“There’s nothing to fear from globalism, free trade and a single worldwide currency…. The effort in recent decades to unify government surveillance over all world trade and international financial transactions through the UN, IMF, World Bank, WTO, ICC, the OECD, and the Bank of International Settlements can never substitute for a peaceful world based on true free trade, freedom of movement, a single but sound market currency, and voluntary contracts with private property rights…. The ultimate solution will only come with the rejection of fiat money worldwide, and a restoration of commodity money. Commodity money if voluntarily and universally accepted could give us a single world currency requiring no money managers, no manipulators orchestrating a man-made business cycle with rampant price inflation.” — Ron Paul, Congressional Record, March 13, 2001
You’ll also notice all the Paul Volcker quotes from the source. Many libertarians may be surprised to find that many of the “libertarian” economists were funded by the William Volker Fund and the Rockefeller Foundation. More information can be found direct from the source from Murray Rothbard’s biography of Ludwig von Mises and an article published at the Ludwig von Mises Institute.
“Many readers may be surprised to learn the extent to which the Graduate Institute and then Mises himself in the years immediately after he came to United States were kept afloat financially through generous grants from the Rockefeller Foundation. In fact, for the first years of Mises’s life in the United States, before his appointment as a visiting professor in the Graduate School of Business Administration at New York University (NYU) in 1945, he was almost totally dependent on annual research grants from the Rockefeller Foundation.” – Richard M. Ebeling, The Life and Works of Ludwig von Mises
This can also explain why Bilderberg attendee, Peter Thiel, donates heavily and donates more to Ron Paul and Rand Paul, and why Ron Paul partnered with a PNAC board member, Lewis Lehrman, to promote the world gold standard, the one that not only caused the Great Depression but which also collapsed the Rome Empire and sent us into the Dark Age of feudalism and serfdom. Lewis Lehrman also wrote the document, Money and the Coming World Order: The Creation of International Monetary Order, which is a revealing title for the chairman of PNAC, famous for their document, “Rebuilding America’s Defenses,” with the catalyst of “a new Pearl Harbor.”
Ron Paul has never advocated constitutional public debt-free notes, like George Washington’s Continental, which won the American Revolution, or Lincoln’s Greenback, which won the Civil War, because he knows they can be used to end national debt and income taxation. He promotes wealth-stealing and expensive hard currency and the even worse competing currencies, debunked by Adam Smith in 1776. There is nothing good about deflation. There is nothing good about the government intervening in commodity markets for precious metals by declaring them legal tender. There is nothing good about money absent of regulated value. The gold dollar gained in value during the Great Depression. People were thrown out of their homes and out of work as the wealthy sat on their gold as it increased in value, stealing a free lunch by state-granted privilege. The only nation to survive the Great Depression was China. They were not on a gold standard. They were on a silver standard. Bronze and silver coin built Rome. The gold standard destroyed Rome. Cheap money builds empires. Expensive money destroys them.
Deregulation of the banks allowed the banks to create the latest “business cycle” with financial derivatives. Ron Paul’s constant promotion for deregulation made the problem worse, allowing the banks more freedom to rapidly expand and contract the money supply and to divert the money overseas on money markets, causing commodity prices to increase while domestic prices, such as wages and land, to decrease.
“Free market” money and deregulation enables absolute manipulation and fraud, where the government is monetizing and demonetizing currencies and where bankers are inflating one currency while creating deflation in another currency, leading to the bankers and commodity traders getting richer at the expense of the poor. Declaring silver or other commodities or currencies, in addition to gold, as legal tender will still have the problems of government corrupting commodity markets and will only create more problems and more ways for the bankers to create monetary complexity and manipulate the value of the currencies. The problem, as it has been in most of our history, is that our money is the socialized “free market” currency, where both soft or hard money is created as interest-bearing bank credit through fractional reserve banking authorized by the Congress as acceptable public legal tender, rather than true public debt-free legal tender issued and regulated by the Congress. Sovereign debt-free legal tender is the only currency compatible with the free market and demands of the Bible and all five major religions of the world, that money should be free of usury.
An absolute hard currency would be just as destructive, wasting commodities, artificially increasing the value of the commodities as governments declare them legal tender, allowing the producer or owner of such commodities to steal wealth through the state granting fictitious demand for gold. Worse, an absolute hard currency would be deflationary, pushing people out of the economy and into economic stagnation, simply because there is not enough money to have them join the economy and because there is less risk in holding gold than producing. When gold as legal tender increases in value, it steals from the value of your capital goods, debt, and inventories.
Hard currency, “free market” currency, and “free banking” are not solutions which respect the free market. They are solutions which corrupt free markets to favor aristocrats with the force of government. The government corrupts free markets in the worst possible way when it declares such “free market” currency to be legal tender. The only true free market currency is when it is left in the free market uncorrupted by government. Gold and silver are already free market currencies because the government does not accept gold and silver for payment of taxes and because banks chartered by government do not accept gold or silver for payment of debts. It is Orwellian for so-called Libertarians like Ron Paul and the Austrian School of Economics to call something free market economics when it is a corruption of economics by the government in the worse possible way.
This is a common theme among Ron Paul and other supporters of the Austrian School of Economics. We see this theme again with land, with the government granting title to land and calling it “free market” economics or worse, anarcho-capitalism, when a main tenant of anarchy is that property is theft. The government granting and enforcing title to land is considered government intervention in free markets by true anarchists.
Ron Paul, like other mainstream Libertarians, never promote Georgism and the truth about the land question, except perhaps a rare mention by noted Georgists, like LP founder David Nolan. There is an intended blocking of economic truth and corruption of economics because Georgism debunks a large part of the banker-funded Austrian School of Economics, the other schools of neo-liberalism, and the Malthus scarcity theory. The Austrian School of Economics was funded by the aristocratic class who oppose classical liberalism and funded to oppose central ideas of classical liberalism and fundamental Biblical economics. All the classical liberals and even Milton Friedman understood the land question and supported land value tax as the best tax, not just to fund government but to prevent monopolization of land, the common wealth, to insure the Lockean Proviso that there is enough land left in common for others. All the classical liberals also opposed the taxation of wages as the Bible also opposes the direct taxation of toil. Ron Paul and the Austrian School of Economics promote flat taxation, on toil. They may claim they support no taxation, but they ignore the reality that taxation would be necessary for a minimum government and to pay off the national debt, especially if it increased because we converted existing monetary units to gold. The Founding Fathers would not support the Austrian School of Economics. They would vehemently oppose it since it was the economic policy of King George.
Murdoch, Rockefeller’s Chase Bank, and the Saudi royal family like to put Ron Paul on Fox News for a reason, to herd the stray sheep into a funded corruption of classical liberalism. Even if they criticize Ron Paul, often for the wrong reasons, they are solidifying his support. Bad press is good press for celebrities. It increases their popularity as people try to defend their favorite celebrity.
The neo-Libertarians and other “liberty activists” are no longer fighting the taxation of labor like the classical Libertarians, they are fighting the taxation of land, while they also promote the privatization of roads and public services. Then, you have people like Debra Medina partnering with neocon economists like Arthur Laffer, famous for the Laffer Curve, which is the economic theory behind supply-side and trickle-down economics, to promote tax-free land. Not only do they want to sell American land and roads to foreign nationals and corporations, they want to give it to them tax-free, going against the demands of the Bible that the land shall not be sold forever but leased from the public and that the profit of the land is for all.
Ron Paul and other neo-libertarians are promoting a return to the gold standard which caused the Great Depression, the deregulation of banking which caused the recent depression, and the austerity program of selling American infrastructure and land back to King George and the land barons, while ignoring the greater issue of the national debt and the trillion dollars Americans will pay in income taxes over the next two years to pay interest payments (tribute payments) to aristocrats holding national debt. The national debt would be impossible to pay off with gold and silver, while very easy to pay off, without taxation, with a sovereign debt-free legal tender. Ron Paul’s New World Order looks a lot like the Old World Order, which led to the American Revolution. Ron Paul looks a lot like Benedict Arnold when you examine him more closely. Jefferson warned us that Americans would wake up homeless on this continent first by inflation of cheap money and then by deflation of expensive money. Jefferson should have also mentioned that we would be literally homeless in our banana republic when the land is sold and monopolized by foreign nationals and corporations free of even taxation.
Hook ‘em horns, Ron Paul. I assume the other up-above and down-below Baphomet gestures and Illuminati handshakes Ron Paul gives in the video below indicate he wasn’t thinking about the Texas Longhorns. Ron Paul is no Christian. He cannot claim ignorance of the fundamental principles of economics taught in the Bible. He has been around too many Real Libertarians to know better. He is knowingly a wolf in sheep’s clothing, promoting economic policy in opposition to the Bible.
Real Libertarians support sovereign debt-free legal tender regulated by the Congress to fund the government and provide interest-free financing, untaxing labor and real capital, and taxing undeveloped land values. Royal Libertarians support the Old World Order’s crony capitalism of debt-based and commodity-based legal tender and tax-free land.
Real Libertarians support the separation of commodity markets and State. Real Libertarians do not want the State to corrupt gold markets by declaring it legal tender. Real Libertarians want to leave gold in the free market where they can buy it uncorrupted by the State to store their wealth. Real Libertarians want to use monetary expansion of the legal tender to fund the government rather than the usurer. Real Libertarians want to ban financing public debt with the sale interest-bearing bonds to aristocrats.
Royal Libertarians support the Old World Order of the Rothschild and King George gold standard. Royal Libertarians want the government to create artificially high prices for gold by declaring it legal tender. Royal Libertarians want such legal tender to be loaned at interest to the serfs to use in economic trade. Royal Libertarians want the government to borrow the gold at interest so that the serfs will be forced to pay tribute payments as income taxes to the aristocrats holding the bonds for the interest-bearing national debt. Royal Libertarians want to extract unearned interest from the serfs when it is the serfs (producers) who give value to the currency, not the bankers or gold miners. Royal Libertarians want to steal a free lunch from the producers in their sleep by merely holding the legal tender, watching it gain in value by the hand of the government and the hard work of the producers who are forced to use it because it is legal tender.
Title to land is state intervention, whereby the state grants privilege to use land to the wealthy. The land barons monopolize the land where nobody but the very wealthy can afford it, creating a system where the barons extract the unearned wealth of rent from the serfs and force them into slave wages. The land owner should pay rent on the undeveloped land value to the public for the privilege, preventing monopolization of land and extraction of unearned wealth through rent payments. If land rents are fully taxed, there would be virtually free land since land would not be monopolized and would be used efficiently. Use of collected land rents to fund a citizen dividend would guarantee that all could afford to own land and therefore, own the full fruits of their labor in the free market. The land owner should pay economic rent to the citizens while citizens should pay for the building on the land. The Founding Fathers understood this as Henry George and the Bible understood this. We have lost this understanding.
Real Libertarians support Georgist, Biblical, and classical liberal land value tax policy and land use policy. Royal Libertarians want to turn America into a banana republic by giving our roads and all of our land tax-free to the highest bidder. The Royal Libertarians want us to work for slave wages, live in slums, and turn us into tenant farmers.
Ron Paul is a Royal Libertarian. Ron Paul is the definition of the old world crony capitalism known as feudalism. In 1776, Americans fought the American Revolution against the system which Ron Paul promotes. Ron Paul wrote a book with a PNAC board member to promote the Old World Order’s one world currency, gold. Ron Paul is a Benedict Arnold of the highest order if he sincerely wants what he promotes. See Dan Sullivan’s “Are you a Real Libertarian or a Royal Libertarian” article for more information.