Skip to content

Category: Money

More News and Commentary

Jacob Hornberger discusses the failure of impeachment regime change.

John Whitehead on the tyranny of the police state disguised as law and order.

Brittany Hunter on home equity theft.

Laurence Vance on the “Green New Deal,” and says that Americans didn’t need the original New Deal in the first place.

Nicholas West says the military will use facial recognition goggles to help soldiers identify people through weapons systems.

Dave DeCamp says that U.S. sanctions are still strangling Venezuela.

And Kerry McDonald on a new Harvard study showing the dangers of early school enrollment.

Bureaucrats Uneasy Over Cryptocurrencies

Monetary central planning bureaucrats all over the world including U.S. Treasury Secretary Steven Mnuchin are getting more paranoid over the popularity of cryptocurrencies.

Mnuchin held a press conference this week and made it perfectly clear that the gubmint will not tolerate people trying to keep their financial activities anonymous. And he doesn’t like the new proposed Facebook digital currency “Libra.”

Government bureaucrats can’t stand the idea of not being able to track the people’s activities, especially their financial activities. Control is very important to control freaks.

Besides control and tracking, the government’s monopoly over money, easy money and easy credit, is their way to legally and stealthily steal from the people or parasite off them. So this reminded me of Hans-Hermann Hoppe’s article on why the State demands control of money, which I very much recommend.

More News and Commentary

Donald Boudreaux on immigration and the many ways in which a nation is not a house.

Thomas DiLorenzo explains why male soccer players make more than female soccer players.

Scott Horton on fighting the last war.

Charles Burris on slavery reparations.

Frank Shostak asks, When will the stock market respond to 2016’s liquidity collapse?

Lance Roberts on Judy Shelton, the Fed, and the realization of a liquidity trap.

And Jeff Tucker on the magic of Tanglewood and its astonishing success.

More News and Commentary

Laurence Vance says that serving in the military can be hazardous to your mental health.

Elizabeth Vos discusses the revelations of WikiLeaks: No. 2, The leak that “exposed the true Afghan War.”

Kelley Vlahos on the new Secretary of Boeing.

Catherine Frompovich discusses how vaccine information censorship works on the Internet.

Doug Bandow says that China isn’t an enemy and hawks shouldn’t turn it into one.

Thomas DiLorenzo on why blockades are weapons of war.

David Stockman on DEFCON Donald.

George F. Smith asks, What will you do on Election Day?

John Whitehead on the deadly perils of traffic stops in the American police state.

Danny Chabino says, Stop stumping for Tulsi.

Richard Ebeling says that all socialisms are antisocial.

Gareth Porter says that John Bolton is spinning Israeli “intelligence” to push for war against Iran.

Jacob Hornberger on immigration tyranny and cruelty.

Caitlin Johnstone says that Silicon Valley giants collaborate with the U.S. government on Venezuela.

Dr. Marilyn Singleton says that Congress should prioritize healing, not hypocrisy.

Yvonne Lorenzo with an article on Prof. Stephen F. Cohen’s discussions on Russia.

Thomas Knapp says that Trump’s trade war is a war on you.

Philip Nelson on how LBJ expropriated control over the Pentacon and CIA soon after the inauguration of the Kennedy-Johnson administration.

And L. Reichard White on war and the paper standard.

Socialists Are Fascists, and Vice Versa

Thomas DiLorenzo writes on the LewRockwell.com blog:

Socialist Economists Joseph Stiglitz and Thomas Piketty Want to Know Where All Your Money Is.

They belong to an “independent commission” that advocates a “global asset registry” that would use blockchain technology to track all assets in accounts over $10,000.  Like the advocates of firearm registries, they want an asset registry so that the state(s) knows where to go to steal your property when the time is right.  Other members of this “commission” include various United Nations political hacks, fellow far-left academics, and various tax collectors, such as the former revenue commissioner of Nigeria, all of whom favor some kind of globally administered socialist welfare redistribution scheme.  (Thanks to Kyle J.).

Related: Yuri Maltsev has an article on Alexandria Obama-Chavez (AOC) and her proposals that would end up resulting in the same kind of death and destruction of all past socialists regimes and dictators.

Ocasio-Cortez is attractive and well-spoken individual, but so were Trotsky, Lenin, Stalin, Trotsky, Mao Zedong, Ho Chi Minh, Che Guevara and Fidel at her age. All of them disguised their insatiable lust for power by “altruistic idealism” and when they have fooled enough “grey masses” and “useful idiots” to get the power, they all became the worst mass serial killers as the logic of these ideas demanded them to.

More News and Commentary

Activist Post with an article on police using DHS machines to create private DNA databases of “suspicious” people (i.e. innocent people who are not suspects, but “suspicious” as viewed by U.S. gestapo bureaucrat scum).

Matt Agorist on Venezuela green lighting Russia to mine gold, days later U.S. gub planning overthrow — coincidence?

And Donald Boudreaux has these 8 questions we should be asking about economics.

The Dow Down Again – No, Donald, It’s Not the Fed, It’s YOU!

The Dow sank again today in a shortened day of trading, down more than 650 points. Donald Trump blames the Fed. Trump tweeted, “”The only problem our economy has is the Fed. They don’t have a feel for the Market…” Like you do, Donald.

No, one big problem now has been Trump’s trade idiocy. This “trade war” crapola. Someone please tell Trump that it doesn’t matter if there’s a “trade deficit.” It’s not the same thing as a budget deficit! He wants to spend money — other people’s money — like a drunken sailor, and “who cares if there’s a $1 trillion budget deficit,” he might as well say! But THAT’s the deficit that matters, and that influences the economy, not this “trade deficit” thing.

Donald Trump needs to cut it out with this trade fascism that he is shoving down the people’s throats. Leave people alone, and let them have the freedom to buy whatever they want, or sell whatever they want, and let producers have the freedom to buy whatever capital goods they want or need, and leave them alone! Who cares if they’re buying stuff from China or India or Iran or Ireland. Someone please tell Trump to stop being such a dictator, and such a control freak!

And stop stealing from people, which is what Trump’s damn tariffs are, stealing!

The Selfish, Keynesian, Socialist Election-Cheaters in Florida

These recent elections, with all the cheating going on Florida and other states, seem to be an exaggerated version of many times in the past in which we’ve seen people who will do anything for their immediate gratification fix for power and control over the lives of others.  I am reminded by an article I wrote in 2013 on Keynesianism and its policies of selfishness, irresponsibility and immediate gratification. So, I will repost that article here.

Keynesianism: Policies of Selfishness, Irresponsibility and Immediate Gratification

September 27, 2013 (LewRockwell.com, Link to article)

Our fanatically Keynesian President Barack Obama believes that governments should spend money they don’t have and put the country into debt. So he is whining to Republicans to continue raising the debt ceiling so the federal government can continue on its wild spending spree.

And Obama has the nerve to say that the opposing Party’s not wanting to do the President’s bidding by irresponsibly raising the debt ceiling is “extorting” the President. He claims that it is extortion when some of the people’s representatives tell the Dear Leader to stop stealing from our grandchildren!

This Obama person is just as bad as the Bush that preceded him. And the power-grabbers of the Federal Reserve and the banksters are just as dishonest and irresponsible.

But they are merely reflecting the general population now, the selfish, impatient and id-oriented population of America.

And some people are speculating that Janet Yellen, Vice Chairman of the Fed’s Board of Governors, will be picked to be the next Chairman of the Federal Reserve System, replacing Ben Bernanke.

Like Bernanke, Ms. Yellen apparently believes in using the apparatus of government intervention to control economic matters. And she certainly favors Keynesian policies, “easy money” and continuing with the self-indulgent spending habits.

The Economic Collapse Blog’s Michael Snyder notes how Ms. Yellen was totally clueless in 2007, really believing that those artificial housing and other stimulus would be “still likely to achieve a relatively smooth adjustment path.” And then in 2010 she testified that she did not see the meltdown and collapse coming, as the current Fed Chairman, Ben Bernanke, also did not see it coming.

However, those of the Austrian school way of thinking, such as Ron Paul, did see it coming, as I have noted before.

And in response to The Bernank’s recent “no taper” announcement, Ron Paul asked, morally what right does Bernanke have “to take away 2% of our purchasing power deliberately? What right does he have to punish the elderly who save money?”

Dr. Paul warned against further destruction of the dollar and malinvestment caused by artificial interest rates.

Actually, as long as any kind of economic activity is artificial, or artificially “stimulated” by monopolistic and unaccountable governmental intrusions, there’s a good chance that that will cause malinvestment.

And the other part of that is the intrusions are coming from some central planner, such as the Fed and its high-and-mighty Chairman or from an act of Congress, for that matter. What you will then have is “planned chaos,” as Ludwig von Mises pointed out.

In contrast, with freedom and free markets consumers and producers are left free to plan their own economic matters. In a system of more freedom and randomness, you have less chaos because such a system is freed from the destructive intrusions of those bureaucratic buffoons and parasites and their “fatal conceit” that guides them.

But sadly, the majority of people in America do not appreciate that freedom, independence and responsibility, in our modern age of decadence and covetousness.

America has become a society in which irresponsibility and immediate gratification are institutionalized, praised and rewarded. And that is exactly what the Keynesian economics of Janet Yellen, Ben Bernanke, Paul Krugman and millions of others promotes.

The truth is, those folks of the Keynesian way of thinking don’t even practice economics — their love is for politics and in strengthening the political class.

You see, at some point private economic matters in America became politicized. And it was the politicians who exploited crises, panics and economic downturns and they then sold a bunch of snake oil to the desperate masses as a means of the politicians grabbing more and more political and police power over the people.

And, coinciding with the decline of critical thinking in America, the politicians’ minions in academia and the Press supported the ideas of deficit spending and promoting debts as a way to get out of recessions and depressions.

Reflecting the mental laziness reinforced by government schooling, it makes the unthinking academics and pundits feel good when they are relieved of having to make any effort in solving the problems that caused those recessions and depressions in the first place, and instead they can just get their monetary meds right away. (Hmmm. Can we get Big Pharma in on this?)

But these kinds of irresponsible, immediate gratification habits are like drug addictions, and like drug addicts the spending addicts put their entire family into the poor house. And this is what the power-grabbing politicians want, encouraging the people to then beg them for  more “easy money” and other wealth-redistribution schemes to bail them out.

As long as they are further enriched and empowered over others, the politicians and bureaucrats get what they crave with each new power-grabbing vote in Congress, just as the Fed’s manipulations empower the banksters to get new money to fund their bonuses while the politicians’ Fed-stimulated inflation steals even more from the people.

However, America’s immediate gratification society can be seen in other areas now. For example, the cops and prosecutors, and “national security” bureaucrats who get away with warrantless searches and stopping and frisking innocent people. Why wait for a judge to sign a warrant? That takes too long. They crave to do their searches immediately. And even when there’s no suspicion of specific individuals they want to search anyway. And why go through the trouble of coming across some actual individual who is suspicious to then do searches of his emails or phone records? Instead let’s search through and collect and keep a database of all Americans’ emails and phone records, and that way we can then find our needle in the haystack.

So that is a current example of the kind of immediate gratification mindset that Americans have developed in many areas of life — not just economic — over the past century, especially since the implementation of the income tax and the Federal Reserve System.

But such behaviors are those of irresponsibility, and only promote the satisfying of one’s immediate desires with total disregard for ethics and for the future (or for the rights of innocent people in the case of the “security” fanatics).

People want “easy money,” and they want it now. (Especially the banksters.) Don’t wait until you have enough money saved or have enough of an income to afford to buy a house — get a loan NOW and get a mortgage now anyway, and get that house. And spend as much as you can on your credit card, and put yourself in debt. Who cares about your family’s future, as long as you get that stuff you want now.

And the banksters want easy money and bailouts, because they know that regardless how irresponsible their lending practices and their investments are (with their customers‘ money, just as Congress is with taxpayers’ money), they are guaranteed by the government to be free from bankruptcy. And they will keep their jobs (while you lose yours).

You see, such a Keynesian mindset is especially thriving in those who want to have some central authority, the Fed or Congress, to act as “stimulator” of the population’s prosperity, and to dish out food stamps and other goodies, as well as artificially-stimulated interest rates and “easy money” (for the banksters).

Sadly, the masses are being fed the false belief that they are benefiting from these government bureaucrats and those monetary central planners like Helicopters Ben and Janet who hand out the easy money like candy.

But, as Lew Rockwell recently noted, it is the State and its agents who are enriching themselves at the expense of everyone else, while the advocates of freedom and independence, such as Ron Paul, are the ones who want the people liberated from the State’s tentacles and from its exploitation of the people’s labor and livelihoods.

It would be easier to get more people to see that, if only they could overcome their long-ingrained habits of short-sightedness, and their blind faith in the State as a savior.