From the Echoes of 1776: A Monetary Revolution Is Coming

by Stefan Gleason

Is America on the cusp of a revolution that will usher in a new monetary order? The lessons of history tell us that no fiat currency retains its value for long or lasts forever. And as Shakespeare noted, “what’s past is prologue.”

Major episodes in monetary history often stem from political revolutions. Just as there are boom-bust economic cycles, there are cycles of optimism pessimism that drive cultural, geopolitical, and war cycles. American history reflects the ebbs and flows in social sentiment.

The Founders wrote gold and silver into the Constitution as legal tender. They did so not because the American Revolution was financed with sound money – quite the opposite. The Founders were keenly aware of the dangers of unbacked paper money because the Continental Congress printed huge volumes of it to pay for the Revolutionary war.

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Free the Vote endorses state House candidates

Free the Vote North Carolina has endorsed three candidates for the N.C. State House. They are: Cliff Moore, District 96; Trey Lowe, District 106, and; Norman Bossert, District 113.

Free_Vote“We endorsed these candidates because they show fervent support for the individual’s right to vote and to vote effectively,” said Jordon Greene, Free the Voter founder and president.

“They understand the importance of free and open elections so that the people may have the true ability to choose who represents them and obtain the self-government the founders of this great nation and of our state intended them to have.”

Greene noted that North Carolina now has the nation’s most restrictive ballot access law, requiring the highest number of signatures for a new party or independent candidate to get on the statewide ballot.

“All too often politicians try to limit the ability of competitors to enter the race, and, over time have put strict barriers in place that effectively restrict the free speech and freedom of association in our state’s election process, thereby reducing voter freedom.” Greene said.

“These candidates don’t subscribe to that philosophy,” he said. “We look forward to working with them, and other like-minded individuals in the General Assembly, to reduce the barriers to political participation and re-introduce free, equal and legitimate elections in North Carolina.”

Free the Vote North Carolina sends out candidate surveys each election cycle after the primary and posts the results given by those candidates who respond.

Politicians distort the plain meaning of words

So N.C. Republicans have finally agreed on which Ponzi scheme they’re going to use to con North Carolinians into thinking they’re cutting taxes.

Yippie.

Democrats, predictably, are screaming about how this plan will hurt “the poor” and reward “the rich.” Even some conservatives, to their credit, see the sham.

But everyone is taking about the issue in Newspeak.

Republican and Democrat politicians don’t speak the same language as everyday folk. Listen to how they talk about tax “cuts.” They maintain government “loses” money through “loopholes” and tax exemptions. The implication is clear. You don’t own the money you earn. How else could government lose something it doesn’t own?

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Banning direct auto sales a backward idea

The bipartisan bill banning direct auto sales is a misguided and backward idea, the chair of the Durham and Orange County Libertarian Party said today in a letter to the Chapel Hill News.

“The threat technological advancements pose to job security has been used as justification for stifling advancements for centuries,” said Jason Melehani.

“Imagine all the jobs we could create if we banned electronic printing of books or banned computers from automating manufacturing processes.”

“These obviously are backwards ideas,” he said. “The ban on direct auto sales in SB 327 (Clarify Motor Vehicle Licensing Law) is backwards as well.”

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GOP tax fairness plan is unfair

by J.J. Summerell
Chair, Libertarian Party of North Carolina

The tax reform plan announced by state Sen. Phil Berger is just another charade designed to make citizens think Republicans are actually reducing taxes. Calling it the Tax Fairness Act and claiming it’s the largest tax cut in state history is misleading at best.

In fact, it isn’t fair and it isn’t a tax cut. Senator Berger and the other Republican leaders at their press conference last week probably used the word “fair” hundreds of times.

No tax is fair. Taxes are inherently unfair. Every tax hurts someone. The only difference between taxes proposed by Republicans and Democrats is which special interest group is going to benefit and which is going to pay.

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Happy Income Tax Day?

To ease some of you suffering today, enjoy this Kevin Tuma classic.

wheel

There is one thing good about today. It is my youngest granddaughter’s birthday. Sumitra is five.

Help pay the debt

Memo to Warren Buffet, and all those other people who think “the rich” don’t pair their “fair share” of taxes. If you are so concerned, you can contribute to paying off the federal debt here.

Make your check payable to the Bureau of the Public Debt and please note that it’s “a gift to reduce the debt held by the public.”

Yes, I know the national debt is $16 trillion dollars and increasing every day. But ever bit helps, right?

Thanks to the News & Observer for the tip.

Audit the Fed bill close to vote

UPDATE: The bill passed, but is probably DOA in the Senate.

It’s not only the Department of Defense that keeps many of its activities highly secrets. Since its founding in 1913, the Federal Reserve has never been completely accountable to the American people, despite its policies helping to devalue our dollar and wreck our economy.

Current law even goes so far as to prohibit Congress from fully auditing the Fed. What other public of private agency has such protection? People scream about business and banks being unaccountable, yet we tolerate a massive federal agency’s secret manipulations which are destroying our economy.

Rep. Ron Paul (R-Tex) has been on a quest to audit the Fed. His bill,  H.R. 459, the Federal Reserve Transparency Act, could come up for a vote at any time! Audit the Fed bill would empower the people’s representatives to get the full story on what the Fed has been doing with our money.

The bill is being considered under a “suspension of the rules” process, which means it can’t be changed but will need a 2/3 majority to pass. That is a considerable obstacle.

Take action now. Click here to contact your representative and demand they vote yes to Audit the Fed.

Another Congressional Re-Run

When I was growing up one of the things I enjoyed about summer was TV re-runs. I could catch up on missed episodes of my favorite programs, particular The Twilight Zone and Star Trek (the original) and watch the best episodes again.

TV doesn’t operate that way anymore. But the U.S. Congress does. In fact, it has re-runs all year round. Right now, we’ve witnessing the re-run of another economic “crisis” manufactured by the inability of the power parties to avoid the sequestration of Defense Department funds which will supposedly occur if they don’t reach an agreement over the extension of tax cuts.

“Some members of Congress are anxious to undo sequestration, ignoring the inconvenient fact that they created the process in the first place,” writes Christopher Preble in Cato@Liberty. “Instead of accepting responsibility, they are proposing legislation that would force the White House to outline the effects of the cuts. And people wonder why Congress’s approval rating is at an all-time low.”

Sen. Patty Murray says Democrats won’t agree to a deal that “throws the middle-class families under the bus.” They want the wealthy to pay their “fair share.”

Republican leader Sen. Mitch McConnell replies that Democrats are playing “a high-stakes game of chicken with the single-minded goal of taking more money from the people who earn it for the government to waste.”

It is disgrace that exchanges of fear-mongering clichés like this are what poses as political discourse in the Congress today. Both major parties ought to be ashamed of themselves, but unfortunately, they lack the underpinning of a moral belief system needed in order to feel shame.

For the record, I agree with Mr. Preble’s title: Let sequestration happen. It’s not the best way to cut the bloated defense budget, but it appears it’s the only way it can happen.

The Fair Tax Isn’t Fair, It’s a Farce

“There cannot be a good tax nor a just one; every tax rests its case on compulsion.” – Frank Chodorov

BURNET, Texas (Jan. 7) – The so-called Fair Tax is not fair; on the contrary, it is a farce based on fallacies and falsehoods. Sadly, some libertarians have fallen for the bogus arguments uttered by proponents of this national sales tax and bought into the idea that this is the “best we can hope to get.” This is a justification very similar to the flawed reasoning that induces some people to vote for the “lesser of two evils.”

One of the core values of libertarianism is the right of people to keep all the fruits of their labor. No taxes are fair. All taxes are, at their root, immoral because they involve the use of force to take money from people, money that rightfully belongs to them, and give it to others. That is why libertarians would fund most government services with voluntary user fees.

The most dangerous claim used by advocates of the Fair Tax is that it’s “revenue neutral,” that it will allow the federal government to collect just as much money as the income tax. Fair Tax supporters say this as if it were a good thing. It is not. The greatest danger facing our nation isn’t terrorism, global warming or the energy crisis. It is out-of-control, unbridled government spending. It is our $15 trillion federal debt, which grows every day.

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