Presentation on theme: ""If a nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be." --Thomas Jefferson to Charles Yancey,"— Presentation transcript:
"If a nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be." --Thomas Jefferson to Charles Yancey, 1816. "We are now trusting to those who are against us in position and principle, to fashion to their own form the minds and affections of our youth... This canker is eating on the vitals of our existence, and if not arrested at once, will be beyond remedy." --Thomas Jefferson to James Breckinridge, 1821.
Government Agriculture Industry Productive Labor Where we began: The US Constitution is designed to protect individual liberty and private property… Gov
7 th Amendment “In suits at common law, where the value in controversy shall exceed twenty dollars, the right of trial by jury shall be preserved, and no fact tried by a jury, shall be otherwise reexamined in any court of the United States, than according to the rules of the common law.” The US Dollar was 371.25 grains of fine silver. If the dollar were expected to change in “value” the amendment would have set the value in terms of wheat, cattle or some other good.
Debasement Penalty The Coinage Act of 1792 – Fraud by debasement carried the penalty of death.
Government Costless Money Agriculture Industry Productive Labor Introducing A Third Power Center The Enforcer The Provider The Pump Hamilton wanted this new piece. Jefferson did not. Costless Money is a Cancer in any society. Costless Money is created (debased) in vast quantities (today in milliseconds) and is then used to purchase real property from producers.
Ben Bernanke, 2002 “… the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.” This action once carried the death penalty. Costless Money causes the Booms and Busts.
The Business Cycle (Boom-Bust Cycle) The Official Story – Bright Days Ahead Boom Bust Year 020406080100 But the idea of healthy recovery is a lie.
Government Agriculture Industry Productive Labor Please recall that the US Constitution is designed to protect individual liberty and private property… Gov The Enforcer The Provider
Costless Money But the Booms and Busts have shifted wealth and power from the producers… Government The Enforcer The Provider The Pump Agriculture Industry Productive Labor Agriculture Industry Productive Labor
Government Costless Money Business Cycle Purpose & Actual Effect Agriculture Industry Debt Collapse? Government Regulation Government Growth & Power Year 020406080100 Boom Bust No nation can stand under the burden of costless money.
Our monetary system is Keynesian and Keynes wrote about the destructive effect of inflation at least as early as 1919. Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some… Lenin was certainly right. 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. The Economic Consequences of the Peace, John Maynard Keynes, 1919
Why Does The System Survive? “The few who understand the system, will either be so interested in its profits, or so dependent on its favors that there will be no opposition from that class. The great body of people, mentally incapable of comprehending the tremendous advantages will bear its burden without complaint.” - Rothschild Brothers of London in a private letter
Purpose of Inflation When inflating with costless money, the purpose of inflation is to use NEW MONEY to purchase REAL ASSETS at OLD PRICES, thereby causing a wealth transfer from the people who get the new money last, toward the people who get the new money first.
Why do we tolerate being Pillaged and Robbed? Costless Money The Pump A powerful banker once said: “Give me control of a nations money and I care not who makes its laws.” He was right. Costless money production is the founding and enabling tool of stealth oppression, which is a cancer that eventually gives birth to open tyranny. Our ignorance of basic economic principles leaves us viewing effects as causes, while the causes always remain hidden from our mind's eye. We fund our own destruction while blaming each other for the pain caused by an ever present, yet unseen enemy.
Which Form of Government Do We Want? Gov Government The Enforcer
Which Sort of Liberty Do We Want? Agriculture Industry Productive Labor Agriculture Industry Productive Labor The Provider
Real Solutions for Real Life Costless Money Gov The Enforcer Agriculture Industry Productive Labor The Provider The Pump
“A people or nation that does not understand liberty cannot defend it.” “People must come to understand that there is a deliberate and well defined productivity confiscation system which daily transfers our resources to government for the purpose of tyranny and oppression. I can find no issue more important to the future hope of liberty.” “Productivity is the solution. More properly stated, productivity retained in the hands of the producers is the solution. Government cannot act except by consuming what the people produce. Why do we work to ensure our own destruction? Why do we silently accept a productivity confiscation system which is designed specifically to overturn our free society?”