikes/ A lot of confirmation of what Orlov said in Whitney's article, citing hard numbers. Mass layoffs in the U.S. and Canadian oil industry; the petrodolar has stopped providing liquidity for the dollar; and the Fed plans to raise interest rates to force an influx of dollars from developing nations, in order to replace the petrodollar liquidity crisis. Whitney makes a strong case that it's a plot by the big banksters to steal another huge pile of cash at the expense of a huge number of jobs in the U.S. Both Orlov and Whitney say that it's going to be a very rough ride for the 99 per cent and for the population of developing nations. Indeed, Whitney's numbers say we are already over the precipice on jobs and well into free-fall.
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    But last night, Obama had the gall to claim that all is just peachy-k een on the jobs front. As he helps the banksters offshore another huge number of U.S. jobs.
Teresa Carter

Long Term Installment Loans- Appropriate Monetary Aid Available Online Easily With Simp... - 0 views

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    Long Term Installment Loans are especially designed for low credit people who want direct money from lender to resolve their fiscal emergency without any lengthy procedure. Irrespective of good or low credit records, everyone can apply for this financial loan scheme via online mode from anywhere anytime and obtained money with simple and flexible terms and conditions.
Gary Edwards

How to Avoid Blame and Maintain the GOP Brand as the Low-Tax Party | Western Free Press - 0 views

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    I like it!  Great idea ..... excerpt: "Pass two simple bills in the House.  Bill A extends current tax rates for those with incomes of $250,000 or less.  Bill B extends current tax rates for all the rest.  Keep both bills just that simple - include nothing else in either one.  Both will pass in the House thanks to the Republican majority. As the bills are moving to the Senate, Speaker Boehner holds a press conference and begins with a short address to the American public to promote both bills. First, Boehner points out that Bill A should pass the Senate promptly and be signed by the president.  Reid and Obama have promised as much. Second, the Speaker points out that Bill B will be likely be blocked in the Senate and/or on the president's desk.  Reid and Obama have (virtually) promised to do that too. "
Gary Edwards

The Daily Bell - Richard Ebeling on Libertarianism, Anarchism and the Truth of Austrian... - 0 views

  • These are at least two conceivable methods of compelling the government to stop, or limit, its abuse of the monetary printing press.
    • Gary Edwards
       
      Ebeling proposes two methods of reining in out of control government printing of paper money.  There is a third method; one used by Lincoln and Kennedy.  This is the issuance of gold/silver/oil backed reserve notes.  The notes represent gold or silver being held on deposit, and are fully redeemable.   The value of the gold/silver or another commodity represented floats in the marketplace against goods and services.  Nor is there a fixed exchange rate for converting fiat (paper) dollars.  The market will figure those things out if left free to do so.  And that's one big big "if".
  • So the normal market pressures of downward price and wage adjustments in the recession are partly counter-acted by a new monetary expansion that is delaying the necessary re-coordination of market activities. Thus, given these two pressures, prices do not fall as much as a post-recession adjustment may require and they do not rise as much or as fast as might otherwise occur due to the renewed monetary expansion.
  • At the same time, as you correctly ask, the Federal Reserve has been paying banks a relatively low rate of interest to keep large excessive reserves in their accounts at the Federal Reserve, rather than to fully lend those excessive reserves to private borrowers. And given the low market rates of interest that Federal Reserve policy has generated, even the low rate of interest on unlent excess reserves offered to banks by the Federal Reserve appears the relatively more profitable way to use their available funds.
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  • Why has the Federal Reserve done this? They infused these two trillion dollars into the financial markets back in 2008-2010 because they feared that an economy-wide bank collapse was possible. They are afraid to reverse this monetary expansion because to do so would reduce potential bank-lending capacity and put upward pressure on interest rates at a time when the Federal Reserve wants to prevent the sluggish recovery from slowing down even more and also raise the cost of the US government's financing of its trillion dollar a year deficits. So, instead, they leave this excess bank lending power sloshing around in the system, while keeping it off the market and from causing significant new price inflationary pressures, by paying banks not to lend those vast sums.
  • Austrians argue that economics is fundamentally a science and study of "human action." It attempts to trace out the logic and implications of man's intentional conduct in selecting among ends desired and applying perceived means to try to attain them. Austrians emphasize that all human action and the social and market interactions among men occur in a setting of imperfect knowledge, inescapable degrees of uncertainty and always through the passage of time.
  • They try to explain the market processes by which men discover mutual gains from trade.
  • They emphasize that the networks of social institutions in which and through which men discover ways to coordinate their interdependent actions in complex systems of division of labor are not the creations of government edict or command; but are most often among those unintended consequences of multitudes of self-interested individual actions and interactions.
  • They have developed theories of market competition and the role of the entrepreneur as the individuals always alert to market opportunities, and whose actions tend to bring about coordination between market supplies and demands.
  • The Austrian analysis of markets, competition and prices, led them to devastating critiques of the unworkability of all forms of socialist central planning, the inherent contradictions and inconsistencies in virtually all forms of government intervention and regulation, and a theory of money and the business cycle that points the finger of responsibility for inflations and recessions at the doorstep of government monetary and fiscal policies.
  • The philosophy of liberty proclaims that each individual is unique and possessing inherent rights to his life, liberty and honestly acquired property.
  • It is not surprising that classical liberal and libertarian ideas are often attacked. After all they are the ideas that consistently oppose the current political systems of plunder, privilege and power lusting.
  • That government, if it is to exist, is to serve as the protector and guardian of our distinct individual rights, and not the master of men who are obligated to sacrifice themselves for some asserted "national interest," "general welfare," or "common good."
  • The only reasonable meaning to the "common good" or the "general welfare" is when each individual is free to peacefully live his life as he chooses and is at liberty to voluntarily associate and interact with his fellow men for mutually beneficial improvements to their lives.
  • It is virtually inevitable that those who use political power for their own gain at their neighbor's expense will vehemently resist and oppose any attempt to stop them from feeding at the government trough.
  • there is everywhere a class of plundering peoples – politicians, bureaucrats, special interest groups – receiving tax-based income redistributions and subsidies and benefiting from anti-competitive regulations and protections against and at the expense of their fellow human beings.
  • This is the great battle of the twenty-first century;
  • Austrian Economics, not surprisingly, has been attacked precisely because of its insightful and cogent analysis of how it was government intervention and central bank monetary manipulation that generated the unsustainable boom in the last decade that set the stage for the inescapable bust, which the world is still suffering from.
  • There are "natural rights" libertarians
  • "utilitarian" or "consequentialist" libertarians.
  • most convincing case for human liberty
  • Because libertarians have not agreed about this among themselves, nor have they been able to persuade enough others in society to move the world further away from the collectivist premises and the interventionist-welfare state policies that guide so much that goes on in the world.
  • I happen to have been most strongly influenced by the "natural rights" defense of liberty, and especially as formulated by Ayn Rand in her philosophy of Objectivism.
  • First, it is argued that if one believes that the use of any and all forms of coercion are morally unacceptable in human relationships, then this should also imply that any compulsory taxation, even when for the funding of defense and legal justice, is unjustifiable. And, second, it is argued that the private sector could provide such admittedly essential services far more efficiently and cost-effectively than the monopoly agency of government. Murray Rothbard and David Friedman probably have been among the most well-known and articulate proponents of the anarcho-capitalist position over the last 50 years.
  • Others like the Ayn Rand, Robert Nozick and Ludwig von Mises have made the case for constitutionally limited government. Their counter arguments have centered on the ideas that conflicts over jurisdiction, disputes among private defense agencies contracted by different individuals who have disagreements, and the likelihood that "defense" would turn out to be a "natural monopoly" anyway – that is, a tendency for one agency to end up being the single provider of defense and judicial services over a wide geographical area – raise questions about the long-run workability and sustainability of competing defense companies in society.
  • From a moral perspective, I am in sympathy with the anarcho-capitalist position, in that I find the compulsory taking of people's income and wealth without their consent for whatever reason to be ethically repugnant.
  • We should focus on what we all agree upon:
  • This means that the Supreme Court has said that you are the slave of "society" and the government that represents "the people," since, in principle, anything that you do or not do can be argued to have some affect, positive or negative, on others.
  • Think about this Court decision. It is saying that if you do not buy health insurance the government will tax you to pay for it. If you refuse to pay the tax, the government will end up attempting to seize financial assets or real property you own in lieu of failure to pay. If you try to prevent this taking of your property, you are subject to arrest and imprisonment. If you resist arrest or imprisonment, the police have the authority to force you to comply – up to and including lethal force to subdue you into obedience.
  • the freedom and dignity of the individual human being; and the attempt whenever and wherever on our part to reduce, repeal and abolish all forms of regulation, control, restriction, prohibition on the peaceful and honest affairs of our fellow men.
  • Once you accept this premise, there is no end to the minutest detail and content of your life and actions the government cannot claim jurisdiction over to regulate, control or prohibit.
  • Here is that end-of-the-road of the notion of unlimited democratic rule by "the people" and those who claim to speak for "the people" and rule on their behalf.
  • Ayn Rand, of course, rejected any connection or compatibility with libertarianism. She argued this on two grounds. First, she felt that too frequently libertarians spoke of individual freedom, free markets and limited government, but failed to explicitly and clearly ground their political-economic ideas in a demonstrable philosophy of man, nature and society.
  • Government control of money is the potentially most dangerous and damaging form of government power short of outright socialism.
  • Rand's political philosophy arises out of the "natural rights" tradition, that rights are inherent in the nature of man and precede government.
  • Mises believed that rights were, in a sense, "social conventions" that had evolved out of the discovery that certain social institutional arrangements were more conducive to the mutual betterment of all members of society for achieving their individual goals and values
  • What they did agree upon was that, given their respective conceptions of the basis of individual rights, there was no social and economic system more consistent with the protection of those rights and more likely to generate the material and cultural achievements that are potentially possible than laissez-faire capitalism.
  • And in the twentieth century, Rand and Mises were two of the most principled and uncompromising advocates for the completely free market society
  • Second, she rejected the anarchist elements in the libertarian movement, believing that any reasonable analysis of the reality of man and the human condition strongly suggested the inescapable need for a single legal standard for defining and enforcing individual rights and a single authority to as impartially and "objectively" as possible enforce laws defending each individual's rights to his life, liberty and honestly acquired property.
  • "Hardly ever do the advocates of free capitalism realize how utterly their ideal was frustrated at the moment the state assumed control of the monetary system . . .
  • A 'free' capitalism with government responsibility for money and credit has lost its innocence.
  • From that point on it is no longer a matter of principle but one of expediency how far one wishes or permits government interference to go.
  • Money control is the supreme and most comprehensive of all governmental controls short of expropriation."
  • Government basically has three ways to acquire the income and wealth of its citizens: taxation, borrowing and printing money
  • So, governments throughout history have turned to the monetary printing press to fund the expenditures not covered by taxes or borrowed money
  • This "non-neutral," or uneven, impact on prices and wages in the economy during the inflationary process brings in its wake distorted profit margins, misallocations of resources and labor and various mal-investments of capital. Here are the seeds for the artificial and unsustainable "booms" that invariably come crashing down in the "bust" once the monetary expansion that has set it all in motion is stopped or slowed down.
  • I believe that the choice and use of money should be left to the market, that is, to the free and voluntary interactive decisions of those buying and selling in the market.
  • I consider a private, competitive free banking system to be the only one consistent with a truly free market society.
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