What happened to the Fed's M3?
If one endorses small government and maximum liberty, one must support commodity money.
One of the strongest restraints against unnecessary war is a gold standard.
Deficit financing by government is severely restricted by sound money.
The harmful effects of the business cycle are virtually eliminated with an honest gold standard.
Saving and thrift are encouraged by a gold standard; and discouraged by paper money.
Price inflation, with generally rising price levels, is characteristic of paper money. Reports that the consumer price index and the producer price index are rising are distractions: the real cause of inflation is the Fed’s creation of new money.
Interest rate manipulation by central bank helps the rich, the banks, the government, and the politicians.
Paper money permits the regressive inflation tax to be passed off on the poor and the middle class.
Speculative financial bubbles are characteristic of paper money-- not gold.
Paper money encourages economic and political chaos, which subsequently causes a search for scapegoats rather than blaming the central bank.
Dangerous protectionist measures frequently are implemented to compensate for the dislocations caused by fiat money.
Paper money, inflation, and the conditions they create contribute to the problems of illegal immigration.
The value of gold is remarkably stable.
The dollar price of gold reflects dollar depreciation.
Holding gold helps preserve and store wealth, but technically gold is not a true investment.
Since 2001 the dollar has been devalued by 60%.
In 1934 FDR devalued the dollar by 41%.
In 1971 Nixon devalued the dollar by 7.9%.
In 1973 Nixon devalued the dollar by 10%.
One of the strongest restraints against unnecessary war is a gold standard.
Deficit financing by government is severely restricted by sound money.
The harmful effects of the business cycle are virtually eliminated with an honest gold standard.
Saving and thrift are encouraged by a gold standard; and discouraged by paper money.
Price inflation, with generally rising price levels, is characteristic of paper money. Reports that the consumer price index and the producer price index are rising are distractions: the real cause of inflation is the Fed’s creation of new money.
Interest rate manipulation by central bank helps the rich, the banks, the government, and the politicians.
Paper money permits the regressive inflation tax to be passed off on the poor and the middle class.
Speculative financial bubbles are characteristic of paper money-- not gold.
Paper money encourages economic and political chaos, which subsequently causes a search for scapegoats rather than blaming the central bank.
Dangerous protectionist measures frequently are implemented to compensate for the dislocations caused by fiat money.
Paper money, inflation, and the conditions they create contribute to the problems of illegal immigration.
The value of gold is remarkably stable.
The dollar price of gold reflects dollar depreciation.
Holding gold helps preserve and store wealth, but technically gold is not a true investment.
Since 2001 the dollar has been devalued by 60%.
In 1934 FDR devalued the dollar by 41%.
In 1971 Nixon devalued the dollar by 7.9%.
In 1973 Nixon devalued the dollar by 10%.
posted by Name Held by Request | 8:45 AM
2 Comments:
Inflation the word reminds me of flatulance. Yep some rich fat cat farting. Look at Ken Lay. That scum is still getting a trail! Enough let the lions eat him. Greed would be the reason for the paper monetary system. The entire history screw ups of our past do not equal what the freaks that are running our country have done since 2000. Such incompetance needs to be rewarded and remembered so that some dumb shit is not given the chance to screw this country up like this again.
"06/09/03: (PIPA) A striking finding in the new Program on International Policy Attitudes (PIPA) Knowledge Networks poll is that many Americans are unaware that weapons of mass destruction have not been found in Iraq. While 59% of those polled correctly said the US has not found Iraqi weapons of mass destruction, 41% said they believed that the US has found such weapons (34%) or were unsure (7%)."
http://www.informationclearinghouse.info/article3707.ht...
I have this theory that in the United States there is a 40% "stupidity barrier" on virtually all issues of importance. That is to say, a baseline of about four in ten Americans have no fucking idea what's going on with any given subject. That does not prevent them from expressing their all so important uninformed opinion--certainly not.
That uninformed opinion can be carefully shaped with disinformation and propaganda, so that while the stupid American's opinion is still factually uninformed, it is effectively the opinion that the manipulator wishes the idiot to have.
Once you've got the loyalty of the idiots, it's difficult to lose, because the idiots are not particularly inclined to do the mental gymnastics necessary to change their minds.
To break through the 40% stupidity barrier, one must strongly and memorably touch the lives of the hopelessly clueless in a way which can easily be remembered. This is not easily achieved, for the hopelessly clueless have short and unreliable memories.
One of the greatest achievements of the Republican Party was the rediscovery of the idea that a combination of racism, bigotry, fear, greed, and envy was a powerful elixir which motivated a vast pool of stupid people who otherwise wouldn't be inclined to remember to vote on election day.
But a still more impressive achievement of the Bush Administration is the improbable feat of fucking up so bad that even the idiots notice. That's what they're doing right now: ruining the lives of people, one daft American at a time, so spectacularly that even they are changing their small minds. When you're burning off supporters who don't even really know why they supported you in the first place, you are truly and undenyably worthy of the monicker "Worst President Ever."
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