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 Posted: Tue Jul 1st, 2008 07:19 am
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Joe Kelley
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 http://www.informationclearinghouse.info/article20208.htm

Why don't we return to the "redistributive" policies which worked so well in the past? Do you think "progressive taxation" is crucial for maintaining democracy and establishing greater equity among the people?




So in most years no taxable income is reported at all. Real estate owners don't even have to pay a tax on capital gains ­what Mill called the unearned increment if they plow back their sales proceeds into buying even more assets. And this is just what the great majority of wealth-holders do. They keep on trading and accumulating, tax-free. The situation is much the same with companies taken over by corporate raiders. Paying interest to junk bond holders absorbs what formerly were taxable earnings paid out as dividends. This is what really is crippling the U.S. tax system and de-industrializing the economy.




I don't see the tax issue being discussed by Congress, except by anti-government tax cutters. And I don't see a realistic discussion beginning until people define just what progressive taxation means. It has to start with defining some kinds of income and investment as more economically productive than others. This would end the tax subsidies for debt leveraging and financial speculation.

 

I can cut in here and offer:

"Government" by the people own their own monetary currency so who, then, recives the profits from that supply?

The answer is simple. The people profit from their currency equitably when the currency is supplied as a non-profit enterprise or, in other words, the profits (interest) goes to 'government' to finance government i.e. Interest on money is a TAX.

That is an example of 'discussion' albiet one part of 'discussion'.

The next quote is now saved for my wife to read:

MW: How should Obama approach the issue of "debt relief" for the victims of the housing boondoggle who are now losing their homes in record numbers? African Americans were particularly hurt by the subprime fiasco. Is there a way to minimize the losses of people who were trapped in a banker's scam?

Michael Hudson: Foreclosures are an age-old problem, so there is a broad repertory of ways to deal with them. In my mind the most effective law is New York State's law of Fraudulent Conveyance. On the books back when New York was a colony, it was retained when New York joined the United States. The problem was that rapacious English creditors sought to grab New York's rich upstate farmland. Their ploy was to lend mortgage money to farmers who pledged their land as collateral. Then they would foreclose ­ sometimes before the crop was in and farmers simply lacked the liquidity to pay. Other lenders would lend too much for the borrowers to pay back when the loan was suddenly called in ­ as could be done back then. So New York passed a law ruling that if a creditor made a loan without having a realistic idea of how the debtor was to pay it back, the transaction would be deemed to be fraudulent and the debt would be declared null and void.

In the 1980s, companies brought this defense against corporate raiders using junk bonds as their weapon of choice. Targeted companies claimed that they would be forced to downsize radically or even have their assets stripped to the point of bankruptcy. I thought that Third World countries that borrowed from the large New York banks should have raised this defense, as the only way they could pay was by either borrowing the interest, or (as matters turned out) stripped their assets by privatizing their public domain to raise the dollars.

  Today, fraudulent bank loans such as Countrywide is accused of making would be prime examples of junk mortgages that should be annulled. But the mayor of Cleveland went further. He brought public nuisance charges against banks whose mortgage lending has led to foreclosures leaving homes vacant. They're being stripped by robbers and used as crack houses. Junk mortgage lenders should be liable to pay the clean-up costs of the debt pollution they've created.

MW: That sounds pretty radical.

Michael Hudson: But that's where the law itself is moving. Just last week, on June 26 after attorneys general in California, Illinois and Connecticut brought fraud charges against Countrywide, the Wall Street Journal quoted a California law professor spelling out that if the states can persuade the courts to grant restitution, it could be a staggering blow against Countrywide, requiring it to give back its profit on all those loans and conceivably give back houses on which it has foreclosed. Financial fraud is a serious matter. The remedies have long been on the books.

MW: Is there a less radical way to keep people in homes which may be too expensive for their incomes or should we be looking for other alternatives?

Michael Hudson: The answer depends on how you define homes as being too expensive. If you're talking about the mortgage's interest-rate jumps and amortization payments being too high to be afforded, then one way to keep them there is a partial write-down of the mortgage loan. Treasury Secretary Paulson already has endorsed a step that remains market-based: to assess what a realistic market price for the property would be, and write down the mortgage to that price.

    The problem comes from homes that are WAY too expensive. This might be the result of a sudden expensive health problem, in which case they probably will have to move, as the United States doesn't have European-style health insurance and prefers to blame the victim for having gotten sick or injured. But if the lender knowingly made a bad loan in the first place and the buyer does have to move because their income is insufficient to begin with, they should get some relocation compensation at the very least, and the full legal remedy for fraud at best.

 
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 Posted: Tue Jul 1st, 2008 07:28 am
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 More from here:

http://www.informationclearinghouse.info/article20208.htm

  Most of all, the price of labor reflects the high cost of housing here ­mainly the cost of carrying a home mortgage ­ plus non-mortgage debt. Labor doesn't benefit from these costs. And as matters have turned out, industry hasn't benefited either. It's the price the U.S. economy as a whole is paying for having become financialized and privatized in a dysfunctional way.

MW: You have said that the financial crisis is analogous to a "boa constrictor wrapping itself around the economy and slowly strangling it." Would you elaborate on that?


 
If 'the government' were to offer two products to the people for consumption the form of those products could be as such:

Product A:
A home and business property mortgage loan at no interest to qualified buyers

Product B;
A one percent interest loan for power production and consumption such as:


The purchase of Solar Panels

The purchase of a Solar Panel installation business ‘start up’

The purchase of an electric car

The purchase of an electric car taxi service



If ‘the government’ merely awarded the license to produce and maintain that new supply of money (not dollars) to compete with the current Federal Reserve issue of fraudulent currency (dollars), then the people could regain control of the economy because the people would have sound money backed by their own honest industry and property.

 
  The moral is that economic strength consists of the ability to create credit that fuels economic growth. But the privatized banking sector is crippling this strength in the United States these days. Instead of creating credit to fund industrial capital formation, the banking system is lending to bail out bad financial pyramiding. 

 Credit is a product that's almost free to create. Its main cost of production is the lobbying expense to buy Congressional support.
The moral is that you can't really have a grab for empire ­and the wars that go with it ­and at the same time have a booming economy.  In 1985 there were just 13 US billionaires. Now there are more than
1,000. In 2005 the US saw 227,000 new millionaires being created. One survey showed that the wealth of all US millionaires was $30 trillion, more than the GDPs of China, Japan, Brazil, Russia and the EU combined. The rich have now created their own economy for their needs, at a time when the average worker's wage rises will merely match inflation and where 36 million people live below the poverty line."
HOLD ON

Please consider this:

http://www.the-portal.org/mutual_banking.htm

Just look for and read the description of something called: The Parasite City.

The dichotomy is not merely between an elite and the masses, or between the vested interests and the downtrodden, the cultured and the great unwashed. It is something much more specific. These two nations, two cities, actually are two economies – Economy #1 (production and consumption) vs. financial and property-based Economy #2 which controls the economic surplus in the form of savings and investment. And the different characteristics of these two economies go far beyond the merely economic dimension.

There are contradictions in that work. The BANKERS monopolize CREDIT costs. They are being challenged by a competitor.

The competition is Islamic Finance.

Here:

http://www.google.com/search?hl=en&q=Islamic+Finance

1 - 10 of about 1,200,000 for Islamic Finance

Watch how that grows.

Example:

http://www.forbes.com/2008/04/21/islamic-finance-sharia-islamic-finance-islamicfinance08-cx_ee_mn_0421islam_land.html

Islamic finance is booming

Why?

http://www.informationclearinghouse.info/article19818.htm

Partnership is the heartbeat of Islamic economics. “Underlying the system is the philosophy of risk sharing: the lender must share the borrower’s risk, making the two in effect partners, injecting a strong social component into the financial system. This concept separates Islamic Finance from Western Finance, which seeks to maximize profits and minimize loss through diversification and risk transfer.” Also, money must be put to work. Because Islamic finance prohibits interest, it seeks revenues from rents, royalties, business profits, or commodity trading; a mortgage, for example, represents a “rent to buy” arrangement. Thus, conceptually, Islamic economics is the opposite of Western finance, which revolves around the individual’s self-interest.

That is an example of employing the cost principle. Costs are not passed onto victims. Costs are accounted upon those who cause costs.

 

 




 

 

 



Last edited on Tue Jul 1st, 2008 07:58 am by Joe Kelley
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 Posted: Tue Jul 1st, 2008 02:20 pm
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 http://www.informationclearinghouse.info/article20206.htm

Meanwhile the US markets have entered bear territory, the economy has done likewise and we are at the beginning of a long and tortuous process before rebuilding can even commence.

 

Who is "we"?

We is the people who have the license to enforce legal tender. That "we" will actaully have to work to earn their pay (interest). If "we" The People regain license to enforce our own legal tender, then we can begin to prosper on that Liberty Day.

 

 

 
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 Posted: Sat Jul 5th, 2008 10:31 am
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Once oil passed $140 a barrel, even the most rabidly right-wing media hosts had to prove their populist cred by devoting a portion of every show to bashing Big Oil. Some have gone so far as to invite me on for a friendly chat about an insidious new phenomenon: “disaster capitalism.” It usually goes well — until it doesn’t.

 
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 Posted: Mon Jul 7th, 2008 06:30 pm
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 http://www.lewrockwell.com/north/north636.html

The academic guilds are not used to open entry. They are not used to public criticism from non-guild members. If the public ever figures out that it can escape the clutches of higher education in the United States, which absorbs about a third of a trillion dollars a year, the game will end. The guilds will have to compete in a free market. They are not used to this. They will resent it. But they are going to have to learn to live with it.

 

If, say, someone is excluded from posting on the Austiran Economics Forum for failing to obey strict gag orders, well, long live the web.

 

 
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 Posted: Wed Jul 9th, 2008 12:46 pm
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 ++++++++++++
FREE Energy!!! I have several friends, with actual working vehicles... It Works!
++++++++++++

Zekiel,

We are brainy beings. Our actions involve willful calculations as well as routine, instinctual, even robotic repetitive reactions. In order to break out of the routine, for human beings, the mind must be willfully employed.

Lesson number one, for the criminals, is to destroy the propensity to employ brain power by the victims. Victims will not be victims once victims employ their brains willfully.

I offered a test in the other thread and this test is even easier to do than converting an automobile to burn water as fuel. This is an economical test. This is a brain test. This is a test of individual will power.

Before anyone spends another penny (a penny is now a very good bargain at half cost/price) on phone charges (there are now many scams where phone bills are charged to customers for absolutely nothing but fraud) consider the following:

http://www.magicjack.com/4/index.asp

I ordered one. It is on the mail. The willful practice of bypassing unnecessary expenses such as long distance phone charges are already becoming routine in the gaming industry where gamers are employing voice communications programs over the internet.

Here are a few examples:

http://www.goteamspeak.com/

http://www.ventrilo.com/

Note the business model (FREE DOWNLOAD)

No one can challenge the facts here without an obvious embrace of falsehood.

Phone companies employ legal methods of stealing power from people. People employ legal methods of stealing power from people.

Who is given the license to supply people with phone service? Who is given the license to own and sell the medium of exchange?

If someone wishes to test out the theories (conspiracy theories), then someone can. Consider, for example, the phone bill. How much is the phone bill?

What does the phone bill purchase? Can the phone bill be reduced?

The answer is: yes.

The answer is not: no.

Now employ math.

1. Lower the phone bill (from many people to a few people)
2. Lower the fuel bill (from many people to a few people)
3. Lower the mortgage interest bill (from many people to a few people)
4. Lower the insurance bill (from many people to a few people)

When testing, please consider, testing anyone who answers those questions above with a “impossible” answer.

An “impossible” answer is an answer that does not lead to actual lowering of one through four.

Add the phone bill for one person once that bill is lowered by, say, 90 percent (or more).

Add the phone bills up for everyone who lowers their phone bills by 90 percent or more.

Example:

100 dollars per month for 3 billion people becomes 10 dollars per moth for 3 billion people.

That is a rough average that can be scaled up or down from 100 dollars to 1000 dollars or 10 dollars where the reduction remains to be 90 percent.

You and I already know how water is fuel and that switching to water as fuel is merely a matter of right action overcoming wrong routine. I tend to think that Solar Power will be the most power for the least cost as electric cars will dominate the transportation industry. Either way, water as fuel, solar fuel, a mixture of many kinds of fuel, the end result is the same where fuel costs lower and answer number two on my list.

Add up one person’s reduction in fuel costs and then add 3 billion people reducing fuel costs flowing from those consumers to the present suppliers of fuel, which are the oil companies.

100 dollars per month multiplied by 3 billion people reduces by 90 percent down to 10 dollars per month.

Now we have two things to add up.

Phone and fuel goes from 200 (times 3 billion) to 20 dollars per month flowing from the people who work for a living and produce wealth to people who profit from phone and fuel supply licenses.

Now move to number 3, which is mortgage or ‘legal tender’ interest. This is a big one. This is the monster that sucks the life out of a liberated economy. A person who must exist on this planet must work for and pay for a home all his or her life. The charge of interest, the minimum, will force a person to work and pay for two homes over the span of a 30 year mortgage. That relationship transfers power from those who earn it, create it, and maintain it to those who gain the license to supply legal tender.

Add that up.

Each person pays double for a home – minimum (if they borrow the credit to do so). Therefore the simple way to compute that simple interest saving, in my opinion, is to eliminate it (for people proven to be credit worthy). If the monthly mortgage average for home and business persons is 1000 per month: 500 per month is a simple stroke of the pen or press of the keyboard keypad.

Enter

From 100 phone, 100 fuel, and 1000 mortgage to 10 phone, 10 fuel, and 500 mortgage and times that individual reduction in cost by 3 billion.

From 1200 billion per month to 520 billion per month flowing from those who produce wealth to those who have the license to supply (and monopolize) communication, fuel energy, and legal money.

Now move to the biggest expense on the list: insurance.

This effort is already well beyond the sound bite and therefore less likely to gain currency, be read, be understood, serve to educate, inspire willful employment of brain power, or otherwise transfer accurately from me to the reader so I am going to cut this part as short as possible; potentially leaving out vital data.

Insurance is more than that which meets the eye. Insurance will cost the beneficiary as power flows to a collection point or fund. Insurance will then flow out of the collective fund to individuals who must have that power or they will suffer. Insurance is deterrence.

Factor the investment in deterrence to the reduction in costs by any means possible and see what your brain can compute accurately. I can help test your results if you ask for my help.

Suppose that there is no net gain or loss in either side of the insurance cost/benefit ratio and therefore suppose that no savings is earned by lowering insurance costs while retaining the same insurance benefits. This is hardly reasonable considering the current state of insurance costs and insurance benefits, yet the subject isn’t even on the table – currently. No power is willfully expended toward actual reduction in insurance costs so as to increase insurance benefits currently; however, there are expenditures currently and willfully being expended toward increasing the price of insurance while reductions in benefits are willfully and effectively reduced.

Adding up current realities will then net the following:

1. 90 percent reduction in communication costs
2. 90 percent reduction in transportation costs
3. 90 percent reduction in legal money costs
4. Costs for insurance remain the same while insurance benefits remain the same.

Now your brain, if you have followed this far, may be taxed beyond capacity. You will now be given, or offered, an over-supply of data. Your brain may explode. I can’t say. I can say that no one follows this to date. No one can see this and communicate this understanding back to me, as accurate feedback, yet.

Take the savings from the first three, communication, transportation, and legal currency costs and invest those savings into reducing the costs of insurance while increasing the benefits of insurance as deterrence.

Did your brain explode?

If the people collect their power into a single powerful bank or fund and employ that power as a means of deterring crime what happens?

Answer: Criminals steal that power

Or

NOT

Either it works or:

“We furnish the means by which we suffer.”
 

http://www.restoretherepublic.com/component/option,com_fireboard/Itemid,27/func,view/catid,34/id,6958/#6958
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 Posted: Wed Jul 9th, 2008 02:12 pm
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 We find ourselves, nevertheless, at a certain transformational moment where things that had long gone unsaid are now being spoken aloud.
 

http://www.guardian.co.uk/commentisfree/2008/jul/08/usa.warcrimes
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 Posted: Wed Jul 9th, 2008 03:22 pm
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 http://www.lewrockwell.com/dilorenzo/dilorenzo144.html

Hamilton subsequently denounced the new constitution as "a frail and worthless fabric."

 

Who has been tricked?

The Constitution legalized slavery; how can anyone promote it with a straight face?

Answer: Ignorance or fraud

 Hamilton also invented the notion of special "war powers" that are not specifically delegated to the federal government by the states. He subsequently argued for a standing army, funding of the army "without limitation," and the nationalization of all industries that supplied goods to the army. 

The suppression of the rebellion against "legal tender" money monopoly i.e. The Whiskey Rebellion required a force of arms. G.W. conscripted that force of arms, the Watermelon Army, to invade the frontier and reclaim the power to extract wealth from free people all of which was made lawful by The Constitution.
 
Section 8 

http://www.usconstitution.net/const.html#A1Sec8 

To provide for calling forth the Militia to execute the Laws of the Union, suppress Insurrections and repel Invasions;
Back to the gulible and/or fraudulent propaganda:

and its potential to cause government to grow vastly larger than what the Constitution called for


The Constitution called for the suppression of insurrections. How can the suppression of insurrections be interpreted in any other way besides absolute despotism?

When the slaves revolt: the law licenses their torture and mass murder, on purpose, and for profit.

Wake up people.


 

 

 

 




 

 


 



Last edited on Wed Jul 9th, 2008 03:36 pm by Joe Kelley
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 Posted: Wed Jul 23rd, 2008 12:11 pm
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http://www.lewrockwell.com/north/north641.html

This makes it very difficult for defenders of the free market to get the message to the vast majority of voters. The argument in favor of the market is sophisticated. It involves long chains of reasoning. Only a handful of economists ever come up with a truly brilliant image that is understood by the public, remembered by the public, and advances the public's understanding of the benefits of the free market social order. The greatest master of these images was a French economist and politician named Frédéric Bastiat. He died in 1850. No one has come close since then.

 

Gary North has an interest in positive interest where someone manages to extract power from someone at a rate determined by "market forces" and the flow of power goes from the borrower to the person who loans the power.

The borrower pays.

The loaner profits.

That is Gary Northism.

Gary North can't see past Gary Northism.

Here are a few examples of free market interest that does not go as Gary North dictates interest flow.

http://www.the-portal.org/mutual_banking.htm

That is an expose on 'interest' where an interesting thing occurs when interest flows from those who loan purchasing power to those who produce purchasing power and the flow of power goes from those who produce to those who loan. The interesting phenomenon is called a Parasite City.

Next is a link that documents how interest can flow in the opposite direction as “negative interest”, and this type of power flow goes from the loaner to the borrower.

 

http://www.globalideasbank.org/site/bank/idea.php?ideaId=904

 

The loaning agent freely exchanged with the borrowing agents until the Gary Northism type banks (positive interest) took over. You may have to read the words in the link to see how that worked out in history.

 

Here are two links that describe a thing called equity, which is a non-interest transfer phenomenon where borrowers and loaners keep the power they earn and neither borrower or loaner are encouraged to pass on costs to the other.

 

http://tmh.floonet.net/pdf/jwarren.pdf

 

That one is called Equitable Commerce. The writer actually tested his invention and it worked. The writer also invented his own printing press and employed that invention in the production of News Media to compete with the news media monopolies of his day.

 

http://www.anarchism.net/scienceofsociety.htm

 

That one is called The Science of Society and it describes equitable commerce in a more detailed expansive manner than the original, sort of like an Equitable Commerce for Dummies.

 

http://www.perfecteconomy.com/pg-parable-of-perfect-economy.html

 

That source is a modern source that bridges the gap in history from the start of the American experiment with its colonial script to the modern application of that interesting monetary employment.

 

Whenever someone claims to have the exclusive ability to communicate monetary wisdom, check your wallet.

 
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 Posted: Wed Jul 23rd, 2008 02:56 pm
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 http://www.lewrockwell.com/grigg/grigg-w33.html

Last week, during a brief digression in the ongoing efforts to socialize the losses suffered by the super-rich kleptocrats at Fannie Mae and Freddie Mac, Congress conducted an authentic Orwellian hate-fest directed at "super-rich" people who had earned their money through legitimate enterprise.

Please note how these supposed free market proponents are so quick to apply the political means of fraud when they point fingers at the bad guys and support the good guys. There isn’t any room for doubt. “Socialism” is bad. “Capitalism” is good.

 

By that demonization the entire populations of people who support social structures are condemned as bad, while conveniently the entire populations of people who support capital structures are good.

 

Here is where the dogmatists confess their duplicity. If the free market did factor into this free competition between social and capital structures the winner would earn its place. Where is this free market?

 

Here:


Orwellian hate-fest directed at "super-rich" people who had earned their money through legitimate enterprise.

Where is an example of one of these "super-rich" people who had earned their money through legitmate enterprise?

I'm going to link 25 examples of something.


The 25 Most Vicious Iraq War Profiteers

When speaking about criminals and their crimes, it seems to me, it is a good idea to follow the paper trail to the people who benefit most from those crimes if the idea is to account for the actual people who plan on and then execute crimes.

Why call "them" socialists?

What is the point if not to collectively punish innocent people for the planned actions of a few very powerful people? How do these people actual gain so much power in the first place?

Why not ask legitimate questions and seek accurate answers? Why blame “socialism” for the actions of people who plan on and execute robbery, torture, and mass murder for profit?

Why label the criminals with any label other than criminals?

If “capitalism” is so much more superior to “socialism”, then why plan on and execute fraud and violence in the effort to exclude social structures?

The real competition being demonized, tortured, and murdered may be Islamic Finance. Islamic Finance threatens The Dollar Hegemony with products that offer higher quality for lower cost.

Islamic Finance offers accountability as a quality. Islamic Finance offers no-interest costs to consumers. Is that the real enemy or not?

Why ignore the real competition? Why point fingers at phantoms?

Russian, China, Venezuela, and Iran are places were people live. Why blame them for failures in market experiments by labeling them with the bogus term “socialist” as if “capitalists” have a patent or copyright on the “Free Market” of social structures.

The answer is a confession; that is why the answer will never materialize from the mouths of capitalists.

The following is worth reading:

http://www.financialsense.com/fsu/editorials/dorsch/2007/0501.html
The “Axis of Oil” led by Russia, Iran, and Venezuela, is slowly chipping away at the US dollar’s status as the world’s “reserve currency.”
Are the "socialists" becoming "capitalists" or are these terms meaningless beyond dogmatic politicization?

 

 

 



Last edited on Wed Jul 23rd, 2008 03:02 pm by Joe Kelley
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 Posted: Wed Jul 23rd, 2008 03:13 pm
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 Demonizing Iran is an old trick. It does what demonizing the Soviet Union did decades ago: it pumps up the jingo mindset. It pumps up military budgets. Military spending draws down domestic spending – a key right-wing agenda.

http://www.informationclearinghouse.info/article20342.htm

The fight is certainly a power struggle. The PUMP is an interesting analogy.

I am going to link one of my efforts to inspire accurate data flow from the Austrian Economists who can be seen as right-wing people with a right-wing agenda with a mantra that involves the flow of power by way of interest payments from those who create purchasing power to those who loan out The Dollar from their Dollar Hegemony Power Plant (it produces falsehood and violence by the way).

Here is the link:

http://www.austrianforum.com/index.php?showtopic=364

My personal history within that power structure remains a documented history on this date of July, 23 2008.

Here is an example of my illustration of the PUMP:




 

The idea is to view the social structure from as many angles as possible so as to find one angle that makes sense compared to another angle that is nonsense.

Here, again, is one angle among many:

http://www.islamic-finance.com/aboutus_lectures_past_f.htm

Islamic Alternatives to Interest-based Banking and Finance
Forum for Stable Currencies, House of Lords, Westminster, London, UK
download here

 

The competition is between interest-based Banking and any alternative.

The simplicity of this competition can be viewed with an illustration.

If anyone who has a history of good credit is presented with a choice between high quality money A and high quality money B where both products are as good as each other and one does not cost as much as the other the competition is over.

Let the best money win.

High quality at a lower cost

The Austrian, right-wing, capitalist professors (I've met them personally) will not discuss the competition. If they do somehow recognize the competition the discussion is over, the dogma flows forth like a flood in New Orleans.

 

 

Last edited on Wed Jul 23rd, 2008 03:22 pm by Joe Kelley
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 Posted: Thu Jul 24th, 2008 02:17 pm
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Mana: 
 http://theinternationalforecaster.com/International_Forecaster_Weekly/Super_Losses_Super_Layoffs_Super_Bailouts

The only remaining alternative is the saving of the dollar as the world's reserve currency, the elitists' collective, comprehensive, corporate failure and the purging of the system.  Of course, since the elitists and their transnational conglomerates are the ones who stand to get purged, that is not an acceptable alternative to them.  However, for us peons, it is the only sensible, though painful, alternative.  We doubt that the dollar can still be saved as the world's reserve currency, but it's still worth a try since success could make recovery much faster and easier.  We either take the path to purge the system, or we ourselves will be purged by the Illuminati, albeit not to the extent that they had hoped due to their inept bungling of just about everything.  NO MORE BAILOUTS USING TAXPAYER FUNDS!!!

 

There are many alternatives, as many as there are people. Connecting people together in a productive fashion requires an honest, transparent, and high quality medium of exchange - at the lowest possible cost.

If that medium of exchange could be The Dollar one might think that it would be The Dollar by now. It is not. The Dollar and The Dollar Hegemony created what we have now; how is it working for you?

The name or label is false when the result is destructive. The Dollar is just a label, less than a god damn piece of paper. The Dollar is merely letters arranged in a specific order.

The thing labeled is the thing that makes things happen, not the label. The thing that has the power to purchase is the thing that has the power to purchase and when someone actually has an interest in following the paper trail to the origin then someone will find some one, a person, who has the power to purchase.

The medium of exchange can be one thing or it can be many things. The medium of exchange can be honest or it can be dishonest in function, only people are dishonest in character – by their actions. You won’t get one to confess, dishonest people are dishonest.

The medium of exchange can be accurate or it can be inaccurate. Which is better? Who decides which is better?

The medium of exchange can be specific for specific things or it can be ambiguous and unspecific to anything. Who wants which type? Which type can be laundered? Which type is always clean?

The medium of exchange can be supplied at the rate that is equal to the demand or it can be scarce and then it can be overly abundant by design. Knowing when it will be scarce or not is something worth knowing, something to bank on.


 

 
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 Posted: Thu Jul 24th, 2008 05:08 pm
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Joe Kelley
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Mana: 
 http://washingtonyourefired.com/RestoreTheRepublic.html

I submit the following question:

Will free banking produce the highest quality currency at the lowest cost due to the nature of competition in a true free market, and if so then what are some of the most favorable qualities of the dominant curerncy that will dominate the free money market and what will be the cost of borrowing that currency (conversely what will such currency generate in interest income)?

 

Example: Islamic currency charges interest at cost, so will that currency gain market share once The Dollar Hegemony goes bankrupt?

 
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 Posted: Tue Jul 29th, 2008 10:14 am
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Joe Kelley
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Mana: 
 http://www.informationclearinghouse.info/article20373.htm

Bank runs are a direct hit on the foundation of the free market system.

 

That is not true. That is seriously inaccurate.

Bank runs expose the weakness of a fraudulent currency monopoly of “legal tender”. The fabric of the big lie is unraveling and exposing the frauds and dupes. The Mike guy is seriously wrong.

 
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 Posted: Wed Jul 30th, 2008 01:30 pm
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Joe Kelley
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Mana: 
 http://www.lewrockwell.com/podcast/index.php?p=episode&name=2008-07-29_008_the_scam_called_the_state.mp3

Free Banking?

Highest quality currency at the lowest cost?

 

 
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 Posted: Sun Aug 3rd, 2008 12:58 pm
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Joe Kelley
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Mana: 
 http://www.informationclearinghouse.info/article20407.htm

"Ladran, luego cabalgamos" (the dogs bark, therefore the caravan is moving), he said, quoting from el Quijote.



 
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Joe Kelley
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Mana: 
 http://www.lewrockwell.com/buppert/buppert11.html
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Mana: 
 http://www.informationclearinghouse.info/article20608.htm

 
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Joe Kelley
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Mana: 
I have an open source experiment for y'all

 

I invented a political/economic LAW and I call this law Joe's Law. I tried to get Wikipedia to publish it; however that effort failed.

 

The political/economic LAW is my discovery; the words describing the political/economic Law are my invention.

 

The reason why this open source experiment is being offered in this thread could become obvious to the reader as the reader works on the open source experiment.

 

Someone, or many people, suggest that open source won’t make someone rich and the alternative is to patent an invention so as to get rich as the patent enforces the elimination of competitors who re-produce the item that is under the patent enforcement mechanism.

 

Once the reader becomes familiar with the political/economic LAW (as it exists in reality) their notions of patent enforcement may change.

 

I’ll offer my invention of wording (Joe’s Law) of the political/economic LAW and then describe a few illustrations as to how it works in reality. Any reader can compete in this open source experiment whereby the political/economic LAW is described with better wording through the open source business model. Someone can steal the discovery or the credit for discovering the law and as far as I am concerned it really doesn’t matter once the reader (observer) understands the far reaching implications of the political/economic LAW.

 

Joe’s Law:

 

Power produced into a state of oversupply reduces the price of power while purchasing power increases because power reduces the cost of production.

 

One possible illustration (one of many possible illustrations) of the above political/economic LAW concerns any device that produces more power than the power expended during its production.  

 

An example illustration that currently exists is the Solar Panel; therefore I’ll use the Solar Panel as the first illustration of the political/economic LAW (I call it Joe’s Law).

 

Again:

 

Joe’s Law:

Power produced into a state of oversupply reduces the price of power while purchasing power increases because power reduces the cost of production.

 

I can link to one solar panel producer claiming to offer a product that pays for itself in one year. That means that you buy the solar panel and one year later the solar panel produces enough electricity to pay for the solar panel.

 

Other solar panels are now sold with a 25 year guarantee of electric production.

 

Certainly the costs of solar panels are reducing while the output of solar panels is increasing so the above is meant to be a general current cost/benefit ratio.

 

Example:

 

1000 dollars is the cost of one solar panel.

 

The one solar panel produces 1000 dollars worth of electricity (at today’s prices) in one year.

 

The solar panel produces a total of 25,000 dollars worth of electricity (if the price of electricity stays the same) over 25 years time – guaranteed.

 

Look at Joe’s Law again (and you can improve the wording if you care to participate in this open source experiment):

 

Power produced into a state of oversupply reduces the price of power while purchasing power increases because power reduces the cost of production.

 

Now the idea is to illustrate how Joe’s Law works by cutting and pasting solar panels into the political economy.

 

Solar panels (power) produced into a state of oversupply reduces the price of solar panels while money (purchasing power) value increases because power reduces the cost of production.

 

The reason why the word “political” is employed into Joe’s Law should become obvious to the thinking reader. If, for example, you are going to enforce your patent laws then you may begin to understand why there is an enforcement currently being enforced on the production of each unit of legal money.

 

You cannot sit at home and manufacture dollars and get away with it for long.

 

Can you sit at home and manufacture solar panels and get away with it for long?

 

Now, before I leave this challenge up to you, I will illustrate how Joe’s Law works in reverse:

 

Power (oil) produced into a state of scarcity will increase the price of power (oil) while purchasing power decreases because power (oil) reduces the costs of production; and therefore everything made with oil will cost more to purchase.

 

The ball is in your court.

 

 

http://www.restoretherepublic.net/user_iforum_posts.php?f=1028&p=10151&pg=1&justadded=1

 

 
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 Posted: Sat Aug 30th, 2008 11:59 am
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Joe Kelley
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Mana: 
 http://www.lewrockwell.com/north/north649.html

This is why Keynesians refer to government spending as "investing."

 

I think Gary North is one of the most accurate Gold Bugs around. He is one of the capitalist bunch who employ the capitalist pricing scheme which is fine so long as no one employs fraud (lies) and force (violence) to eliminate any competitor who may employ something other than the capitalist pricing scheme.  Some words written by Gary North indicate that he does favor an honest free market.

Why does he confuse ‘saving’ with ‘investing’?

 The textbooks describe the anti-recession policy of the government as injecting new purchasing power into the economy, but without ever mentioning the process of either pulling purchasing power away from taxpayers and buyers of government debt or the counterfeiting operation of the central bank.
There is the answer. He who invests in the "government" wants to profit from what the government does; therefore 'smoke and mirrors' is employed by calling 'investing' (in profits from the government) 'saving' (something that is a false front for profiting by employing the government as the means by which profit is extracted from the victims of that false front pyramid scheme).

How could a self-respecting Austrian Economist sleep at night if he or she knew that he or she profited by torture and mass murder (what the government does)? Obviously he or she either does not have a conscience in the first place or he or she needs to create a smoke screen by claiming that investing in what the government does is ‘saving’ (which everyone knows is a thrifty thing to do).

I went to a Las Vegas Financial Markets Convention put up by The Mises Institute and the Austrian Economists. That was in 1996. I paid my fee to attend. The people who put on the show solicited questions for the panel. I asked many questions concerning the power of the internet as an anarchistic free market, the power of China to become an economic contender, and other things. Not one of my questions was answered directly. I was shunned to say the least.

Someone there did answer my question indirectly. That honest person said:

“If you can’t beat them…join them.”

Lie and cheat.

Go ahead and torture and mass murder too; profit at the expense of the victims.

That is the FREE MARKET.

It is free from conscience.

It is free from truth.

The FDIC's job is to conceal what is happening. It refuses to reveal the names of suspect banks. The other banks go along with this, because they do not want to be hit by waves of doubt. Customers may buy T-bills rather than bank CD's. Bankers are never sure which bank will be hit by runs and which will benefit. For the sake of continuity, they support the FDIC. They don't want to rock the boat. 
There it is again. "They" (those innocent guys) "save" by transferring their purchasing power (how did "they" earn it in the first place?) from the Banks who have a license to monopolize and therefore extract power by usury (enforced monopoly on the supply of money) to the power that administers the license to monopolize currency.

Choice A:

“Save” money by employing a bank for a piece of the action (a lesser rate or interest) whereby the bank charges people to use legal currency.

Choice B:

“Save” money by employing the government to collect an interest profit directly from the people. 

Those two choices are called “saving”.

Get it? Nudge, nudge, wink, wink.

How did this happen? Why didn't the FDIC sound an alarm? Because the FDIC was itself deceived.

 

And Gary North is himself deceived. The capitalist pricing scheme is the cause of this so called “problem” which isn’t a problem to those who “join em”. The idea, of capitalism, is to gain at the expense of a victim. The idea, of capitalism, is to pass on costs. The idea, of capitalism, is to remove the limits of price by any means.

The Austrian hero explains:

“every individual will attempt to secure his own requirements as completely as possible to the exclusion of others.” Carl Menger (1840 -1921)


 

Last edited on Sat Aug 30th, 2008 12:22 pm by Joe Kelley
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