Bernanke is accurate. Paper money is passe. The Fed creates electronic money.
Cain is starting to stink.. badly..
SECOND presidential bid? When was the first one? The only other office he ran for was U.S. Senate in 2004, where he lost the GOP primary.
Well he's got my vote [sarcasm]...
I'm sure he would be much better for freepers than Ron Paul since many freepers hate freedom and love wars we can never win but still want their children/grand children to pay for it.Spend,spend,spend!
Hermain Cain is not the answer.
Pretty hard to replace the Federal Reserve when you don’t have anything to replace it with yet!
— George Washington; in a letter to Jabez Bowen, Rhode Island, Jan. 9, 1787George Mason from Virginia told the delegates he had a “mortal hatred to paper money.” Previously he had written to George Washington: “They may pass a law to issue paper money, but twenty laws will not make the people receive it. Paper money is founded upon fraud and knavery.”
— G. Edward Griffin; The Creature From Jekyll IslandThen, as now, those who suffered the most from fiat money were those who held the most trust in government. In 1777 these were mostly the Whigs, for it was they who patriotically held paper money and, as a result, lost their livelihoods and their life savings. The Tories, on the other hand, mistrusting both government and its paper money, passed the bills as quickly as possible in trade for real assets, especially gold. Consequently, as a group, they weathered the storm fairly well. But they often were derided by their less prudent neighbors as “Torie speculators,” “hoarders,” and even “traitors.”
All of this was painfully fresh in the memories of the delegates to the Constitutional Convention and, as the opening session convened in Philadelphia in 1787, there were angry mobs in the streets threatening the legislators. Looting was rampant. Businesses were bankrupt. Drunkenness and lawlessness were everywhere to be seen. The fruit of fiat money had ripened, and the delegates did not enjoy its taste.
— G. Edward Griffin; The Creature From Jekyll IslandThe dictionary, therefore, needs a new definition. Usury: The charging of any interest on a loan of fiat money.
— G. Edward Griffin; The Creature From Jekyll IslandWhen money is created out of nothing, the true interest rate is not 8% or 9% or even 22%, it is infinity.
— G. Edward Griffin; The Creature From Jekyll IslandNo bank can stay in business for very long with a zero reserve. The only way to make people accept such a worthless currency is by government force. That's what legal-tender laws are all about. The transition from fraction-reserve money to fiat money, therefore, requires the participation of government through a mechanism which is called a central bank.
— G. Edward Griffin; The Creature From Jekyll IslandA nation that resorts to the use of fiat money has doomed itself to economic hardship and political disunity.
— G. Edward Griffin; The Creature From Jekyll IslandFiat money is the means by which governments obtain instant purchasing power without taxation.
— G. Edward Griffin; The Creature From Jekyll IslandThus, when governments issue fiat money, they always declare it to be legal tender under pain of fine or imprisonment. The only way a government can exchange its worthless paper money for tangible goods and services is to give its citizens no choice.
I happen to know Jason...
he’s a great guy— very dedicated with a LOT of passion and awesome leadership qualities....
There are many of the Libertarian views that I agree with...
The problem is that our society has been so badly socialized and morally bankrupted, that our nation will never adopt some of the “hard right” stands on the issues that guys like Jason advocate.
For example— Shocking the Middle East into “democracy” is not going to end well for them- let alone the rest of the world...
Shocking America into Communism/Marxism would have never been possible without an all out War to preceed- which I believer Liberty Lovers would have prevailed....
I thoroughly enjoy talking with Libertarians— I learn a LOT! And I grow a LOT!
They help many of us see examples of just how much Liberty and Power we have lost to the Government that we don’t even recognize until Libertarians take the time to show us.
I call myself a libertarian with a little “l”— but I used to be a Republican with a capital “R”—
The Fed infuriates me— I am aghast at how its existence is tolerated— but I was raised with it being a natural part of government, and needed.
I have debated with Herman on the whole Fair Tax thing— it DRIVES ME NUTS! Friends and family aren’t even rude enough to ask someone how much they make, how much their house is worth, how much they made in capital gains, how much is in their savings account— but yet the IRS is entitled to every bit of info they ask for- PERIOD!
The above two paragraphs are a great example of how Libertarians are making a great many of us aware of how institutionalized we are.
That being said— Maybe you Liberty loving folks can hear me out for a minute without attacking me.
Calling folks who don’t get it yet names is not effective.
Showing arrogance and impatience with folks who don’t yet know any better will only turn them off.
It is like an evangelist heading down to the red light district to try and save souls- but he keeps saying “I love you, I care about your soul, listen to me you stupid little whore.” I doubt he will leave with less than at least one black eye, and empty handed on any “coming to Jesus” moments...
Keep up the good fight- but understand that reality is that Libertarians are just before their time right now— America is not ready yet.
Of all the folks in the running right now as possible Presidential candidates- I gotta say, I think Herman will be the best one with a shot of winning, and closest to what Liberty Lovers could get into the White House....
okay— Flame away...
;-)
Despite his support of the Fair Tax, unless and until Herman Cain issues a public statement repudiating his remarks opposing an INDEPENDENT audit of the Fed and pledges to vigorously pursue such and audit, I cannot support him. I’m sure he’s heartbroken at this news – NOT!
Herman apparently does not understand that the same folks who foisted the Fed on us understood the need to have a tax on incomes (for all but themselves, of course). There had to be a way to annually vacuum the excess fiat currency they would ultimately create out of the system lest the great unwashed (that’s us) catch on to their scam. The sort of inflation we’re seeing today — and will see accelerate — does NOT harm everyone: THOSE AT THE FRONT OF THE LINE (GOLDMAN-SACHS, J.P.MORGAN-CHASE, ETC.) GET THEIR “MONEY” FOR NEXT TO NOTHING while THOSE AT THE REAR OF THAT LINE (THAT’S US) GET NEXT TO NOTHING FOR OURS.
Unless Herman knows that the Fair Tax rate would need to float or spike much higher during times the Fed is running the presses flat out, I’m sad to say that his defense of the Fed while embracing the Fair Tax causes me to consider him the “double-minded man” mentioned in the Bible. Scriptures goes on to call that man “...unstable in ALL his ways.”
And we’ve already had our fill of unstable men in the White House. At least I have.