“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
Source: http://www.singleglobalcurrency.org/governments.html
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.
Ron Paul’s quote is taken way out of context. He is merely saying that a World Reserve Currency is only good if it is backed by Gold. He has said this in repeated interviews.
i think ron paul has made it clear he wants a world gold standard like the one we had that got us into the great depression, the same one which existed before 1913 and after 1913. a pure gold standard would cause massive deflation. he wants private banks to issue bank notes where the debt-based dollars are only partially backed by gold. ron paul is funded by the banking cartel, specificially peter thiel, and he wants what he constantly promotes, the old fraud, the gold standard. his school of economics, the austrian school of economics, is funded by the same people who funded the united nations and the world bank, the rockefeller foundation and william volker fund. ron paul is a puppet for the wants and desires of the world bank and united nations.
You’re absolutely right. Just the other day I wrote ‘Why the Bankers love Gold’ for Henry Makow’s site and my first reason was: Gold is de facto World Currency.
http://realcurrencies.wordpress.com/2011/12/27/why-bankers-love-gold/
Nice to see you fighting the good fight!
ron paul wants to privatize and deregulate everything. he wants the wealthy banking and corporate elite to monopolize the world. he just wants the feudalism more blatant, where people love their slavery and call it freedom. he wants the wealthy to monopolize the planet, steal all of god’s land and gold from the working class, and steal from the 6 billion working class with usury and rent. he doesn’t want the wealthy to pay taxes. he wants the working poor to pay usury to the bankers and rent to the private land barons. he wants to give the infrastructure the tax payers built to private corporations. he wants the corporations to be able to do any fraud they wish to do. ron paul is the same kind of man who george washington would slap his saber across his face. ron paul is one of the few men who would cause jesus to lose his temper and overturn his tables.
i should also add that gold was made with god’s labor. the gold is owned by god and according to the bible, he did not give ownership of it to anyone but rather you can only borrow it. you should have to pay rent to the public to use gold for your own private use since god declared in the bible that the profit of his labor is for all of his children.
you should be able to keep the fruits of your labor. god declared you should be able to keep the fruits of your toil.
you should not have to pay interest to bankers to use legal tender, whether backed by gold or not. that is called usury. it is a sin which even makes jesus lose his temper.
Hooke em horns? Get a clue! He is doing the “I Love You” sign. If it was the “baphomet” one, there would be NO thumb involved. Now Bill Maher….HE did the hook em horns! And in fairness to Maher (whom I am NOT fond of)…my PASTOR does the SAME hand signal whenever he says the number 2! Maybe Mahr is just using an normal hand gesture for him…maybe he giving the horns….who knows….the but one fro RP is “I Love You”….
he does it often, and many times he points with his finger with the up above and down below baphomet gesture when he does the horns. the up above and down below gesture is clearly baphomet, not asl.
sorry for letting you know that your golden bull is not who he appears. you shouldn’t worship false idols, especially those funded by bilderbergers, the rockefeller foundation, the william volker fund, george soros, and the church of scientology. i can’t directly prove the last two with links, except i know first-hand that soros and the church of scientology funds libertarian party activities.
you obviously don’t know who invented American Sign language and her ties to Madam Blavatsky,Theosophy,Lucifer,UN, Alice Bailey,the “I love you” sign =Baphomet,the NWO…Rand Paul and Ayn Rand,Ron Paul and Rosicrucians and Crescent…
Twist his words to sutisfy your disinformed mind.
perhaps you’re disinformed with slick funding from the rockefeller foundation and william volker fund. the gold standard he promotes is a world standard, a standard where the banks store a bunch of gold in a warehouse and create money as interest-bearing credit with 1 out of 9 of those bank notes backed by gold. it is fractional reserve banking. it is what we have now, minus the gold stored in a warehouse. it is what we had when we had the great depression. it is what we had before 1913 and before 1776. ron paul’s promotion of deregulating the banking industry (along with newt gingrich and bill clinton) is what cause the last economic depression with the deregulation of financial derivatives. the banks had their artificially-created boom and are now have their artificially-created bust to grab assets, which is what they always do and what jefferson warned us about.
Ron Paul actually voted against Gramm-Leach-Bliley, which is what I assume this meandering post is talking about.
no, this article is not about the repeal of glass-steagall, though one point is that ron paul and those he represent among the various branding of the austrian school of economics, campaign against all forms of regulation.
this article is about how ron paul is a gate keeper, herding the masses into the austrian school of economics, a false paradigm of neofeudalism sold as classical liberalism. it is neofuedalism in that it treats money and land as commodities, which is more like marxism than classical liberalism.
i assume by your wrong assumption that you did not read the article because you assume you know everything and do not need to read anything unless it is published from sources which support the austrian school of economics. which is exactly my point. you’ve been brainwashed like a fascist into supporting whatever the fuhrer ron paul supports without even considering the points of the classical liberals.
thank you for being a good example.
i also believe gold should be taxed when it is dug out of the ground and sold since it is god’s gold. whoever buys the gold should have to compensate the public.
I agree. The same should go for oil. In my view, fundamental input commodities – like fossil fuels and metals – should be only be allowed to be extracted by non-profit organizations or by governments. Profit should accrue to labor and not rents, which includes the rent profit extracted from hoarders of undifferentiable goods necessary to most economic actors in our civilization. The unproductive entitlements of rent, interest, dividends and royalties are all a form of legalized crime, whereby one person puts up a LIMITED contribution for a certain equity and, in return, receives a potentially UNLIMITED payout, derived from the continual application of others’ labor to capital. This is immoral and usurious.
I am an immense fan of public or what you call “sovereign” currency. It is the most fundamental economic reform – the ability of sovereigns to issue their own debt at 0% interest. While I think you unfairly characterize Dr. Paul as a globalist – he wants a decentered globalism not a cartel-orchestrated global Fascist Corporatism, which is what the Neocons and the Democrats support – I have never approved of many of his economic views, except the idea abolishing the private criminal banking syndicate of the Fed. Reserve. However, I am not a fan of a commodity-backed currency and see that as promoting the same imperial tendencies that drive the Global North into imperialistic conquest of the Global South/Developing World in a quest for devalued natural resources and devalued labor.
Bullion accumulation was a prime motivator in 16th century European Imperialism, and oil is of course the prime motivator in 20th & 21st century US/UK/NATO Imperialism. Therefore, returning to bullion is not the right answer, vis-a-vis free trade based on international peace.
This notwithstanding, I think it would be helpful to realize that just because someone has a few views that support oligarchy, doesn’t mean all of the rest of their views are disinenuous. I believe Paul’s stringent quest to protect the Bill of Rights, end the Prison Industrial complex and the War on Drugs, reign in Executive privilege with constitutional limits, promote transparency at the Fed and in the Intel agencies and to dismantle our involvement in the internationalist imperialist bodies such as the IMF, World Bank, UN, NATO, TPP, ACTA, etc., etc., etc. is genuine. He just happens to be a mixed bag, but I don’t think it fair to say he’s some kind of arch-deceiver loyal opposition candidate.
the moneychangers have used every form of deception. they’ve funded ron paul to deceive you too from the truth. ron paul is a viper in the den and should be routed out.
We know all of the other candidates are even more fascistic and socialistic than Ron. So, who will you then vote for?
Hard commodities have always been the default currency of the world. How would this be any different?
I would like to have a candidate that would end war. Balance the budget. Protect the rights of the unborn.
End the fed. Let the banks create their own currencies, and watch them all flock to gold, silver, oil, land, agriculture… but mostly gold and silver
so they flock to gold and silver. and what do we use to pay off the national debt? tax the productive people who earned the gold and silver and give it to the bond holders of national debt and to the banks who produce nothing? the austrian school of economics was funded by the william volker fund and the rockefeller foundation, both of whom suck.
bill still is running for president as a libertarian. he already has votes promised by several delegates, on the same monetary and banking reform which i promote.
There was no gold standard before 1900. Until then, you could take any amount of gold OR silver to a US mint and they would mint it into coins for you. It was the money changers that said the gold standard would stabilize the economy, and it was the money changers that said years later that the gold standard was the problem and that abandoning it would stabilize the economy.
yes, you could take any amount of gold or silver you dug up or bought with bank notes and have it minted. so what is the point of having bank notes partially backed by gold or silver? my point is that we’ve always had fractional reserve banking and going on a pure gold or silver standard would result in massive deflation and transfer of wealth. the solution is to go on a public debt-free monetary system and make banking about savings, loans, and investments, not about banks making a profit through a giant ponzi scheme of usury by printing the money as interest-bearing debt. fractional reserve banking is evil and so is gold and silver as money. public debt-free money is not evil. in fact, it can even be used to pay off the national debt AND end income taxation without causing inflation if fractional reserve ratios were scaled back and the government printed debt-free money to replace the debt notes destroyed when principle is paid with debt-free notes which can be used to pay off the national debt and enter the money supply debt-free, freeing the tax payer of interest-bearing debt and freeing the productive members of the economy from interest-bearing money supply..
Please define “always” when you say, “We’ve always had fractional reserve banking”. Can you point me to the chapter and verse of the Bible ordaining paper money?
Do you even know what “money” is? Please provide a definition (this should be good).
the lost science of money by stephen zarlenga is probably the best history.
while there were times where debt-free notes like the continental and greenback existed, raw silver, gold, and other commodities circulated, various forms of debt-free scrip existed, and the government and colonies accepted such for payment of taxes, there were always banks who issued money as debt, whether based purely on banking law or partially backed by a commodity. 1913 wasn’t when the gold standard ended and pure debt notes began. 1913 was just a means for the big banks to make it more difficult for small banks to lend beyond their reserves. we went off the bi-metal standard and onto a gold standard in 1873. we went off the gold standard around 1935 since it caused the great depression. china was one of the few countries who weren’t affected by the great depression because they were still on a silver standard. canada and iceland went onto a public banking system in 1935 and didn’t come off it until the stagflation of the 70s when they both moved to a fractional reserve banking system.
money is a means of exchange. currency is commonly used money. legal tender is money used for the payment of taxes (and debt under a fractional reserve banking system). fiat money is money decreed by the king to be legal tender. legal tender is a legal instrument. if based on a commodity, the market in the commodity is corrupted and the values of the commodity are fictitious. if gold is declared legal tender, gold becomes worth more than it normally would be worth. coins are often even worth more than the commodity and in some cases worth less than the commodity.
“And Jesus went into the temple of God, and cast out all them that sold and bought in the temple, and overthrew the tables of the moneychangers.” — Matthew 21:12
“Thou shalt not lend upon usury (interest) to thy brother, interest on the money, or on anything that is lent with interest.” — Deuteronomy 23.19
“He that putteth not out his money to usury, nor taketh reward against the innocent, he that doeth these things shall never be moved.” — Psalm 15:5
hard currency is interest-bearing debt and economic rent paid to the commodity producer by the productive members of society who compete in the free market. the commodity producer doesn’t compete in the free market. the demand for the commodities are artificial. the state intervened and declared the commodity legal tender, creating artificial demand. the farmer and the tin man of industry are forced to pay the fruits of their labor to the gold miner and banker. and they don’t even gold for it. they merely get gold certificates, which they use to exchange the rest of their labor in the free market.
I think Thomas Edison summed it up best in a newspaper article he wrote…
“It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens the usurer, and the other helps the people. If the currency issued by the Government were no good, then the bonds issued would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges at the hands of men who control the fictitious values of gold.” — Thomas Edison
Even Einstein understood it after he learned a great deal from Henry George…
“The gold standard has, in my opinion, the serious disadvantage that a shortage in the supply of gold automatically leads to a contraction of credit and also of the amount of currency in circulation, to which contraction prices and wages cannot adjust themselves sufficiently quickly.” — Einstein
When great men of science and the Bible agree, you probably should try to do some real learning rather than read propaganda from an economic school funded by the Rockefeller Foundation. Even Winston Churchill, John Locke, Chief Seattle, and the Bible agree that landed property is sacred and different from other forms of property. The Austrian Cult of Economics even admits they are not based on an empirical science but rather the “deductive logic” of “praxeology”, or a bunch of charlatans feeding you a bunch of bullshit based on circular arguments, shielding itself from history and fact which challenge their theory, a lot like a cult religion.
the austrian cult of economics likes to declare that inflation is theft, but they never mention that deflation is a worst and more destructive form of theft. ideally, there should be no inflation or deflation. however, inflation (or increasing the money supply) is necessary to allow the economy to grow (whenever a person is added to a society, you need more money for that person to enter the economy — among other reasons why you need to add to the money supply, such as decreased velocity due to wealth concentration and increased velocity — more people making more economic trades, new goods and services, increased productivity, more efficient use of land and natural resources). the amount lost through inflation is small except for those who put a bunch of the currency losing value under a mattress for a long time. inflation also encourages investment, production, and efficiency. consider inflation the cost or interest payment owed for not completing an economic transaction.
deflation on the other hand robs everyone, especially the poor. debts become more expensive, causing bankruptcy. production, investment, and efficiency is discouraged since the inputs to production cost more than the outputs of production. it is better to sit on the cash increasing in value than to use it. those who hold the cash steal from those who don’t hold cash but who hold something else of value. when your gold as money increases in value, you’re stealing a lunch from someone else who doesn’t have gold but who must work for a living. as your gold fiat increases in value, a farmer’s tools, seeds, and crops are decreasing in value. empirical evidence supports what i say. the dollar increased in value during the great depression. it is called deflation. less money means the money is worth more. less money means less people who can work and earn a living. less money means less economic trades. as your gold decreed by the king to be money increases artificially in value because it was decreed by the king to be money, someone else has their property and fruits of their labor decrease in value. you’re literally stealing a person’s job and tools out of their hands, their home under their feet, and the food out of the mouth with the gold standard. you’re even stealing the gold out of their hands because there will be less of it to go around because the bank will have a big warehouse of it and your children will have to borrow it at interest to live and work.
fractional reserve banking, whether based on pure debt or a commodity, and pure commodity money, is prone to both inflation and deflation, especially in a “free market” of money, which the rockefeller foundation libertarians also like to promote when their gold standard is blown out of the water with empirical evidence that it caused the great depression. the rockefeller foundation libertarians would create greater amounts of theft and boom/busts. allowing the banks greater freedom allows them to create greater booms and busts, as recent history as shown with the financial derivatives crisis. the empirical evidence has shown that deregulation of banking is bad. that could be why the u.s. constitution gave congress the explicit imperative, the duty, to issue the money and regulate the value, and why the founding fathers believed it was the supreme duty.
and i haven’t even gotten into how land and natural resources is different from developed land and natural resources. when undeveloped land (and natural resource) values increase, it is unearned wealth. that profit belongs to the community, not the individual who holds title to it. earned wealth comes from labor and the labor involved in producing capital (making tools and machines, getting an education, organizing a business). land (and natural resources) are not capital. it is common wealth held in common by all. money is the same. money is a creature of law. the value of money is common wealth held in common by all. money is not capital. money is not a service. the value of money is not based on the labor of bank of america typing in a keyboard to create it and loan it at interest to you. the value is based on the government declaring it to be legal tender and how much of it is in circulation. it isn’t what backs the dollar. it is the quantity in circulation which matters.
Read a book written before the Federal Reserve was created. Put down the Rockefeller Foundation Kool-Aid. You’re being spoon-fed highly-crafted and highly-funded lies by people who created the federal reserve (oh, the irony), who want to own the world plus five percent, who want to monopolize and enslave the planet, who own most of the gold and land, who write the laws, who believe competition is a sin. Get a real and diverse economic education. Think. Learn.
you should read the history of the u.s. dollar to see how often the government interfered with gold markets in order to have gold as legal tender. gold was no longer legal tender for payment of debt after the great depression. you could still use gold notes to pay your taxes and redeem your gold notes for gold until nixon. however, nobody used gold notes when the banks were banned from accepting them for payment of debts, except as necessary for international exchanges.
90% of what your saying is just not true. You have twisted Many of the things Paul talks about and made assumptions and your bizarre interpretations. The real question is who are you working for? This is a hit piece if I ever saw it. Divide and conquer!!!! You can’t stop it. Ron Paul is going to win.
you have a serious case of denial. i’m not the one on bilderberg media with bilderberg money. ron paul is. everything i say about ron paul here is easily verified fact from self-incriminating sources. there is more i know to be true that i don’t mention because i can’t source it.
libertyrevival.wordpress.com has no money behind it. i didn’t even spend the money to register a domain. i don’t advertise. i don’t get promoted though some people out there do actively try to send traffic here because they were awakened to certain economic truths and the obvious promotion of ron paul by the bilderberg media. warning the hopelessly brainwashed and cheerleaders of a benedict arnold is a bit futile because most people don’t have the intelligence to admit when they were wrong and fooled. however, i do it because there are people who do have the ability because they seek truth, and i wanted to let them know they aren’t alone. there are several people out there who do understand the truth.
“…the obvious promotion of Ron Paul by the Bilderberg media” LMAO. Yea, RP is the media darling. Ha.
he is recognized and on the stage. he is a gate keeper, catching the stray sheep, and herding them into a false neo-liberalism funded by the rockefeller foundation.
You haven’t made a case. It’s all based on conjecture, misinterpretation, prejudice. muddled thinking, and stupidity (quite frankly).
Try harder next time.
Your grade: FAIL.
the only case you made was the case you have the mentality of a 12 year old, mr. “fudpacker@hotmail.com”
I’ve downgraded you to an F-.
Austrian economic theory, while perhaps not perfect, has been empirically demonstrated to most accurately explain interactions in the human ecology. Your obvious lack of understanding is based on what you have selectively decided is “Austrian economics”, which is really just a weak assemblage of conjecture, assertion, and allusion to peripheral individuals who have nothing to do with the theory itself. Your grasp of history is weak at best. For example, your assertion regarding the Founding Fathers is laughable. What evidence do you have that they would “not support” ASE?
Ultimately, you are attempting to argue against nature. You’d probably have an easier time arguing that the Sun revolves around Earth. Want to give it a shot? I’ll grade you.
Quick question: what does publicly posting my e-mail address accomplish for you? Are you intending for my inbox to be filled with replies from your legion of minions, I guess? Pretty childish. It roughly translate to, “I don’t have a good argument, so in spite I will post your e-mail address in the hopes that Bad Things happen to you.”
Ok, I can play that game: You look like a total douche in your photo. Immaturity is fun! WHEEEEEEEEEE!!!
can you point me to the numbers where deregulation of banking has helped the economy?
First off let me say I am a huge Ron Paul fan. Next, let me say that it is actually refreshing to see someone so passionately challenge his ideas, as it encourages debate and thought and perhaps can bring us to an even greater understanding, and at the very least has made me reflect hard on the ideals that make me believe in Ron Paul’s message.
I may not be understanding what a public debt-free moneytary system exactly entails, but as I understand it is essentially fiat currency that is not given as debt with interest to be paid back (please explain this to me better if I am misunderstanding) and ideally this would be done through a true national bank as opposed to the fake federal reserve? If this is the case than wouldn’t we still find ourselves in essentially a similar predicament? With the ability to create money, even debt-free money, wouldn’t we be at risk of creating similar inflationary bubbles that we see today?
As I understand it the idea of tying money to a hard commodity forces the markets to re balance. As you have stated, this would lead to deflation at first, but this isn’t this a necessary correction for the market? Aren’t the markets radically distorted at the moment due to unethical market manipulations ultimately allowed through the private control of currencies which can be artificially controlled? Government is not inherently any better than private business, in fact it is typical much more inefficient and incapable. We have seen that Government does not play fair, so how does handing the money creation process over to Government provide a concrete solution to anything?
The global markets are extremely out of balance and need to normalize, Ron Paul seems to have a plan to allow this to happen. It is something that needs to happen, Yes it is going to be painful, but it is something that needs to be done, and the longer it is forestalled the more painful it will become.
Respectfully,
-Shizzy
the government declaring gold to be legal tender is a corruption of the free market. it corrupts valuation of gold. if you don’t want to corrupt markets, you’d have the government create their own currency for paying taxes.
Your wrong about when we went off the gold standard son… it wasn’t 1935, it was under Nixon in late 73′.
So no we didn’t go totally off the gold standard back then and war put countries back on the gold standard by ending the Great Depression. Your assertion of the gold standard “causing” the GD is just absurd… especially when you talk so much about the real culprits. (hint: begins with an F and ends with ED).
why don’t you educate me about what happened in 1935 and what happened in 1973, son. in 1935, you could no longer pay debts in gold (the banking system is tied to the monetary system). gold ceased to be commonly used in 1935, though you could still pay your taxes in gold and redeem your gold certificates for gold until nixon.
didn’t the gold standard cause the dollar to increase in value during the great depression? isn’t that typically the cause of economic depressions, lack of money supply, a/k/a deflation. also, could you also disclose how many ounces of gold you have and how many free lunches you will receive when government corrupts the free market by declaring gold to be money as the government and banks start hoarding it? if the bonds issued by government were good, so would the greenbacks issued by government be good. the difference is that one promises to fatten the usurer, the other promises to help the tax payer, the person who wishes to work a job and trade goods and services, and the common good. also, why do gold salesmen prefer to be paid in paper? why not accept payment in gold? you’re free to use gold as money now in the free market with gold values uncorrupted by government, but you don’t. why?
We do not need to pay off the debt. The federal reserve banks created the money (reserve notes) Let the Fed banks stand behind it. They printed it and purchased it on their own let them hang for it on their own. They want to live by fire they can die by it.
If we tax gold when mined, who gets the taxes, the same banking interests we pay are taxes to now, those who you claim to be against? Or as you say if it is Gods gold, how about we just toss it up in the air and let God keep what he wants.
nobody is stopping you from buying gold uncorrupted by governments now in the free market, but you should have to pay the public rent for it. i suggest the tax money on god’s wealth be spent to fund a citizen dividend, paid to every citizen. funding a citizen dividend is much better than paying some aristocrat interest on national debt. there are no plans to pay off the national debt. the aristocrats love collecting interest from the tax payer on it. if you hate inflation, consider it rent payment for holding onto the public’s legal paper rather than spending it. deflation is theft. watching your money go up in value by doing nothing is theft. you’re stealing a free lunch on the commodity government declared to be legal tender. you promote the government corrupting free markets. the gold standard is communism for the wealthy. how dare you call yourselves libertarians. if the money is a true greenback, inflation is corrected by economic growth, population growth, export of dollars, and immigration. inflation not only encourages economic growth, it is necessary for economic growth. under a gold standard or debt-based currency, inflation is corrected with a bust when the interest on the money supply exceeds economic growth. that is why they call it a credit expansion and contraction, since credit determines money supply. your debt-based and rent-based money supply is the cause of the boom/bust cycle.
Bullcrap as usual.
I find this article quite interesting. All central banks are now rapidly buying gold, are they preparing for a Global Gold Standard?. Please provide links to educate myself about debt free money and how it actually works through the banks.
there is the lost of science of money by stephen zarlenga, web of debt by ellen brown, the secret of oz by bill still, and the money masters by bill still. there are a growing number of documentaries and books on the subject. it is hard for me to keep up with them. most important is to think and discuss the issues.
i hope they aren’t preparing for a return to a gold standard. i pray that ron paul doesn’t get elected.
under a debt-free or 100% reserve banking system, the banks are not allowed to create money as interest-bearing debt. they have to loan existing money. zarlenga’s plan creates a centralized reserve from which the banks may loan in addition to actual reserves held by the bank. lincoln’s greenback wasn’t completely debt-free. the banks could still a use a restricted and limited 1:3 reserve ratio, though less than the standard 1:9 ratio of other legal tender.
the banks could still loan the same amount, just their profit margins would not look as good on paper nor would there be the same built-in demand for credit. the banks would most importantly lose their incidental control of the money supply. the zarlenga plan would still give the banks some reasonable profit margin. however, it would limit the ability of the banks to manipulate the value of the currency through credit expansion and credit contraction. if the banks do not lend, the government can always print and spend to correct a credit crunch. the banks would be limited in their ability to over-extend credit since they would be limited to the amount available in the centralized reserve and would be less able to engage in a credit crunch since centralized reserves would be made available to competing banks.
the debt-free public money can be used to pay off the national debt as fractional reserve banking is ended since the government would have to issue debt-free dollars to replace money supply issued as bank credit. the amount required is large enough to retire the national debt as bank credit is retired. there would be enough to also fund government without income taxation, especially since we’d no longer owe interest on national debt.
some austrian economists will falsely claim that you would need an income to regulate the value of a debt-free currency. this is not true. if the government declares it legal tender for any tax, not just income taxation, and most importantly, for payment of debts, the currency would be highly demanded, and thus, would not devalue due to lack of demand because people aren’t required to pay income taxes with the legal tender. some will read more into this claim stating a variety of myths, like that money has to be backed by some kind of value, like gold or labor, and that the government will print excessively. first, the money is given value by being legal tender and the quantity in circulation. the government is actually creating and manipulating markets to have it backed by a commodity, and the legal tender is rarely true to the value of the commodity itself. the history of government doing so is long and has a very unstable history not free from the corruption proponents claim. the government will not print excessively either since the same forces which lobby for wasteful spending for the purpose of printing interest-bearing debt today would lobby against wasteful spending if it resulted in inflation and no interest-bearing debt. also, the harm if government did print excessively, it would be much less harmful than a credit expansion followed by credit contraction (boom/bust cycle). actually, the government would need to print in excess so that the economy can grow and meet the demands of the population using the currency. also, the fruits of funding government labor without taxation is sufficient backing of labor. the creation of money supply should benefit the tax payer who gives money value, not the usurer or the gold miner who steal the value from those who labor and give money value.
the dynamics of banking would change. the supply and demand of cash deposits and corporate bonds would increase with the elimination of treasury bonds and fractional reserve banking. investment banking and credit unions would become more important in the supply and demand of credit for corporations, small businesses, and individuals. banking would become more honest and sound.
To whomever is driving traffic to this article, keep it up. I added more content for you. We just might reform the Libertarian Party with the hard work of the Real Libertarians and Georgists and take it back from the Rockefeller Foundation’s Austrian Cult of Economics.
Hi, can you follow up more on Andrew Rohkols question of “With the ability to create money, even debt-free money, wouldn’t we be at risk of creating similar inflationary bubbles that we see today?” You make a great argument and I am trying to further understand this concept. Thanks
the basics first…
inflation means the dollar loses value.
if you expand the money supply, you get inflation.
if the population shrinks, you get inflation.
if economic velocity increase, you get inflation.
inflation allows employment (wages) and prices to increase.
inflation encourages investment, spending, and borrowing.
inflation is necessary for economic growth and job creation and encourages economic growth and job creation.
deflation means the dollar gains in value.
if you contract the money supply, get get deflation.
if the population grows, you get deflation.
if economic transactions slow (wealth concentrates), you get deflation.
deflation causes unemployment (wages) and prices to fall.
deflation encourages one to save instead of invest or spend.
deflation causes production to come to a halt since it is better to do nothing than plant a crop.
stagflation is like deflation except international trade causes commodity prices to increase while unemployment (wages) and domestic prices (land, service industry) to fall.
under our current system, money enters the system as credit or debt. when credit expands, the money supply increases. when the banks stop lending, the money supply contracts. inflationary bubbles resulting from the expansion of bank credit like in our current system eventually ends in a credit contraction, which causes deflation. this is called the boom/bust or business cycle. in our modern economy, we usually see stagflation instead of deflation because of foreign trade, which usually just hurts the working class rather than the wealthy.
under a 100% reserve debt-free system, you normally don’t encounter deflation or stagflation because credit markets don’t affect money supply. if you do encounter deflation or stagflation, the government can simply print money and spend it into circulation. the only danger is excessive inflation, though wealthy interests would lobby against such actions.
removing credit from the equation of money supply and allowing government to print the money supply rather than borrow it simplifies things a lot. it also means the people and the government don’t owe interest on the money supply to the banks. our current banking and monetary system is really a ponzi scheme. debt has to grow exponentially to keep the economy functioning since we don’t have the ability to pay interest on the current debt unless we go further into debt.
bankers and landlords are the root of economic injustice. considering bankers are also the primary landlord, bankers are the root of economic injustice, and some will say the root of all evil.
The great depression was not caused by the gold standard but rather the bursting of the bubble caused by the reckless expansion of the money supply:
http://mises.org/daily/3515
Indeed the housing bubble is caused by the same thing by the near-zero interest rate of the federal reserve that caused the reckless credit expansion and caused the 2008 financial crisis along with the derivatives that the banks got the government to sign on to. Which without government help would have punished the banks for those derivatives. But now the taxpayers have to foot the bill
Deregulation is a good thing if it is not selectively enforced as often is as are regulations due to the facts that the banksters and big biz have lobbyists making friends in washington.
The monopoly problem that we have is not caused by deregulation but too much regulation which helps protect big business from its competition as it can either afford those regulations while small businesses can’t or it is exempt. The free market on the other hand with no government interference do not cause monopoly:
http://mises.org/daily/2317
http://mises.org/daily/5645
the credit was backed by gold, which is proof that it really doesn’t matter what backs the money but the quantity circulating.
Indeed, it’s just insane that the Mises clan can spout this kind of nonsense unchallenged.
One thing that you fail to mention is Ron Paul is for compeating currencies to ease deflation and to promote a true “free market” People need to state all the facts. To say he is trying to deflate all the money is a lie. When you say he learned from a rockafellar school or is donated by a bilderburg member doesnt mean he is not his own man and lives by his own merits. I agree it is bad to worship another and i do not,but i also do not think Ron Paul is going to save the world, but reading his books and listening to his speeches I think he is more of a prophet trying to enlighten mankind not to enslave them.
ron paul promotes the idea of “free market” currency and the gold standard. it is quite common for trained charlatans of the austrian school of economics to switch to this idea of “free market” currency when the gold standard is thoroughly debunked and the five general different ways to implement it. the sixth is by way of “free market” currency, where the government selects one or more currencies or commodities to accept as legal tender (which means there is no such thing as “free market” currency if the government is still selecting winners and losers), which for ron paul naturally means gold and silver. while silver would add significant money supply, there are still several of the same issues, such as the corruption of commodity markets and the gold and silver mine owner stealing wealth through monetary expansion, and the issue of money markets between the competing currencies leaving some inflationary and some deflationary. since you’re mixing commodity markets with legal tender, creating artificial values for such commodities as gold and silver, banks hoard gold while they issue silver notes. the wealthy profit off one while the the banks steal from those holding the inflationary currency. bimetalism is a scam where the wealthy get richer at the expense of the poor getting poorer. if you add more currencies, it leads to inflation and a very volatile situation where the government is changing monetary policy every few years to adjust to market conditions, leaving much room for corruption. all this makes debating the advocates for a return gold standard slippery since you have to debunk both.
[...] Ron Paul is not the man Patriots think he is. In 2001, he said, 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 http://libertyrevival.wordpress.com/2010/06/23/ron-paul-supports-globalization-and-one-world-currenc… [...]
Here is the full quote, unedited, in it’s proper context which was easy enough to find:
http://paul.house.gov/index.php?option=com_content&task=view&id=425&Itemid=60
“There’s nothing to fear from globalism, free trade and a single worldwide currency. But a globalism where free trade is competitively subsidized by each nation, a continuous trade war is dictated by the WTO, and the single currency is pure fiat, fear is justified. That type of globalism is destined to collapse into economic despair, inflationism and protectionism, and managed by resurgent militant nationalism.”
Shame on this blogger and Henry Makow for lying by ommission.
there was no lie by ommission. the part left out was clearly indicated, and the part left out has no relevance to the the full context that ron paul wants the old one world currency, gold.
calling someone a liar when they are not lying just makes you seem pathetic that you can’t accept the reality that the austrian school of economics is a funded fraud, corrupting understanding of classical liberalism with a false neo-liberalism, while it promotes the classical conservatism of going back on king george’s world gold standard.
I and all my family were once huge fans for Ron Paul. He got our votes in ’08 plus a good chunk of change through his never-ending money bombs. Not any more. We wised up when we realized he wants to de-regulate everything and cut social programs for the poorest of the poor. The man has no heart, no compassion for those who fall through the cracks. But that’s true of almost all politicians now days it seems.
Thank you for all you do. I agree with most everything you’ve posted except I’m not to sure about Bill Still. In his first debate, he wasn’t even sure if he would repeal the patriot act. So he can’t be much of a libertarian either.
i agree that he didn’t do too well in the debate. however, i think bill still is very important in that he is a popular libertarian who rejects the gold standard and “free banking” legal tender. it is a positive step in breaking the strangle hold the austrian school of economics has on libertarianism. members of the libertarian party need to know that a lot of libertarians do not support the austrian school of economics.
i wish dan sullivan would run for president. he has strong principles and has a talent in communicating such principles in a clear and convincing manner. there a lot of georgists, mostly thanks to dan’s leadership, who believe in soft currency in the libertarian party.
Pay off the national debt? Debt to who? The bankers? We would simply cancel all debts owed the bankers, arrest and execute the traitors. There is no need to pay off the debt created out of fraud. Simply start over.
there are a lot of private holders of national debt who earned their income. there is no need to bankrupt against the holders of national debt. we can cancel the debt held by the federal reserve, which amounted to about $5T when the national debt was $14T. this is the money the government has essentially printed out of nothing. we’d be really screwed up if the federal reserve sold all the national debt.
GREAT ARTICLE!!!!!!!!!!!!!!!!! Please see this one as well, and read the comments, especially the long one.
http://newagedeception.wordpress.com/2012/01/04/does-alex-jones-realise-he-is-fueling-the-new-age-movent/#comment-528
You lost me when you said that the gold standard caused the great depression. You obviously have a lot to learn about business cycles. The numbers clearly show banks inflating the money supply through fed policy. Then, a contraction in money supply in 29. Under the Gold standard advocated by austrians. there is no fractional reserve banking. In the 20′s, it was the fractional reserve banking and fed policy that created the inflation. Given the fact that it was Austrians that predicted the crash of ’08, obviously they have the ability to recognize business cycles, I cannot say the same for Keynesians.
pure gold standard is worse theft… you lost me when you suggested that we should buy and borrow gold at fictitiously high prices because the government requires taxes paid in gold… you also lost me when you suggested that we can guarantee there would be adequate supply of gold for americans to use it for trade without the theft of hyper-deflation. you’re like a typical austrian charlatan who can’t make up your mind what type of monetary system you want. you just want a monetary system where you can steal a free lunch with increasing values for gold. you’re a typical austrian commie.
i’m not a keynesian. i’m a georgist. georgists predicted the housing and credit crash with more accuracy and long before the year before the dow crash.
When did I suggest anything about the government? How on earth can you call an Austrian a “commie”? I will admit, I don’t know enough about what ever the hell you are advocating to call you names, but obviously you don’t understand Austrian methodology either (unless you somehow didn’t mean for your comment to sound like you were calling me a communist). Lets get this straight though, the gold standard did NOT cause the great depression. There may be flaws in the gold standard, but you cannot seriously blame hard money for an inflationary boom. I will also admit that I am only in my infancy of understanding this stuff, so don’t be a prick to people, you could completely turn them off from your ideas. Recommend some books, I’ll read them. If a person is not willing to question their beliefs then the beliefs are not worth having. How did you decide to become a “georgist”? If you are a person that is open to ideas and is simply seeking truth, then I can respect your conclusions. If, on the other hand you have only skimmed the surface of Austrian Economics then I would suggest to you that maybe you shouldn’t have such a hard-line opinion on it. Based on your term “austrian commie” I am a little skeptical of your overall scholarship on austrian theory. I could be wrong. I have only been studying it for about 3 years, so I am definitely not closed minded to other approaches to achieving a free society.
I can’t speak for Keith of course, don’t need to either, he’s quite capable handling that himself, but I can say it is very annoying for people talking from a Populist/Georgian perspective to see how Austrian Economics has completely subverted the Truth Movement.
The ascent of Paul is catastrophic.
Keith has a number of articles deconstructing Austrian Economics, you will see he is quite well versed in their paradigms. This one for instance:
http://libertyrevival.wordpress.com/2010/07/23/taking-aim-at-the-austrian-school-of-socialism/
They just suck, that’s the problem. What sucks even worse is that everybody has jumped the bandwagon and some people, including myself, are getting a little impatient with their antics.
You may want to read this for some more hardcore analysis of Austrian Economics, Socialism for the Rich, as Keith aptly named it. Including proof that it’s just another Mind Control operation.
http://realcurrencies.wordpress.com/2012/01/18/who-is-ed-griffin/
http://realcurrencies.wordpress.com/2012/01/04/austrian-economics-still-is-jewish-economics/
99.9% of austrian supporters are brainwashed and are pricks about their beliefs. i was one 10 years ago. i know how they think and know the only chance to get through to them is to point out the contradictions and hope they actually read and try to understand the paradoxes and contradictions about what they say rather than just propagandize about how freedumb is good and government is bad and how ron paul and gold is our lord and savior. they all share the same mind and it is frustrating and annoying to have conversation with such zombies, and i’ve had thousands of conversations to say that with statistical confidence.
wealth redistribution is communism. redistributing earned income through economic rent and usury on the legal tender to the non-producing rich who hold gold and land is communism. people don’t like ancient terms like feudalism so i decided to use a modern term to point out what austrian economics is.
classical liberals state that land, capital, and labor are the components of production, each with unique characteristics, with land in particular being the common wealth. mises, marx, mises consider all components to be equivalent to capital. it is unfortunate that the classical liberals did not make a distinction what money was, other than usury and that the banks chartered to originate such should be hated, that it was a unique component of production that was also the common wealth.
it is absurd that we pay taxes on our wages to those who hold national debt while we also pay interest in terms of inflation to the banks. it is absurd we pay interest on the legal paper the working class use to trade the fruits of their toil to the banks chartered by the government. it is especially absurd because we must also pay economic rent to the land owners, who own the land and natural resources, because they hold fiction written and enforced by government that they have exclusive title to such land and natural resources. unearned income should fund the government, not the usurer and land owner. it would be especially absurd if all taxes on land, natural resources, interest were repealed while we kept a “flat tax” where there is no observation whether the income was earned or not. it would be especially absurd if the working class must not only pay interest on gold, they must pay the owner of gold and gold miners fictitious prices on a rare commodity inflated in price by the actions of government accepting it as legal tender, and as the wealth concentrates and population grows, the people would also have their wealth stolen through deflation, especially the initial deflation as the government converts to a gold standard and the initial store of $445B in gold must grow to meet current obligations of existing money supply. inflation might be an ideal progressive tax which encourages production if origination of money supply actually funded the government rather than the usurer. however, gold supporters seem to ignore that deflation is a purely destructive theft where the idle rich gain wealth by doing nothing at the expense of everyone and anything of any value.
I read enough to volunteer my time and give over a thousand dollars to the Libertarian Party and their candidates even though I still wasn’t impressed with Human Action and the Ludwig von Mises Institute. I think I’ve literally paid my dues in terms of money and time to be hard-line critic. I actually would like a refund from the Libertarian Party for the fraud they push from the Rockefeller Foundation’s Austrian School of Economics.
“Georgist” is just a label which best sticks since they’re right on the major economic issues, though I do have some differences with mainline Georgism, and generally just consider myself to be part of a larger umbrella called classical liberalism, along the lines of a Thomas Paine or Thomas Jefferson in the embodiment of a classical progressive like Henry George or some intermediary like J.S. Mill. I agree with George on the fundamental issues, I just don’t necessarily believe his solution is a complete solution.
I do also consider myself a Libertarian. I just differ greatly with mainline Libertarians. I believe the mainline Libertarian solution is the wrong Libertarian solution and starts to become absurd and full of contradiction when it starts to get into the various right-wing schools of anarchy instead of having a natural law basis. Enforcement of criminal or contractual law is statist coercion. Title to land is statist coercion. Anarchy is coercion. Free market currency ceases to be free market currency when government accepts it for payment of taxes or debt chartered by government. The debate is not about the state vs. anarchy, it is about liberty vs. tyranny.
it is about cooperative individualism vs. coercive individualism, and georgists hold claim to cooperative individualism because georgists addresses land as the fundamental issue to cooperative individualism — if the right to land is not secured, you’re being coerced. voluntaryist may sound like it may mean cooperative individualism rather than coercive individualism, but it isn’t cooperative individualism because the school of the pretty word equates land to capital, and thus, it is coercive, since it does not secure the right of individuals to be given land as it does not secure the right of individuals to be given capital.
perhaps you may disagree that the land value tax would not be enough to secure the right to land though it would make it easier, and this is the area where myself as a georgist question whether a land value tax is enough and thus propose a citizen dividend funded with land rents so that one can afford land rents (can afford a minimum amount of land without having to work for someone else) while still allowing the free market to distribute land. you may question whether natural resources should have land rents when they sold or imported, and this is where i raise question as well. you may raise additional questions, such as the monetary question, which henry george did address, but did not necessarily push as being as fundamental as the land question, when he probably should have since you’d still need to pay your land rents in a currency, though i understand that if you were given land and didn’t have to pay land value taxes on it, you wouldn’t even need to use a currency if you could provide for yourself and barter.
voluntaryism in order to work correctly would need to be georgist (classical liberal). you would need to address the land question not as capital but as a fundamental right.
i should use the label geoism, the long-winded geolibertarianism, or perhaps classical liberal since georgism could be construed as strictly the henry george solution.
‘……when it starts to get into the various right-wing schools of anarchy instead of having a natural law basis. Enforcement of criminal or contractual law is statist coercion. Title to land is statist coercion. Anarchy is coercion. Free market currency ceases to be free market currency when government accepts it for payment of taxes or debt chartered by government. The debate is not about the state vs. anarchy, it is about liberty vs. tyranny.
Incredibly strong statement. Your matter of fact acceptance of Natural Law is very potent. I do have a major problem with state coercion, but Natural Law is indeed a given. If the State’s coercion is in line with Natural Law it is not wrong per se.
It’s basically a cliche, but one almost completely obliterated from our thinking.
“Free market currency ceases to be free market currency when government accepts it for payment of taxes or debt chartered by government.”
I agree, but would like to nuance it a little:
Not because I don’t realize the currencies accepted for taxes have a major advantage, but because it should not hinder us from assaulting the Money Power’s monopoly anyway.
The advantage Dollar/Euro has in being accepted for taxation is off set by their exorbitant cost.
However, when there comes a time when a free market for currencies (on an equitable, realistic basis) does develop, than the question which will and will not be accepted by the State will be a very important point.
“Not because I don’t realize the currencies accepted for taxes have a major advantage, but because it should not hinder us from assaulting the Money Power’s monopoly anyway.”
To clarify: by creating currencies NOW, not waiting for government reform, because that is a very uphill struggle, which does NOT mean the war shouldn’t be waged full throttle at front also.
Keep in mind that in a full reserve system it is also very simple to manipulate the volume.
If you own a lot of gold that is.
There is every reason to assume that Gold is completely controlled. It has been for centuries.
Keith- I appreciate your view and I find your disarming of Ron Paul very interesting and enlightening. The past couple of years I have formulated an opinion that until last week was solid and in support of RP.
I must admit, I am lackluster in my ability to gather CONCRETE evidence with regards to our current economy vs. the economy and monetary system prior to 1913.
I despise sounding like a whiner, but it is difficult for me and others in my position of discovery and un-occulting to acquire the SOLID historical facts that lend themselves to the TRUTH. I find it very difficult to “fact check” anyone on the net and in some cases books. However, I give everyone with Trivium Logic space on my organic hard drive.
In my reasonably inept opinion, what is happening with the economy is akin to selling drugs on the street….Sleeping Sheep and Boiling Frogs have no idea where the drugs come from, who is profiting, who the middle men are, how it is regulated (who changes the rules and when) and if there is going to be any left for us (weather it is money or the drug).
Economics is also like THEORETICAL math. Reading about credit default swaps enables me to see that the monetary quandaries force economists to reinvent various aspects of how money is manipulated. For example Blythe Masters is credited with inventing credit default swaps however it appears that CDRs lacked the specific name in the early 90′s but were occurring PRIOR to her graduating high school and to the 1994 Exxon Valdez “bail out” (for lack of an educated word or phrase).
(R) Some say that deregulation started with clinton some say Reagan. Who the fk is right?
(R) Our economic history is MIRED by TIME and lost due to (i believe) global agendas and intentionally hidden or obscure facts. Do you agree or disagree and why? or is there literature you can point me to?
Any opinions I have formed have been shattered by people like you. I don’t jump into a pool unless I’ve tested the water and I don’t mean temperature. I want to know what toxic elements are there so that I can avoid or enjoy the perceived value of “taking a dip”.
In my quest for truth, I have listened to Alex Jones, Max Kaiser, G. Edward Griffin, W.G.Tarpley, Gerald Celente, Peter Schiff and their ilk for 3 years and have noted very disturbing conflicts too intricate for my mind to detail coherently.
(R) What is your opinion on G. Edward Griffin’s “Creature Form Jekyll Island”?
(R) What do you think of Webster Griffin Tarpley? He is the only one (of the above mentioned) that seems to share your view. Tarpley pointed to a speech of RP from March 13 2001 that you have given your opinion on and it matches Tarpley’s point for point. (He addressed this in his GCN radio broadcast (or itunes GCN podcast) Jan 13th 2012
I have read some of your posts and the same number of replies and will be looking into your suggested reading i.e. Bill Sill, Stephen Zarlenga and Ellen Brown.
(R) In your Aug 19th reply to RagaDagga’s Aug 18th remark i am left with a question: Is a “public debt-free monetary system” a “finite” system? in other words, is there a “pre-determined” or specific amount of money in circulation at any given time i.e. no more than “X” amount and no less than “X” amount? If not, how would more “debt free” money make its way into the economy?
There are 5 (R)s or “response requests” up there ^^^. I would greatly appreciate reading your views and any suggested material you feel like sharing.
Thanks for your valuable time I look forward to your response.
the corruption of economics by fred harrison and mason gaffney goes into some of the corruption of our understanding of classical liberalism.
a public debt-free solution would not have a predetermined amount in circulation. the congress would finance deficit spending through adding money to supply, meaning congress would set the inflation rate rather than grow interest-bearing national debt. inflation would be an ideal progress tax if it did benefit the public rather than the usurer. national debt is harmful to the tax payer and to the economy, since the interest is unearned wealth and being redistributed from the working class to the idle rich. the idle rich should put their wealth to work rather than collecting interest from the working class. as monetary units are exported, as the population grows, and as wealth accumulates and sits idle, you would need to add money into circulation to allow and encourage the economy to grow.
the money enters debt-free when the government creates the money and spends it into circulation. to end our current monetary system, the congress would have to create money and spend it into circulation as private debt is paid off to replace the money issued as debt with debt-free money. the best place to spend this money is to pay off the national debt and end the interest we pay on national debt. zarlenga’s bill also suggests funding a citizen dividend (to directly and evenly distribute the new money), spending on infrastructure, and/or a public option health insurance. the previous bond holders of national debt would redirect the money and put the money to better use in corporate bonds, municipal bonds, and cash deposits (for lending).
the words of the classical liberals and the bible are before 1913 and tend to be uncorrupted. there is a lot of paraphasing and false quotations, so you’d want to source them to make sure they are original. you can usually go to an archive of past presidents to verify quotes there.
griffin plagiarized and distorted the work of mullins. mullins was critical of the current system and a supporter of public debt-free legal tender. griffin took mullin’s arguments and twisted them for the gold standard. “g.e.” in “g.e. griffin” stands for “general electric.”
tarpley does not get to the core of the problem. the tarpley solution is to keep growing the money supply (and interest-bearing debt) through deficit spending on infrastructure which would directly create jobs, which is the correct solution if you don’t want to reform the monetary and banking system, but does not solve the original problem, money issued as debt.
I think you have probably studied the things that you believe, and believe them for good reason. There are scholars like Hans Hermann Hoppe that are extremely intelligent and well read on Austrian Economics as well. I simply hope for a day where we can, like George described, compare the ideas in a true setting. Unfortunately governments have claimed the right to rule basically all existing land, but if there was a day when voluntaryism and georgism could both exist simultaneously in different parts of the world we could finally see the benefits and flaws of each system. Then people could choose which societies they want to live in. Some people like a little statism, others prefer fully voluntary societies. I have no problem with what you are explaining here, as long as you don’t use force to coerce others into adopting your ideas (like modern democracy has done). I don’t believe there is any silver bullet for society because we are all different, however I think open immigration among peaceful societies could bring some very good things. At least we could finally get some real data instead of endless speculation. Plus, you could live in a society based on georgism, and I could live in a voluntaryist society.
I do believe there should be exceptions for LVT. The Amish and native reservations should be exempt.
Communes should be able to apply for exemptions if they are developed on land made virtually free by LVT and are operating like a non-profit organization of independent and autonomous people, like the Amish or native populations, and who are not operating as a cult where children are exploited.
I would like to know how a voluntaryist commune would deal with crimes. I guess that would require a little statism. I also suspect a voluntaryist commune would more operate like a local government, exempt from state and federal laws, or like a mini-nation, complete with their own rules, oops, i mean voluntary contracts. I assume with your land, you would start to plan production where Jack would own the farm land and John would own the planned urban development, because they were the ones who bought all the land, sub-divided the land, wrote the legal agreements, oops, i mean voluntary contracts, for residents, and applied for the exemption as a non-profit commune.
I seriously doubt voluntaryist would operate like geoanarchists. They would more operate for a tax shelter and to be able to write their own laws and collect their own taxes and land rents. I also fear the youth would have to work for the people with all the gold, land, and contracts before they could afford the toll to get out of the commune. Personally, I think we do need less federal government over state government and less state government over local government, but I don’t think that would require a voluntaryist government, that would just require a greater respect for the U.S. Constitution and down-sizing of the federal and state governments.
Your voluntary Libertopia is full of contradictions and paradoxes. You’ll still need a system of governance, and ultimately, you’d have to deal with the land question and come up with a stable monetary system. If you’re dealing with a small population and primitive way of life, you could probably wing it and say that Marty can have some of Jack’s land since John’s PUD is not agreeable. Hopefully, the commission for exchanging gold to trade outside of the commune won’t drag your economy and your trade will stay balanced. It is quite possible for a strong quarter to flood your domestic economy with gold and a weak quarter to cause your supply of gold to dwindle as individuals continue their imports. If your population grew, you’d have to better flesh out the monetary and land issue.
You could also turn it into a banana republic and let Nike have a large chunk of land to setup operations. Hopefully, you’ll setup that agreement by making Nike pay land rents to the public (to the citizens). That would probably make land still unaffordable since demand for your land would increase if all citizens were not also paying land rents to the public (to the citizens).
“I must admit, I am lackluster in my ability to gather CONCRETE evidence with regards to our current economy vs. the economy and monetary system prior to 1913.”
“(R) What is your opinion on G. Edward Griffin’s “Creature Form Jekyll Island”?”
I think you may wanna read this:
http://realcurrencies.wordpress.com/2012/01/18/who-is-ed-griffin/
Reblogged this on Recovering Austrians and commented:
This article by Keith Gardner is already a classic, including its find of Paul’s statement that Gold is de facto World Currency.
[...] is de facto World Currency. Ron Paul: “Commodity money if voluntarily and universally accepted could give us a single world currency requiring no money [...]
The title is wrong and misleading. He said “Globalism” and not “Globalization”.
Globalization operates through aggressive economic and political tactics to subjugate the economies and gov’ts of sovereign nations. Currency attacks, the IMF, etc.
Globalism is more about attitude and domestic policy showing respect to the rest of the world.
They are very, very different things
you’re a moron. globalization and globalism is the same thing. if the title was ron paul supports globalism and one world currency, the title would have the same meaning. there is nothing misleading about the title.
it is the same thing if to trade with the world you must follow the world’s gold standard. gold also has an artificial high price due to governments demanding it for use as sovereign currency, artificially devaluing sovereign currencies not based on the gold standard when they trade with other nations. if your nation has no gold, you have to be a slave to the nations who have gold and who can mine gold. the people of the nation can’t even use their own sovereign currency to trade among themselves since the commodity price of gold is made artificially high by nations using it as sovereign currency. a world gold standard is a corruption of free markets and subjugate nations without gold to global organizations like the imf.
a gold standard is state intervention in free markets. true libertarians believe state intervention in free markets is bad. ron paul is not a true libertarian. ron paul is a crony capitalist. ron paul wants people in debt to nation states, usurers, and land barons.
[...] is what gets me so worried. He has been calling for Gold as Currency for thirty years. He has said Gold is actually World Currency. He has called for an insane austerity drive, which cannot create anything but a deflationary [...]
The last election campaign in Miami some big Ron Paul signs went missing, the group sent out video of RP arriving at a local bar/restraunt area and asked supporters if they noticed what happened to the signs. When RP got out of white SUV he clearly did the hands of manuto sign not the deaf I love you sign, he flashed it to the crowd. When this was mentioned the video disappeared off the net. Why does Ron Paul never support 911 truth and flat out says he believes our govt had nothing to do with it, dont give me the bs that he has to say that to get elected. I think people want to hang on to the hope that ok the left and right are corrupt but they psychologically cant let go of the hope that at least we have RP right. If your a christian and really looking for the truth dont follow blindly any man at least research for yourself and see if what people are talking about could be true, another thing How come Anonymous videos get the mass crowds to chant ” WE ARE LEGION WE ARE MANY’ ???? Is it because the puppet masters delight in getting people who want their rights to call themselves demons while pretending to be leaders of a movement. Remember before they killed from 50 to 100 millions of Russians when the Schiff family help fund in communism, they organized the resistance to Bolshevick revolution got all their names and addresses and knew exactly where to come get them to kill or force them into the gulags for hard labor which killed them very fast. Research is the key. Do not be afraid to research. Dont you want to know the truth????
i suspect anonymous is funded either by black ops funding or the church of scientology. i suspect peter schiff is connected to the big banking families.
http://chasvoice.blogspot.com/2012/02/ron-paul-says-nein-to-lew-lehrman.html#axzz1mffmEdAL
@Keith Gardner everything you are saying about Ron Paul is true for the other candidates, Not Ron Paul. I don’t think anyone should be listening to you because you are taking what is negative about other candidates and pinning it to Ron Paul and it’s disgraceful.
When shit hits the fan you will know what you did and so will your followers and it will come back to bite you in the ass; I don’t care who you think is protecting you or what type of security you have, people like you will get what is coming to them.
Meanwhile I will continue to pray for a better world/humanity.
you obviously didn’t read or understand a single line in the article
Do you realise if you were a millionaire in the 1900′s and invested it all in gold, today you would be a BILLIONAIRE? Like Ron Paul held up the 1 oz of silver to Bernake and said this buys over 11 gallons of gasonline today, THAT is preservation of wealth.
if you like to preserve your wealth that way, buy some gold. gold is a commodity bought and sold in the free market. government has no business declaring gold to be money. that is a corruption of the free market. what ron paul promotes is a corruption of the free market. ron paul wants government to declare gold to be money, artificially increasing it’s valuation. ron paul is no champion of the free market.
Keith,
I respect you for putting so much effort into sharing your ideas and suggesting solutions. Having a measure of positive information and a limit on the fear-based news is also refreshing.
On the topic of Ron Paul; I ask that you consider something. Let’s assume that most of what you’ve presented regarding Paul’s benefactors, his ideas and his solutions is true. I would argue that it still doesn’t make a case that Paul is being deceptive.
Now, I can almost hear you thinking…”maybe he’s not deceiving his supporters, but all of the problems with his thinking and ideology remain.” I wouldn’t disagree with that logic. But my first point about Paul not being deceptive is critical. Before continuing down this path, I just want you to first consider how significant a factor being truthful is in your value system when judging politicians. For me, it’s a near requirement for consideration.
To continue, now consider what motivates Ron Paul. I look first at a politician’s apparent wealth and lifestyle when trying to determine motives for wonky logic or deception. In other words, are they a thief? Paul has demonstrated no visible signs of greed, from my view. He’s even acted in ways opposite that of the greedy by wearing modest clothing, refusing many benefits normally given to Congressmen and even mowing his own lawn.
Not many people know about the requirement that doctors in the US give 30% of their service away as charitable work. It’s part of the oath doctors “supposedly” take. Paul is one of the few that abides.
So, greed doesn’t seem to be motivating Paul. The next place I would look when sizing up politicians’ agendas is ideology. Frankly, some people have twisted ideologies born from experience or other factors like denial or lack of empathy. I would put Bill Gates in this camp. Imagine believing you could be wrong after achieving what Bill Gates has. It would take integrity and honesty beyond what most can summon.
If I were to sum up Paul’s views, I would say he first believes in equality. That is likely foremost in his mind when considering any idea or issue. Secondly, it weighs so heavily in his rhetoric I must say abolishing the Federal Reserve is his next priority. Now things get complicated, but not by intent.
Ron Paul has said, when questioned specifically that he believes the ideal form of government is Voluntaryism. To me, this is a clear indication that he rejects the idea of government as a critical element of society. Voluntaryism doesn’t support forcing the will of the many on the individual. In that system, each person should agree to participate before being held responsible for any statutory aspect imposed by a society. So, I’d say personal responsibility (as unglamorous as that sounds) is Paul’s third tenet.
Honestly, Keith at this point I am left with only ignorance or misunderstanding as motivations for Paul’s overall platform. That is a distinct possibility, if we’ve ruled out greed and ideology. So, the questions might be…”is Ron Paul learned sufficiently in matters of finance, banking, governmental operations, markets and the like?” And next…”Does Ron Paul have a sufficient knowledge of the history of these matters and has he derived from history’s lessons a path to avoidance of the pitfalls, or is he misinterpreting these lessons?”
I’ll leave the answers to the reader. I hope this information has been helpful and gives food for thought.
it is quite possible that ron paul just has twisted logic and somehow believes deflation and the monopolization of the land isn’t theft. i just try to give ron paul the benefit of the doubt — that he is deceptive, not twisted.
This page is utter lunacy. Get a clue!
In my experience, people are usually guilty of what they accuse others. Not sure though if you’re a brainwashed lunatic or just ignorant. Perhaps you should read books and stop reading funded propoganda from the rockefeller foundation’s austrian school of economics and bilderberger peter thiel’s libertopia for gold traders, usurers, and land monopolists (land ownership is statism).