Drop everything you are reading right now and buy this book. That is if you aren’t already a seasoned precious metals investor. In plain language Mike Maloney’s “Rich Dad’s Advisors: Guide to Investing In Gold and Silver: Protect Your Financial Future” explains why now is the time to invest in gold and especially silver. Put simply, it is the perfect introduction to anyone interested in precious metals investing.
Maloney dispenses with the big words and typical econo-speak in this book. He gives historical evidence that fiat currencies always end up going to zero. The U.S. dollar is a fiat currency. It will cycle up and down and eventually collapse. Maloney describes the current economic situation and why silver and gold should encompass a large portion of your investment portfolio.
One of the most watched videos of the Ron Paul campaign was “Stop Dreaming” by Aravoth. He is out with another epic video edited beautifully about our financial future.
The video mixes footage of Peter Schiff, Ron Paul, and several others. Take 10 minutes of your time and watch it. You’ll likely be glad you did.
This morning Glenn Beck ranted about the demise of the U.S. dollar making sure to claim he is no conspiracy theorist. Yet with each word of warning he sounds not all that different from Alex Jones.
I’m not saying this is a bad thing. I think it is good in fact. It shows there is someone who (at least on the economy) is out there in the main stream press saying what needs to be said. Beck is not ready to latch on to the “elites taking over the world” argument, and neither am I. Though with each passing piece of evidence suggesting we are deliberately devaluing our currency it becomes more difficult not to grab on to that line of thinking. It seems Glenn Beck is fighting the urge latch on.
He goes from talking of the dollar’s demise right into the worry about globalism saying he doesn’t want to “live in a milk toast world”. Finally, he laments that our “Constitution is damn near gone”. On these points I could not agree with him more.
Now if he’d change his neo-con ways a bit on foreign policy we’d have another ally for liberty. However, when people change their ways they aren’t immediately welcomed with red pill induced hugs. One need look no further than Bob Barr for evidence of that.
Listen to his rant here:
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To win, Ron Paul has to hire the right people.There are only 24 hours in a day and he cannot do it all.Others have to think things through for him and present him with options.And, of course, he cannot run his own campaign.He will be too busy.He needs help.
Well, you say, shouldn’t he hire his political advisor before he commits to wining the Iowa Straw Poll?Isn’t hiring the first step? Answer? Nope.
In the first place, he has to decide about the Iowa Straw Poll right away because it affects the decision on whom he hires. He will want someone who agrees with the plan and who can bring something to the table to help make it work.Finally, if the person he hires doesn’t see the Iowa Straw Poll as a no brainer, he shouldn’t hire him or her anyway.So that is why I list the hiring of the political advisor after the ISP (Iowa Straw Poll) commitment.
Quote of the Day: “It is the theory of all modern civilized governments that they protect and foster the liberty of the citizen; it is the practice of all of them to limit its exercise, and sometimes very narrowly.” — H. L. Mencken
Subject: Today is Bill of Rights Day
This isn’t some arbitrary, symbolic holiday. It’s a real anniversary. The Bill of Rights was ratified today in 1791 — 217 years ago. We believe that this event, more than anything else, was what has made the United States different from other countries.
It isn’t democracy or representative government that made America unique. The Greeks, the Romans, and the British had those things. The Roman Republic even had divided powers, with checks and balances which our Founders knowingly copied. But as far as we know the United States was the first country to incorporate such specific, individually-oriented limits on government power into its supreme law.
Of course, this protection only works if our politicians obey the law, and this obedience is something we must demand; it will not be given freely.
Many holidays and memorial days are occasions of empty symbolism. But you can give this one real meaning by demanding that Congress celebrate Bill of Rights Day by doing something concrete to protect, obey, or restore the legal force of the Bill of Rights. I can think of no better way to do this than by asking your elected representatives to co-sponsor the “American Freedom Agenda Act.” I hope you do so.
But, even if you do, your message to Congress will only be a nibble to make them nervous. That’s important. Please do it. But we must also keep in mind that it will not be enough to instill fear and compel submission. We must do something specific to change that.
Time magazine has an article discussing how in times of economic unrest (and for other more “communal” reasons) alternative local currencies take hold. It is fascinating but at the same time, the IRS still requires (naturally) taxes for any business transaction done in the United States. Yes, even with these alternative currencies.
Alternative means of trade often surface during tough economic times. “When money gets dried up and there are still needs to be met in society, people come up with creative ways to meet those needs,” says Peter North, a senior lecturer in geography at the University of Liverpool, author of two books on the subject. He refers to the “scrips” issued in the U.S. and Europe during the Great Depression that kept money flowing, and the massive barter exchanges involving millions of people that emerged amidst runaway inflation in Argentina in 2000. “People were kept from starving [this way],” he says.
I envision a town implementing their own sound currency backed by gold, paying each other for what they are able to contribute to the local community. The IRS tax problem will prevent any libertarian utopian fantasies about creating a Galt’s Gulch in America, though.
Who controls the amount of alternative currency in local circulation? I wonder who runs the Central Bank of Ithaca, New York?
Closer to home, “Ithaca Hours,” with a livable hourly wage as the standard, were launched during the 1991 recession to sustain Ithaca, New York’s local economy and stem the loss of jobs. “Hours,” which are legal and taxable, circulate within the community, moving from local shop to local artisan and back, rather than “leaking” out into the larger monetary system. The logo on the Hour reads: “In Ithaca We Trust”.
Alternative (or “complementary”) currencies range from quaint to robust, simple to high-tech. There are “greens” from the Lettuce Patch Bank at the Dancing Rabbit Ecovillage in rural Northeastern Missouri. In Western Massachusetts one finds fine-artist-designed BerkShares, which are convertible to U.S. dollars. According to Susan Witt, Executive Director of the E.F. Schumacher Society (the nonprofit behind the currency) more than $2 million in BerkShares “have been issued through the 12 branches of five [local] banks.” And in South Africa, proprietary software keeps track of Community Exchange System (CES) “Talents”; one ambitious plan is to make Khayelitsha, a vast, desolate township of perhaps a million inhabitants near Cape Town, a self-sustaining community.
Ron Paul has a sign on his desk (as can be plainly seen in his video message yesterday) that says “Don’t Steal, The Government Hates Competition”. The news that the Federal Reserve refuses to disclose the recipients of $2 trillion in lending leaves me (and should leave you) madder than hell.
Today the Federal Reserve effectively freaked out in the foxhole and declared the spirit of democracy, if not the rule of law, to be disposable conveniences of better times.
In response to a freedom of information act request by Bloomberg News for the names of the institutions receiving public money, the Fed invoked an obscure rule to block the release of this information.
Dec. 12 (Bloomberg) — The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral.
Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression.
The Fed responded Dec. 8, saying it’s allowed to withholdtrade secrets internal memos as well as information about and commercial information.
Martenson continues…
Trade secrets? A trade secret is something like the formula for Coke. A trade secret is a patented business process the release of which would harm the competitive position of the holder. I am really at a complete loss to understand what sort of “trade secrets” might apply to the acquisition of bad debt from poorly managed financial institutions.
If anybody can supply one that might make sense in this situation I am all ears.
The important principle here is that democracy cannot operate under the cover of darkness. If every emergency, no matter how slight, results in the immediate suspension of our right to know, then one might reasonably question whether it is a right at all and whether this is a democracy.
Some of us would make the argument that the Federal Reserve is not a government organization, but a private cartel, and so is not bound by the Freedom of Information Act. It is interesting that they didn’t use that as a defense but rather chose to use “trade secrets”.
What have you done with my country? I want it back.
In the latest video released by Ron Paul he elaborates more on his opposition to the auto bailouts and bailouts on principle. The video was recorded yesterday, prior to the auto bailout failing in the Senate.
After the GOP Senators rejected the proposed bailout of the auto makers it seems that all fingers are now pointed squarely at George W. Bush as the only option left for the rescue operation.
“For God sakes, I hope the president acts,” Mayor Virg Bernero of Lansing, Mich., exclaimed Friday morning.
“Plan B is the president,” said Sen. Carl Levin, D-Mich. House Speaker Nancy Pelosi said action by President George W. Bush was the “only viable option.”
It seems the Republican Senators received numerous phone calls opposed to the bailout and they are listening to their constituents, this time anyway. I find it morbidly humorous that when these same constituents inundated congressional offices with letters, phone calls, and emails in opposition to the original financial sector bailout plan they were ignored.
James Madison describes us as having dual sovereignty, the allocation of power between the federal government and the states, and that the original system of government set up by the Founding Fathers, while certain powers were delegated to the central government, was to protect the lives, liberties, and property of the American people.
The United States of America was founded as a group of sovereign states. In this video by LibertyPen.com, Thomas DiLorenzo explains why this concept is crucial to the preservation of individual liberty.
Liberty Maven
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