Archive for the ‘Taxation’ Category

1400 is More Than 200 via- http://www.et-liberty.com July 30, 2009

July 30, 2009

http://someoneneedstosayit.blogspot.com/2009/07/ap-vastly-understates-obama-protest.html

Technically, 1400 is more than 200. What is the truth?

In Liberty,

PK Lowrey

Please read “The Future is Calling”

● Part 1: The Chasm

● Part 2: Secret Organization and Hidden Agendas

● Part 3: Days of Infamy

● Part 4: The War on Terrorism

__._,_.___ Messages in this topic (1) Reply (via web post) | Start a new topic Messages East Tennessee Liberty: http://www.et-liberty.com
Ron Paul’s Campaign for Liberty: http://www.campaignforliberty.com

Why Rep. Wamp and Mayor Haslam can NOT be Governor of TN! [or who I’m (NOT) supporting for TN Governor] by Matt Collins July 13, 2009

July 14, 2009

The following is contributed by Matt Collins. His credentials follow the article below.

Definitely a must read for folks who strive for accountability in government!

You’re kidding me. Our elected officials are supposed to actually keep their oath to uphold the Constitution? The supreme law of the land?

Yup, that’s it. It’s so simple; but these folks are hard to find due to “Special Interest Influence” and arm-twisting from the “Dark Side”.

—————————————————–

<<I HAVE POSTED THE FOLLOWING AT: http://www.campaignforliberty.com/blog.php?view=21733 FEEL FREE TO COPY AND REDISTRIBUTE – citizens of TN should know about their candidates>>

DISCLAIMER:
Nothing I communicate is to be considered an official statement representative of any organization I belong to or am an officer of, including the Campaign for Liberty, Republican Liberty Caucus, WTN, Liberty on the Rocks, America’s Future Foundation, The Tennessee Liberty Alliance, Rand Paul for Senate, or the Davidson County (Nashville) Republican Party. My opinions are my own.


Why Rep. Wamp and Mayor Haslam can NOT be

Governor of TN!
[or who I’m (NOT) supporting for TN Governor]

The Davidson County (Nashville) Republican Party held our annual summer picnic Saturday (7/11); all of the Republican gubernatorial candidates were present. After speaking with each candidate individually I am still unsure who I am going to support, however there are definitely two of the candidates who have not only disqualified themselves, but should never hold and elected office again!

I‘ll start with Bill Haslam the Mayor of Knoxville.

In case you are unaware Mayor Haslam joined NYC Mayor Bloomberg’s anti-gun coalition in an effort to curb crime in Knoxville. However Mayor Haslam then says that upon joining the coalition the leadership took a different direction and he withdrew from the organization. Fair enough and at the DCRP picnic Saturday 2nd Vice Chair Dan Davis and myself asked him about this issue. I wanted to hear the straight scoop directly from him in order to give him a chance to explain his actions before I decided.

Mayor Haslam discussed the story as I explained and he said his intention in the entire situation was simply to “stop the wrong people from having guns”.

I asked him “what kind of people are you referring to that you say shouldn’t have guns?”
And he responded with “felons, criminals, and those without a permit”.

Then I asked “so you believe we need a permit or permission to exercise a right guaranteed by the 2nd Amendment?
Mayor Haslam said “well, for handguns yes

That told me everything I needed to know; I thanked him for his time then I ended the conversation and Dan and I walked away.

What Mayor Haslam does not understand is that ONE DOES NOT NEED A PERMIT TO EXERCISE A RIGHT!!!
We have a right to bear arms that both the US and TN Constitutions guarantee shall not be infringed. Do we need a permit for free speech? Do we need a permit to print a newspaper? Do we need a permit to have a trial by jury? Do we need a permit to birth children? NO, of course not. Why? Because these activities are fundamental individual RIGHTS which cannot be taken away without due process (obviously those convicted of violent crimes should be denied their right to posses firearms). We do not need permission from the government to exercise our rights. If we have to ask permission, then it isn’t a right, it’s a privilege! Rights and privileges are opposites.

The idea that our right to self-defense, our right to bear arms, and that our right to buy/sell/own personal property is first contingent upon a governmental grant of approval is insulting to the very ideals of freedom on which the American Republic was founded. I suggest Mayor Haslam read the US and TN Constitutions because ignorance of both that magnitude and of that authoritarian mindset is dangerous to individual rights and to a free society. He is obviously unfit to govern if he cannot understand the simple and basic difference between rights and privileges.

(Upon edit apparently I am not the only one who takes issue with Mayor Haslam in this regard)

Continuing on to the other gubernatorial candidate, Zach Wamp, the US Congressman from Tennessee’s 3rd District.

Representative Wamp voted for the October ’09 bailout. Representative Wamp calls himself a conservative but one has to ask what is conservative about spending billions of nonexistent dollars, increasing the size/scope of the federal government, and voting against the US Constitution? As an aside it is worth noting that the bailout Representative Wamp voted for also included an audit of carbon emissions which laid the foundation for the coming cap-and-trade / carbon tax; next time you see him be sure to thank him for that.

All US Congressmen upon being seated are administered an oath to “support and defend the Constitution of the United States”. Nowhere in Article 1 Section 8 of the US Constitution (the part that lists Congressional power) is the federal government given the authority to bail out banks, businesses, or mortgages. By voting for and supporting the bailout Congressman Wamp clearly violated his oath to support and defend the US Constitution. On those grounds alone he should be removed from office immediately, and personally I would like to see him, along with most of the rest of the members of Congress, either in jail or forced to perform restitution to those of us who are footing the bill for his unconstitutional action.

When one is entrusted with and given the awesome power to make laws governing the life and property of others, the abuse (or negligence) of that power is not only criminal, but amoral; Merriam-Webster’s Dictionary labels an individual “who betrays another’s trust or who is false to an obligation or duty” as a traitor. Does that denotative description fit Representative Wamp’s blatant violation of his oath?

Several DCRP officers and myself approached him near the conclusion of the Picnic because we wanted to discuss HR1207 (Audit the Federal Reserve Act). Representative Wamp extended his hand to me to shake it and I absolutely refused; I am not interested in being friendly towards those who violate the Constitution. To be fair he said that he was very supportive of HR1207 and that “we ought to do more than just audit the Fed….it’s the cause of a lot of our problems”. While I agree with the Congressman on that specific issue I honestly wanted to vocalize that the other cause of our problems were big-government Republicans acting like big-government Democrats such as himself. However in the spirit of, at minimum, being cordial, I held my tongue. But prior to walking away I did thank him for and told him I appreciated his support on HR1207. I still did not shake his hand.

Regardless of his support for a call of transparency in Auditing the Fed, the fact of the matter is that he broke the trust of the People of the United States by clearly violating his oath to uphold the US Constitution. One or multiple positive actions do not negate the fundamental premise of breaking the highest law in the land, usurping more power to the federal government, and going against one’s sworn oath. Even though Representative Wamp has called his vote for the bailout “a mistake” how can the voters continue to trust him after such a grossly grievous err in judgment especially considering the significance of the consequences resulting from his action?
At this point we have a candidate who has violated his oath, and another who is of the authoritarian mindset that the People need permission from the government before exercising their individual and guaranteed rights. I have 3 more candidates in the TN gubernatorial race to investigate before I decide who to support, hopefully at least 1 of the 3 will not disappoint me because the thought of voting for “none of the above” in the upcoming primary is extremely depressing– I refuse to vote for anyone who is going to increase government, or decrease liberty.

In conclusion it is prudent to ask if we attain smaller, more limited-government, more liberty, more personal freedoms, and less taxes by continuing to vote for elected officials that have broken our trust and ignore the Constitution? Should we reward politicians who take our money, our property, and our freedoms by elevating them to higher office? Should we continue to vote for more of the same? Upon a review of history, I think not. If the Republican Party, and ultimately the country, is going to restrain its government, we must vote for those who adhere to principles, not compromise them.

Matt Collins
principle before politics
Vice Chair Davidson County Republican Party
Vice Chair Republican Liberty Caucus of TN
Coordinator Davidson County Campaign for Liberty
Talk Radio Producer 99.7 WTN Nashville
Member America’s Future Foundation
Member Liberty on the Rocks

DISCLAIMER:
Nothing I communicate is to be considered an official statement representative of any organization I belong to or am an officer of, including the Campaign for Liberty, Republican Liberty Caucus, WTN, Liberty on the Rocks, America’s Future Foundation, The Tennessee Liberty Alliance, Rand Paul for Senate, or the Davidson County (Nashville) Republican Party. My opinions are my own.

Hauntings Of The Jack Kennedy Scenario Revisited

July 12, 2009

The Federal Reserve , a cadre of private bankers (which is no more federal than Federal Express) were under threat by John Kennedy’s determination to get our monetary system back in control of the people. Thus, Kennedy was terminated on November 22, 1963 by the powers that is.

The song remains the same. America’s citizens, taxpayers and property owners are getting wise to the command & control practices of the “Fed”. The Fed cannot tolerate being under the scrutiny of any constitution, law, congress, senate or the people. But that’s about to change.

The insanity of the Federal Reserve’s practices are only justified by our representative government’s necessity to fund all of the un-Constitutional projects that it cannot afford. Even if the projects are constitutional, “We The People” shouldn’t be liable for expenditures that our government can’t afford.

When government “Dreams” take precedence to fiscal and Constitutional responsibility, socialism takes over and the Fed doesn’t care what our government is borrowing money for, as long as future generations pay up.

Check out the link below

www.reuters.com/article/companyNewsAndPR/idUSN0945907120090709

Video: The Criminal Rothschilds

July 8, 2009

http://www.youtube.com/watch?v…..r_embedded

Ron Paul Strikes Gold by Chadwick Matlin July 02, 2009

July 5, 2009
Ron Paul Strikes Gold

By Chadwick Matlin
Posted Thursday, July 2, 2009 – 4:38pm
Bu

Excerpt: “Paul wants to audit the Fed primarily because he wants to destroy it; the audit bill is just the latest chapter in Paul’s lifelong crusade against it. His vendetta is fueled by the belief that the Federal Reserve is unconstitutional, a central bank within a country that doesn’t allow central banks. That the Fed can manipulate the currency and “create legal tender out of thin air” is heresy. And so Paul attempts to dismantle it the only way he can: through legislation.

Thus we come to the audit. For Paul it’s a foot in the door to a much larger goal. To the 244 co-sponsors—74 of them Democrats—it’s a way to show their constituents that they’re worried, too, about where taxpayer dollars are going. It’s an amusing dissonance between the leader of the rebellion and his revolutionaries. The two parties are after entirely separate goals, one (transparency) vastly more achievable than the other (the end of the Federal Reserve).

This again makes Paul’s coalition all the more remarkable. The distrust of the Fed has reached a point at which a majority of House members are following a radical into battle. Congress’ frustration was evident last month when Bernanke got roasted in front of Congress, putting his future as Fed chairman and the health of Obama’s regulatory plan in doubt.”

Read full article here: www.infowars.com/ron-paul-strikes-gold/

Freedom Eradication Management Agency (FEMA)-June 14, 2009

June 14, 2009

“They’re from the several governments, and they’re here to help us, right?”

The following is a link to FEMA’s website and addresses the exercise that will be taking place July 27-31, 2009, in the U.S.. I can’t help but recalling the wonderful job that FEMA did after hurricane Katrina left the scene of the storm.

They were so thoughtful, they went door-to-door disarming private citizens in their own homes. Your tax dollars at work against you.

http://www.fema.gov/media/fact_sheets/nle09.shtm

Digging Really Deep Holes-via DownsizeDC.org-June 13, 2009

June 13, 2009

D o w n s i z e r – D i s p a t c h


Quote of the Day: “One time in the House of Representatives told me a story about a proposition that a teacher put to a boy. He said, ‘Johnny, a cat fell in a well 100 feet deep. Suppose that cat climbed up 1 foot and then fell back 2 feet. How long would it take the cat to get out of the well?’ Johnny worked assiduously with his slate and slate pencil for quite a while, and then when the teacher came down and said, ‘How are you getting along?’ Johnny said, ‘Teacher, if you give me another slate and a couple of slate pencils, I am pretty sure that in the next 30 minutes I can land that cat in hell.’ if some people get any cheer out of a $328 billion debt ceiling, I do not find much to cheer about concerning it.” — Senator Everett Dirksen, Congressional Record, June 16, 1965

Subject: How deep is the hole the politicians are digging for us?

The financial newsletter The Privateer reports…

“Warnings have been issued from the Treasury that the Congressionally mandated debt ceiling of $12.1 TRILLION will most likely be breached in the second half of this year.”

This pit of borrowing doesn’t even account for the deepening currency well we reported in last Friday’s Dispatch.

The politicians are borrowing and the FED is printing at staggering rates. As their shovels continue to ominously clang and clash, the news gets worse. Again, from The Privateer…

“The Federal Deposit Insurance Corporation (FDIC) list of troubled American banks has risen in the past three months from 1,568 banks with about $2.3 TRILLION in assets to US 1,816 banks with some $4.4 TRILLION in assets. Just who guarantees the FDIC? The US Treasury of course.”

To be more specific, you the taxpayer will dig out all of those banks.

And if past history is a guide, that FDIC list is conservative to a fault. The real number of “troubled” banks is almost certainly higher. It seems the FDIC, like most government regulatory agencies, is usually the last to know there’s a problem.

That’s not all. Relying on data from the US Federal Reserve and Congressional Budget Office (CBO), The Privateer reports…

There’s a hodge-podge of guarantees totaling $12.9 TRILLION, with…

* $8.2 TRILLION from the Fed
* $2.7 TRILLION from the US Treasury
* $2.0 TRILLION from the FDIC

On top of that, the US government has…

* Made asset purchases of $2.3 TRILLION
* Guaranteed $7.3 TRILLION worth of Fannie Mae, Freddie Mac, and Ginnie Mae debts
* Made other guarantees of $6.6 TRILLION to the US banking system.

“The sum total of all this ‘Stimulus’ is $29.1 TRILLION!” concludes The Privateer.

It would be fair to point out that not all that money has actually been spent yet. Things would have to go wrong in order to trigger those guarantees.

So we must turn to history to see if we’re doomed to the ditch. Were the bailouts an effective strategy or a sink-hole?

Consider the example of Citibank. When former Treasury Secretary Hank Paulson first extended support to Citi, his team believed it was strong. Paulson believed the funds would be focused at stabilization of the markets and the economy. Yet TheStreet.com was already giving them a C-. Once again, government was the last to know, because Citibank almost went out of business and required a second bailout just weeks later.

That track record is no cause for hope about these guarantees.

And another crater might await the banks. Weiss Research reports that U.S. banks have a total of $200.4 TRILLION in derivatives, and that those derivatives may well do more severe damage to bank balance sheets.

“According to the OCC’s Q4 2008 report, America’s top five commercial banks control 96 percent of the industry’s total derivatives, while the top 25 control 99.78 percent. In other words, for every $100 dollar of derivatives, the big banks have $99.78 … while the rest of the nation’s 7,000-plus banking institutions control a meager 22 cents! This is a massively dangerous concentration of risk.”

Derivatives caused record losses for banks in the fourth quarter of 2008. Are there more serious losses to come?

And we’re left to wonder, should that time come, where will the government get the money to cover these “too big to fail losses?”

Yet, those aren’t the only pitfalls. The projected budget deficit this year is $1.8 trillion. Just a year ago, many of us were screaming about a projected $490 billion deficit. Oh, for the good ole days!

But that projected deficit will certainly deepen, even though the White House budget allegedly reduces the deficit over the next few years. Why?

Unemployment! The Libertarian Party reported this week that a Jan. 10 White House report selling the stimulus package promised unemployment under be kept under eight percent. Instead, according to the Bureau of Labor Statistics, it grew to 9.4 percent, placing unemployment at a 26-year-high, with 14.5 million workers now jobless.

Uncle Sam is “bursting at the seams,” but he’s probably going on a diet. Higher unemployment means lower than expected tax revenues. That means the deficit will be more cavernous than projected — maybe in excess of $2 TRILLION.

In review, numbers to be concerned about are,

* $12 TRILLION, the National Debt number that’s rapidly approaching
* $29.1 TRILLION in bailout/stimulus guarantees
* 1,816 “troubled” banks with about $4.4 TRILLION in assets
* $200.4 TRILLION in U.S. bank-held derivatives that can create tens of billions of dollars of losses, and perhaps bank failures
* $2 TRILLION, the likely federal budget deficit

Indeed, the hole the politicians are digging is unfathomable. But that’s not all the numbers we have to WORRY about.

According to the Social Security Administration, the federal government’s unfunded liabilities equals $101 TRILLION — that’s a liability of $834,000 for every full-time working American. These long-term debts are primarily due to Social Security, Medicare, and Medicaid.

Even here, the news threatens to get considerably worse…

* Social Security, a Ponzi scheme that makes Bernie Madoff look like a piker, has, until now, taken in more money than it puts out. It was projected that starting in 2017, it would run a deficit. But due to high unemployment rates, it will likely turn its first loss in 2010.

* As we’ve reported in these Dispatches, the President seems determined to bring health care under total government control, including dramatically expanding Medicare.

What does all this mean to you?

Sooner or later, the politicians will either…

a) Default on commitments, perhaps with a variety of tinkering reforms like rationing, means-testing, tax increases, etc. or,
b) Inflate the currency so much that you’ll see massive price increases for virtually everything. Imagine, for example, $8 per gallon gas.

Let’s put a stop to this digging. Instead, we can do four very important things…

1) TAKE ACTION. We’ve updated our Unfunded Liabilities campaign to reflect the Social Security number. Send a message objecting to the very deep hole the politicians are digging. Demand that they “Downsize DC!”

2) Forward this message to others and ask them to join you in sending a message to Congress.

3) The politicians may be digging us a deep hole, but you can “Digg” this Dispatch if you’re registered with Digg.com, so that more people see it, and join the Downsize DC Army. Just go to the blog version of this Dispatch and click on the Digg icon to get started.

4) The down economy has affected DownsizeDC.org as well. Pledge attrition levels have been unusually high. To continue growing, your DownsizeDC.org needs new pledgers. Would you consider joining as a monthly pledger, or perhaps increasing your existing pledge? As regular readers know, we acknowlege pledgers by name here on the Downsizer-Dispatch regularly.

Thank you for being a part of the growing Downsize DC Army,

Jim Babka
President
DownsizeDC.org, Inc.

D o w n s i z e r – D i s p a t c h
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Fascialism: The New American System by Thomas DiLorenzo-via LewRockwell.com-June 12, 2009

June 12, 2009

“If classical liberalism spells individualism, fascism spells government.”
~ Benito Mussolini,
Fascism: Doctrines and Institutions, p. 10

The two worst scourges of humanity in the twentieth century were socialism and fascism. Together, they wrecked much of the world economy because of their shared “fatal conceit” (F.A. Hayek’s term) that government central planners were superior to private property and free markets. Fascist and socialist governments (not that there’s much difference between them) murdered over 100 million of their own citizens, as the sociologist R.J. Rummel has documented (See his book, Death by Government), and instigated wars that caused the deaths of millions more.

Incredibly, the two-party duopoly that has long ruled America has adopted both fascism and socialism as the defining characteristics of our economic system. Call it Fascialism. It is a recipe for national economic suicide.

Economic Fascism

Economic fascism as practiced by Italy and Germany in the 1920s and ’30s allowed private property and private enterprise to exist, but only if it was strictly controlled and regimented by the state so that it would serve “the public interest” and not private interests. The philosophy of German fascism was expressed in the slogan Gemeinnutz geht vor Eigennutz, which means “the common good comes before the private good.” “The Aryan,” Hitler wrote in Mein Kampf, “willingly subordinates his own ego to the community and, if the hour demands, even sacrifices it.” This sounds a lot like John McCain’s campaign theme of “Country First” (before self-interest), doesn’t it?

Of course, it is the government that decides what constitutes “the common good.” Is there any doubt that government will now define what constitutes “the common good” in the banking and automobile industries – and in health care once it is fully nationalized?

The philosophy behind Italian fascism was virtually identical. “The fascist conception of life,” Mussolini wrote in Fascism: Doctrines and Institutions, “stresses the importance of the State and accepts the individual only in so far as his interests coincide with the State.”

It is remarkable how contemporary economic policy pronouncements are so often identical to those made by early twentieth-century European fascists. Mussolini complained in 1935, for example, that government intervention in the Italian economy was “too diverse, varied contrasting. There has been . . . intervention, case by case, as the need arises.” His advisor, Fausto Pitigliani, explained that under fascism government regulation would achieve a certain “unity of aim” instead.

This is exactly how the powers that be in Washington, D.C. have diagnosed the current financial crisis: There’s been too little financial market regulation, they tell us, and it has been too, well, diverse and contrasting. Thus, they have recommended a Super Regulatory Authority that will supposedly regulate, regiment, and control all “systemic risk taking” in the entire economy. The only debate is whether an entirely new agency should be created to achieve this “unity of aim,” or if the Fed – which caused the current economic crisis in the first place – should be given the responsibility.

Government-business “partnerships” were a hallmark of both Italian and German fascism. As Ayn Rand once noted, however, in such “partnerships” government is always the “senior partner. ” Government-business “collaboration” was supposedly needed in fascist Italy, explained Fausto Pitigliani in his 1934 book, The Italian Corporatist State, because “the principle of private initiative could only be useful in the service of the national interest.” It is this “service of the national interest” that is the intended work of the newly appointed “Car Czar” in the Obama administration (along with twenty or so other “czars” so far). It is inevitable that the end product will be the world’s worst cars, endless subsidies and bailouts, and mind-boggling debt piled onto the backs of the taxpayers. All to pay off a campaign debt to the United Autoworkers Union, which bears most of the responsibility for the destruction of General Motors and Chrysler in the first place.

The hallmark of the Obama administration’s economic policy thus far is a forced “partnerships” with dozens of large banks along with General Motors and Chrysler. It is threatening hundreds of other “partnerships” in the name of environmental regulation. And that’s just in the first five months. Mussolini would be envious.

Italian fascism created one gigantic bailout economy. Italian social critic Gaetano Salvemini wrote in his 1936 book, Under the Axe of Fascism, that “It is the state, i.e., the taxpayer, who has become responsible to private enterprise. In Fascist Italy the state pays for the blunders of private enterprise.” “Profit remained to private initiative,” Salvemini wrote, but “the government added the losses to the taxpayers’ burden. Profit is private and individual. Loss is public and social.” Sound familiar?

Mussolini himself boasted in 1934 that “three quarters of the Italian economic system had been subsidized by government,” Salvemini wrote. The Obama administration (with a jump start by the Bush administration) is on a path to exceed this level of plunder.

Socialism

In the preface to the 1976 edition of his famous book, The Road to Serfdom, F.A. Hayek wrote (p. xxiii) that when the book was first published in 1944, socialism meant “unambiguously the nationalization of the means of production and the central economic planning which made this necessary.” But by the 1970s “socialism has come to mean chiefly the extensive redistribution of incomes through taxation and the institutions of the welfare state.” Thus, ever since the 1930s the Democratic Party in America has been the party of socialism, with the Republican Party either providing little or no effective opposition or, as with the administration of President George W. Bush, serving as accomplices. The Bush administration vastly expanded the welfare state, while Obama intends to expand it much faster, especially if he succeeds in implementing health care socialism and imposing even more punitive levels of income taxation on the most productive citizens.

Obama promises the worst of all economic worlds: A vast expansion of the welfare state form of socialism, as defined by Hayek, along with a heavy dose of old-fashioned, early twentieth-century, Stalinist socialism with the nationalization of banks, automobile companies, the health care industries, and whatever else he can get away with. The Mussolini-like cult of personality that has developed around him will facilitate this disastrous path to national economic suicide.

June 12, 2009

Thomas J. DiLorenzo [send him mail] is professor of economics at Loyola College in Maryland and the author of The Real Lincoln; Lincoln Unmasked: What You’re Not Supposed To Know about Dishonest Abe and How Capitalism Saved America. His latest book is Hamilton’s Curse: How Jefferson’s Archenemy Betrayed the American Revolution – And What It Means for America Today.

Copyright © 2009 by LewRockwell.com. Permission to reprint in whole or in part is gladly granted, provided full credit is given.

Thomas DiLorenzo Archives at LRC

Thomas DiLorenzo Archives at Mises.org

Another Counterfeit Update-via DownsizeDC.org-June 08, 2009

June 8, 2009

D o w n s i z e r – D i s p a t c h


Quote of the Day: “By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” — John Maynard Keynes Source: “The Economic Consequences Of The Peace”

Subject: Counterfeiting Update

In May of last year the U.S. money supply stood at roughly $834 billion. Now, a year later, the Federal Reserve has created an additional $941 billion out of thin air. Pay close attention to those numbers…

* The amount of new money the Fed has created is roughly $107 billion more than all the money that was in circulation just a year ago
* In other words, the U.S. money supply has more than doubled

Think about what this does to the value of your dollars, to your savings, to your paycheck, to your retirement income? A doubling of the money supply means your money is worth half what it was.

Of course, your money’s loss of value won’t manifest itself overnight. It will take time for the Fed’s counterfeiting to drive up prices. But those who get the new money first will be able to spend it while prices are still low, increasing their wealth at your expense.

The Federal Reserve, as you might expect, promises that prices won’t rise. They claim they’ll withdraw their counterfeit money before that happens. Do you feel comforted? Should we really believe that…

* The Fed can really undo so much counterfeiting
* The attempt to withdraw the counterfeit dollars won’t cause economic disruptions of its own

And if they did sop up their funny money, wouldn’t that mean another “contraction?” …more unemployment? …other sectors in trouble and screaming for a taxpayer-funded bailout?

Our position is simple. If it’s wrong for individuals to counterfeit, it’s also wrong for the government to do it. What we need is money that no one can counterfeit, like gold and silver. Some people want to make this happen by abolishing the Fed. We agree. That needs to happen. But it’s a big step. We think there’s an easier way…

Congress should start by ending the Fed’s monopoly control of money. Congress should permit you to use whatever form of money you prefer. This would…

* Empower the creation of an alternative money system
* Reduce the Fed’s ability to counterfeit by forcing Federal Reserve Notes (FRNs) to compete with honest money
* Make it easier to abolish the Fed once a new money system is fully operational

To make this happen Congressman Ron Paul introduced three “Honest Money” bills in the last Congress (110th). These bills would…

* Repeal the legal tender law that forces you to accept FRNs
* Repeal the federal government’s monopoly over coinage
* Prohibit federal and state taxes on precious metal coins and bullion

These simple changes would allow you to buy and sell using means of exchange other than FRNs. Sadly, Congressman Paul hasn’t re-introduced these bills. If you’re one of his donors or constituents please calls his office at 202-225-2831 and ask him to re-introduce his three “Honest Money” bills, combined as one bill. As for the rest of us…

We should tell our own representatives to ask Congressman Paul to re-introduce these bills, or do it themselves. You can send your instructions using DownsizeDC.org’s “End the Inflation Tax” campaign.

Use your personal comments to tell your representatives that you’ve seen the Federal Reserve’s lastest counterfeiting numbers. Object to the fact that the Fed has increased the monetary base from roughly $844 billion as of May 2008, to roughly $1,775 as of May 2009.

To exceed the 36,512 messages we sent last month we need to send at least 1,651 messages today.

Thank you for being a part of the growing Downsize DC Army. To see how we’re growing, check out the Keeping Score report below my signature.

Jim Babka, President
DownsizeDC.org, Inc.

KEEPING SCORE

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Government Continues To Pee Down our Backs And Tell Us That It’s Raining-June 08, 2009

June 8, 2009

Of course the government continues to undermine the monetary system. It’s been doing it since 1913.

The largest counterfeiter of  currency is the Federal Reserve. The Federal Reserve notes are fiat (fake) notes that actually reflect negative value. There’s much more value in a tomato seed than there is in a truck-load of counterfeit Federal Reserve notes.

The Liberty Dollars are real money backed by precious metals; the Federal Reserve notes guarantee the enslavement of “The People” via interest due, according to their World Bank protocol. The demise of the Federal Reserve system is the best thing that could happen in this country.

Asheville man charged in alleged Liberty Dollar fraud