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9/6/2012: "Wenn wir beginnen würden, möchten die Probleme lösen, die mit der Finanzpolitik über die komfortabler bedeutet der Geldpolitik .. dann hätten wir ein Problem," sagt Herr Schaeble.
("If we were to begin to want to solve the problems of fiscal policy via the more comfortable means of monetary policy ... then we would have a problem," said Mr. Schaeuble)
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Russian De-dollarization: petrodollar, the beginning of the end?
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After World War I, American banks were the most solid, largest, and financially strongest in the world. Since 1933 with destructive federal governments and domestic gold confiscation and after 1971 during the US Dollar Reserve Currency years, the federal governments just before, during and after WWII have almost completely destroyed the value of the US Dollar!
The following excerpt is from an article which summarizes a study that concludes Gold Standard years were the most financialy stable years in USA and world history. Click here to read full article or, alternatively, here.
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Markets and countries enjoyed relative stability in gold-standard years, and capital in those years flowed to worthy growth-generating projects. The main sacrifice in gold regimes that the authors identify is that governments lose authority to micromanage domestic economies. But given governments' records, that may not be such a bad thing, either.
It all suggests that contempt for old gold hands such as Congressman Ron Paul of Texas might not be warranted. And that it might be interesting to peruse the numerous gold-related currency plans outside the door of the academic salon. Plenty of people, many former bankers, think it is time to pass laws returning the U.S. to some version, strong or weak, of the gold standard.
Lewis Lehrman, financier and founder of the Gilder-Lehrman Institute, which focuses on history, recently published a plan to take the world back to gold, "The True Gold Standard." Charles Kadlec, another former Wall Streeter, co-wrote his own proposal, "The 21st Century Gold Standard," with Ralph Benko. The case for gold as a mandatory metric for the Federal Reserve in setting interest rates is made in new legislation offered by Congressman Kevin Brady, another Republican from Texas. Dozens of state legislatures are introducing their own gold- or silver-related currency legislation.
One reason people slap the nut-case label on others with impunity is that for the past 30 or 40 years most economic education has systematically excluded the gold standard and its exponents from the classroom. It's easy to call something your professors never respected the work of a nut case. But it's also worthwhile to ask why the professors white out the gold standard from the books. Perhaps it is because the systems they raved about in their dissertations, systems of flexible exchange rates, subsequently underperformed.
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Ron Paul who should be nominated the LAST Federal Reserve chairman to oversee the dissolution of that US dollar-destructive body has clearly stated the cause of US and world financial crises since WWI. The Federal Reserve is merely a financial, "rubber bucks" producer for the federal government to SPEND and DESTROY the value of the dollar by fighting endless wars, weakening the Bill of Rights, and after destroying the economy of the USA, adding more and more dependent Americans to the government handout rolls. Dr. Paul has written a recent article titled Gold Is Good Money which explains why fiat money is not good money.
A recent article, dated May 6, 2012, at MoneyNews.com shows that the FED magically created (electronically - poof out-of-thin-air) enough "rubber bucks" to buy 61% of federal government debt which contiued the dollar-debasing flood of fiat paper money into the economy.
Read this to get factual commentary and the typical historical failures of fiat, paper money and FOUR ALTERNATIVES STORES OF VALUE (besides gold & silver).
Fiat Currency and the Emerging Police State
USD Devaluation
Singapore bank to Uncle Sam: ‘Stick it where the sun don’t shine…’
Also, Anders Borg, the Anti-Keynesian Supply Side Tax and Spending Cuts in Sweden Finance Minister proves the U.S. and Europe are making a huge mistake by printing "rubber bucks" and borrowing. The best way to stimulate any economy (contrary to the demagogue Nancy Pelosi's tripe about how supply-side doesn't work) is with SPENDING CUTS and TAX CUTS. For some REAL SPENDING CUTS, read this!
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July 7, 2014 by Bob Livingston
“The more power the government has, the greater the risk to the people and the more dangerous the abuse.”
Edmund Burke, 1771.
Big government is organized crime in all but name, and the man in the street is numb to the universal risk in today’s world.
Politicians and bureaucrats are spending the world into oblivion while secretly hoping and expecting to escape debt with depreciated dollars: yours. The public is unaware.
Note that your “elected” politicians never talk about the ongoing depreciation (inflation) of paper money (U.S. dollars). They don’t want you to think about this. They would rather you think about Donald Sterling and his frivolous racial comments.
But you should be on high alert. Liquidity is not only negative; it is at its most negative level in history. Are we facing the second Great Depression or worse?
For the third time in 14 years, U.S. stocks are in a bubble and far more leveraged than ever before. There are now more corporate bonds outstanding in the U.S. than there are mortgage-backed securities. This is significant, and the heart of the next crisis and the debt bubble will be non-financial corporate debt.
Investors beware! Stockholders beware!
Thanks to the Fed, it now seems that we have a bubble in all asset classes much larger than 2007. The Fed and other central banks with their expansionary monetary policies, all designed to boost asset prices, are similar to a juggler who is trying to keep all his balls in the air. The Big One is coming and there will be no place to hide except in very depressed gold stocks.
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Why Do We Need Term Limits?
John Adams said, “Without [term limits] every man in power becomes a ravenous beast of prey”. That being said, here are some of the reasons we believe our country needs Term Limits.
- Term Limits can help break the cycle of corruption in Congress. Case studies show that the longer an individual stays in office, the more likely they are to stop serving the public and begin serving their own interests.
- Term Limits will encourage regular citizens to run for office. Presently, there is a 94% re-election rate in the House and 83% in the Senate. Because of name recognition, and usually the advantage of money, it can be easy to stay in office. Without legitimate competition, what is the incentive for a member of Congress to serve the public? Furthermore, it is almost a lost cause for the average citizen to try to campaign against current members of Congress.
- Term Limits will break the power special interest groups have in Congress.
- Term Limits will force politicians to think about the impact of their legislation because they will be returning to their communities shortly to live under the laws they enacted.
- Term Limits will bring diversity of people and fresh ideas to Congress.
Term limits for lawmakers: when is enough, enough?
[Editor's Note: If you want to get rich, i.e. advance from a low paying government bureaucrat job on the local or state level, THEN GET ELECTED TO THE US CONGRESS (House or Senate). Once you're elected, it's easy to steal from your campaign contributions or the Congressional budget allocated to your seat and staff. You can go on a government-funded junket with 'lavishly' paid expenses. The list of ways to steal from the government while in office is inexhaustible. There are only a few Congressmen who left Congress just wealthy instead of a multi-millionaire. Of course, there are several who arrived in Congress as multi-millionaires and don't need to steal from the government.]
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