Friday, November 20, 2020

Go Judy!

Dr. Judy Shelton may someday find a seat on the FED’s Board of Governors, but I wonder why she would want it.  She would be sitting among members for whom dishonesty is their profession, whose job is to keep the public confused and looking the other way while counterfeiting the monopoly monetary unit known as the American dollar, a process that draws wealth from those of modest means and awards it to the fat cats who attempt to rule us. 

And make no mistake, she fully understands this.

With competition from the threat of canceling Thanksgiving and Christmas, along with the possibility of being locked indoors for the coming year, I don’t suppose one in ten thousand have even heard of Ms. Shelton or who would give a hoot if they had.  Politicians and the media ring the public’s ears with “cases” and Trump rather than monetary matters and their connection to a darkening future. 

The few who have heard of Judy Shelton have been told her ideas are wacky and dangerous — and they are, to those who benefit from institutionalized fraud.  And what makes her a threat to our overlords?

Comments such as this:

. . . the vision of providing a solid monetary foundation for global free trade was shattered by Nixon’s decision to suspend gold convertibility of the dollar.  

And these:

Inflation is the enemy of capitalism, chiseling away at the foundation of free markets and the laws of supply and demand. It distorts price signals, making retailers look like profiteers and deceiving workers into thinking their wages have gone up. It pushes families into higher income tax brackets without increasing their real consumption opportunities. 

And from the same article,

Inflation makes suckers out of savers.

The FED and a market gold coin standard are polar opposites.  Fortunately for statists, we had a government gold coin standard that FDR criminalized with an Executive Order.  The key to every statist scheme is the money to fund it, and because it can’t be summoned into existence by bureaucrats, gold (and its “hoarding” by the public) was declared recovery enemy number one after FDR took office.

(I’m using the popular word “government” to denote the State.  In today’s narratives the two are used interchangeably, but they shouldn’t be. Our government, the State, is the Rothbardian criminal gang writ large.  In my book Do Not Consent and its movie I argue that the free market provides all the government we need, without coercion.)

Judy Shelton is loathed and feared by our masters, but our masters have brought us to the edge of extinction.  Fortunately, she is far from alone in her support of honest (voluntarily-derived) money.  I offer the following for your consideration:  

“The excellence of the gold standard is to be seen in the fact that it renders the determination of the monetary unit’s purchasing power independent of governments and political parties.” - Ludwig von Mises, The Theory of Money and Credit, p. 416

“When one studies the history of money, one cannot help wondering why people should have put up for so long with governments exercising an exclusive power over 2,000 years that was regularly used to exploit and defraud them.” -  Friedrich A. Hayek, Down with Legal Tender

“Inflation is simply a means to transfer wealth from anyone who has savings in a particular currency to anyone who has debt in the same currency.  With hyperinflation, the value of savings gets completely wiped out and the burden of debt is removed.”  - Peter D. Schiff and Andrew J. Schiff, How an Economy Grows and Why it Crashes, p. 220. 

“The Fed's low-interest policy not only encourages spending and borrowing, it discourages the one thing that best helps people raise themselves into higher economic classes — saving.” - Mark Thornton, The Fed’s War on the Middle Class 

“Funding government through taxation is never enough because the victims might retaliate. What's needed is what we have: the arcane subterfuge of a cloistered cartel. What's needed is a central bank quietly mulcting the masses while it feeds the world's power-holders.” - George F. Smith, “Government’s Perennial Enemy

"The one thing that the globalization of central banking has succeeded in doing is synchronizing disaster." - Gold: The Anti-Bubble

“Counterfeiting is universally condemned by civil governments. . . Why do governments do this? Because they are all counterfeiters, and they deeply resent an invasion of their turf. Laws against counterfeiting in today's world are a form of gang warfare.” - Gary North, What Is Money? Part 2: Precious Metal Coinage 

“The degree of barbarism that [WWI] produced could not have been accomplished had a gold standard been in force. The public would have stripped the banks of the public’s gold. The governments would have had to come to terms with the enemy. It was the abandonment of the gold standard that made modern barbarism affordable.” - Gary North, The Gold Wars, p. 23 

“When economists call for boosting ‘aggregate demand,’ they do not spell out what this really means. It means forcibly overriding the voluntary decisions of consumers and savers, violating their property rights and their freedom of association in order to realize the national government's economic ambitions.” - Llewellyn H. Rockwell, Jr.  

“What the costs of mining produce for society is a restrained state. . .  That such a restraint might be available for the few millions spent in mining gold and silver out of the ground represents the greatest potential economic and political bargain in the history of man.” - Gary North, The Gold Wars 

“If a domestic money consists of a commodity, a pure gold standard or cowrie bead standard, the principles of monetary policy are very simple. There aren’t any. The commodity money takes care of itself.” - Milton Friedman, quoted by Joseph Salerno, Money, Sound and Unsound, p. 366

Unlike natural (voluntary) money production that is regulated by the market forces of profit and loss, inflation is always an imposed increase of the money supply. -  Jorg Guido Hulsmann (paraphrasing) 

Commodity monies have built-in insurance against inflation. -  Jorg Guido Hulsmann (paraphrasing)

"Inflation is not just an extension of the money supply. The crucial point is that it extends the money supply through a violation of property rights. Inflation provides not just gains; it provides illegitimate gains. Its alleged benefits are not really different from the benefits of robbery and fraud." - Jörg Guido Hülsmann, The Ethics of Money Production, p. 100

“The return to gold does not depend on the fulfillment of some material condition. It is an ideological problem. It presupposes only one thing: the abandonment of the illusion that increasing the quantity of money creates prosperity.” -- Ludwig von Mises, “Gold versus Paper

“Everything possible is done to prevent the fraud of the monetary system from being exposed to the masses who suffer from it.” Ron Paul, Feb. 15, 2006.


Sunday, November 8, 2020

What if life could get really better?

A good many people are conducting What-if scenarios about the outcome of Election 2020, drawn irresistibly to salvation by politics as moths are to flames.  According to many, including President Trump, if Biden wins it’s the end of America as we know it — really, this time for sure, because the tidal wave of corruption and evil his election will release cannot be undone politically.  

Biden - Harris policies will temporarily favor the have-nots whose numbers have increased dramatically since the lockdowns and thus will be entrenched until the government’s checks bounce.  And then the have-nots will truly not have.  Do you think a Republican Senate would have the guts to oppose a Biden basic income package?  If Trump hangs on for a second term, we have at most a four-year grace period to decide how to achieve freedom in our lives.

Freedom?  What presidential candidate talks of creating a free society?  The Libertarian Party candidate?  It can’t be done politically.  A libertarian political party is a contradiction in terms.  If libertarians stand for anything it’s the Non-Aggression Principle.  If they ever win a presidential election the winning candidate could only take office if every adult American voted for him or her, otherwise a victory would mean forcing some people to be free.  And immediately upon taking office they would have to dissolve the State, their one and only plank of their party platform. 

If you have a hard time picturing this happening you’re not alone.

So, what should people do if they want to be free from state coercion?

Start by telling yourself you want to be free from state coercion.  Go ahead and say it, I’ll wait. 

If you don’t admit that freedom is what you want, you won’t know what it is you’re after.

Is it scary to contemplate life without the Great God State?  Can a state-free economic system provide everything we need?  What if it could?  What about other concerns, such as virus threats?  Don’t we need a state to tell us what to do?

What if we don’t?

What if the State is unnecessary for governing a free society?

What if the State is incompatible with a free society?

What if the State’s elections, regardless of the candidates, make a free society impossible?

What if, as Murray Rothbard has written, the government we have, called a State, is nothing more than a criminal gang, regardless of which party is in power? 

What if the estimated $14 billion spent on getting politicians elected in 2020 could instead be invested by the owners of the money to provide capital for economic growth?

What if people were free to judge for themselves whether a virus was a threat to their health?

Aside from property owners, what if no one had the power to enforce mandates of any kind, including lockdowns and masks?

What if a free society, which is based on property rights, includes the necessary incentives to govern itself?

What if a free society is the best means of defending the country from foreign attack?

State control of money and banking

What if a free society provides a safe medium of exchange?

What if the government we have criminalizes the market’s choice of money, which has historically been gold and silver coins, so that it can expand control over our lives?

What if the government we have criminalizes society’s choice of money so that it can reward preferred constituencies through central bank inflation?

What if central banks cannot exist in a free market but require government support for their operation?

What if “government support” amounts to prohibiting through force any competition to the central bank or the money it issues?

What if peace and prosperity are the hallmarks of a market-selected money, as shown in the last half of the 19th century?

What if the 19th century Robber Baron episode was a result of government favors rather than an indictment of the free market?

What if war, debt, and money devaluation are the hallmarks of the central bank’s fiat money?

What if banking crises result from the practice of fractional reserve banking?

What if fractional reserve banking satisfies the definition of embezzlement but is not regarded as such legally?

What if banks that practiced fractional reserve banking could be criminally prosecuted?

What if banks that practiced fractional reserve banking turned to the government to establish a central bank for protection?

State control of education

What if the government takes control of the country’s educational institutions?

What if people are taught from day one that their government exists to defend their natural rights as human beings?

What if events unfavorable to government are vetted or excluded from its recorded history?

What if adults accept the idea that government-as-we-know-it is a naturally evolving social phenomenon that strives to serve our best interests?

What if the closed-door Constitutional Convention was not a step in the direction of freedom but a revolt against freedom?

What if the Constitution provides for the expansion of government power through ambiguous clauses that the government itself interprets?

What if “emergencies” render the Constitution null and void with the rationale that it is not a suicide pact?

What if government-as-we-know-it evolved from a raiding party on a peaceful society?  What if the raiding party used their superior force to settle among the conquered and institute a protection racket?  What if the protection racket is known today under more acceptable labels such as “the nation” or “our country”?

What if Big Tech, Big Pharma, Big Money, and other Big Influences derive their power from favors bestowed by the State? 

In conclusion

What if enough people make known their wish for a state-free existence?What if they make known the inestimable advantages of a state-free society?  What if, as a result of these, the State begins to weaken through attrition in its ranks?

What if the people under control of a weakening State demand the State dissolve itself completely, perhaps by refusing to pay taxes? 

What if people surrender victimhood and begin to take full responsibility for their lives?

George Ford Smith is the author of nine books, including Do Not Consent: Think OUTSIDE the voting booth, The Flight of the Barbarous Relic, Eyes of Fire: Thomas Paine and the American Revolution, and The Fall of Tyranny, the Rise of Liberty.  He is also a filmmaker whose latest work bears the same title as his most recent book, Do Not Consent. PLEASE WATCH IT AND VOTE!

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