A few weeks ago, I wrote an article about Bitcoin — the new encrypted, peer-to-peer currency that has everyone buzzing. I’ve done some research since my initial post, and I have to say, I’m not as excited as I was. Read More…
If you haven’t already come across one of the multitudinous articles flooding the Internet these days about Bitcoin, I’ll enlighten you: Bitcoin is the first successful digital crypto-currency. It is the first viable threat to monopolistic, uncompetitive government-issued money. And it is proliferating. Read More…
It’s not enough to simply impede raising the debt limit; if critically minded free-market politicians in Washington really want to affect change, they will do everything in their power to make certain the United States Government defaults on its debt. Read More…
At what point did the U.S. President stop asking permission to go to war from Congress, and simply decide it was his prerogative to do so?
This is no longer a constitutional democracy. If you believe it is, you are deluding yourself.
If all the neighbors on your street got together and voted to take your car away from you and give it to someone else — against your will — how would you feel?
Think about it.
A gold currency would restore economic stability and growth. It would eliminate unemployment. It would force government to spend only what it can collect in taxes. It would rein in the welfare state and the warfare state. It would give the people control of money again. It would restore what we used to call freedom, which is a core of social and civic life that is impenetrable and inaccessible to government planners.
Just TRY to leave out energy and food… just try…
Your government would have you believe that prices — on the whole — declined for most of 2009, and have been increasing at only a snail’s pace since. The metric the government uses for determining this aggregate rate of change is the consumer price index — or the CPI.
And, as usual, your government is lying to you. Read More…
The United States is a nation full of spoiled brats. If we can’t have what we want, we borrow it. And if we can’t borrow it, we force politicians to give it to us. Read More…
This is a great article from the Mises Institute today, regarding the failure of Iceland’s currency, why it happend, and how it will ultimately happen to all fiat currencies (including the almighty dollar). Here’s an excerpt:
“As Richard Cantillon noted in his Essay on Economic Theory, enslaved humans usually produce for their masters about half the amount of finished goods that freed slaves produce for themselves. The great trick of the world’s elite may therefore have been to yoke the rest of us into debt slavery, without us realizing it, to feed their insatiable greed for power over the rest of us and to extract wealth from the rest of us, thereby avoiding Cantillon’s half-production trap, and thereby avoiding the need for they themselves to be in any way useful to anyone else.”
Disclosures: Paco is long gold and oil, and short Treasuries — all through leveraged ETFs.
Inflationary price increases are not coming. They’re already here.
The Fed wants you to believe that we are still experiencing falling prices, but the Fed also wants to tell you that food (commodities) and energy don’t count. The Fed is lying to you. Read More…
Virginia Explores Adoption of State Currency in Event of Federal Reserve Collapse and Depression – (Smart Economy – February 24, 2011) – Thanks to John Quackenboss for the link.
February 24, 2011
When will the Recession End ? part 175 State of Virginia explores adoption of state currency in event of Federal Reserve collapse and Depression
HOUSE JOINT RESOLUTION NO. 557 Offered January 12, 2011 Prefiled January 5, 2011