Sent to me by an ImaLibertarian Reader:
|Congressman Ron Paul is an unelectable crank because he’s obcessed with the crazy notion that increasing the national debt is tantamount to devaluing the currency. To view a larger image, click on it.|
Rather than entering my long winded diatribe about why I’ve more and more decided to loath what was once the greatest experiment in liberty the world has ever known, I’m going to rely instead on the following already published accounts of why we should all know Tim DeChristopher.
After you’ve watched the video account of his actions and their consequences, please take the time to read his complete statement at his sentencing .
Are you ashamed too?
Horror! Tremble in fear for the possibility of (another) currency default.
Cower in terror at the thought of Moody’s downgrading US currency.
What we really ought to do is reflect on past defaults and try to imagine the really horrible consequence of failing to stop this counterfeiting FED enterprise in it’s tracks right now before it’s too late to prevent our winding up like the Weimar Republic.
In it’s customary fashion, Mises.Org describes US currency default history.
Ron Paul Predictions
Recently a friend of mine who knows that I’m an anal libertarian sent me an email in which he was complaining about the news orgy that Sarah Palin generates no matter what she says or does. He knew I held a low opinion of the Forth Estate, and probably wanted someone to agree with his analysis of it’s paparazzi work ethic. It’s just a symptom.
It would take an astronomically modest libertarian to refrain from saying, “I’ve been complaining about politicians dishonoring their oaths to the constitution and a news media that tries to sensationalize the trivial for 30 years.” I wish I could be that modest.
The limits that the constitution imposes on the federal government still aren’t respected by the general public. Until they do, the politicians aren’t going to either. They continue to beg for “rights” bought with other peoples money, not realizing that every individual right they receive is actually putting money in the pocket of the government’s business partners – but only AFTER it’s been pulled out of theirs.
When I was just a wee lad (70 years ago), this dependency ethic was still being perfected and almost none of the above examples of that ethic were implemented. Back then about the same number of people starved in the streets, failed at business and developed newer, more efficient methods as they do now. The big difference between then and now, is that back then you couldn’t know ahead of time whether you’d succeed or fail and then learn through experience the things that went in to success and failure. Now days, you don’t have to work to get food, shelter, healthcare, or to start a business without concern for its ROI. No wonder poor people thought they could get rich by simply buying houses in every waking hour.
Only the most immodest libertarian would ever say, “I told you so.” It’s a pity, but that’s more like me.
I ask myself – “Could Palin be any worse?” I answer myself, “Only with extreme difficulty.”
|In preparation for an examination of the logic that’s resulted in what we refer to as our centrally planned monetary and central banking system, lets begin with confirming a basic theorem, to wit: The Federal Reserve creates counterfeit money.
To help define the parameters of that examination, ImALibertarian welcomes dissenting opinions.
After receiving an unresponsive reply from Senator Kay Bailey Hutchinson to my letter requesting that she oppose any extension of the Patriot Act, I gave her office a phone call. I asked the person who answered the call to please write my comment down so that she could pass it along to the senator unedited. She said she would, and so I s-l-o-w-l-y told her this:
|I’m not a senator who has to play any political games in order to make my views have anything like the global impact that she does, but I can certainly make sure that on a small scale, my disagreement with the liberty that the senate and congress are attempting to steal from me – are known worldwide.
Here’s how I’ll do it, and here’s how television stations, newspapers and internet bloggers the world over are going to know that it’s her fault:
The next time I get called to federal jury duty, I promise you that if I even suspect that any of the evidence against the accused was acquired by use of Patriot Act provisions that ignore the accused’s 4th and 5th amendment rights, I will vote to acquit – the jury may only be hung, but I will NOT compromise – and I will publicly announce to any news outlet I can attract that Senator Kay Bailey Hutchison’s personal disregard for her oath of office is what motivated, and is directly responsible for that possibly guilty person’s continued freedom.
Yes. That’s right. If I had a trillion dollars, I could give a million people a million dollars each. Unfortunately, I don’t have an actual trillion dollars, but I can print it up without too much trouble and then loan it (with interest, of course) to Goldman Sachs who (which) will in turn loan it to the US Treasury (with a little higher interest, of course) and nobody will have to pay it back for years and years and years. The bad thing about giving a million people a million dollars that I’ve borrowed into existence is that a million people have to agree to pay it back with interest.. er… that is, interest on the interest. Interest on a trillion dollars is a significant amount. Interest on the interest plus the principal (compounded, of course) is really pretty darned significant. Regardless of the rate. But the goal is worth it. Delaying the day of reckoning until after we’re dead and gone makes it all worthwhile.
Now some of you might think that you can exempt your progeny from the hardship of repaying money they didn’t ask for, and certainly didn’t agree on the interest rate, or the fact that a central banking cartel got rich in the bargain. You’d be wrong. It’s not as if you or they will actually get any of the million – you will ever see a nickel of it. Nevertheless, your grandchildren are either going to repay it, or they’ll have their property confiscated, be put in jail, or if they resist, they’ll be shot. That’s the way we do things in the big city.