I have quoted from Bastiat before, and will again. Here below is something from his “Harmonies of Political Economy”, the full text of which can be found here.
Truth is not a four-letter word
A man claiming to be Truth arrives at the temple, and wishes to meet the Dalai Lama.
Announced, Truth enters, sits, and the two sit long, in silence, examining each other.
Truth eventually breaks the silence, and says: “I am here.”
The Dalai Lama asks: “What took you so long?”
Truth responds: “I did not know what I was, nor where I was to be found.”
Dalai Lama: “Do you know now?”
Truth: “I cannot know.”
Dalai Lama: “Welcome, Truth” Continue reading “Truth is not a four-letter word”
Gold standards that work
In previous posts I talked about how we discovered money, and about the failed Bretton Woods gold standard. One must ask: is it possible to have gold as our money, yet still use paper or digital currency? The answer is yes.
Bacq 2 Bretton Woods
I hope if you are reading this, you understand that we didn’t invent money, we discovered it, and that gold is money, or more correctly, currency. We should really reserve “money” to describe the idea alone, and “currency” for what we use to trade.
We have all lived in a time when things other than gold are used as money, i.e. our fiat currencies. When I was born and through my childhood, gold was still very much in use, and that “gold is money” was common knowledge. Continue reading “Bacq 2 Bretton Woods”
Why gold, why tree?
Seeing as we still have the site up, I thought it might be a good idea to try and find all the old passwords etc, find my way in, and try to recall how to create a post here. Done. Now, do I have anything to say? Um, well yes. Lets start with some jokes…
Nigel Farage strikes again!
This guy knows how to spout truth about the EU! I couldn’t agree more about the poor Irish, who have been suckered by the bankers. If they, like Iceland, defaulted and restructured around a new Irish currency instead of lining up at the EU trough, they (and everyone else!) would be much better off.
Let’s get physical!
Having seen that cute animation about “the quantitative easing”, I just had to give it a shot. So I went to XtraNormal.com, signed up, and the content grew out of the limited selection of settings and characters I could use for free, and it morphed into a Max Keiser video. I think Max Keiser’s idea to crash JP Morgan by buying silver is hilarious, and I am in. Everyone, give someone a silver coin for Christmas! If it is to hell in a handbasket we go, we might as well have some fun along the way. Over to Queenie and Tex…
The scary thing, of course, despite my trying to make fun of it all, is that it is all true. The west is imploding, the east won’t, can’t and should feel no obligation to save us, and it sure feels to me that the end of at least some stuff is nigh, despite myriad failed similar prophecies. Step one is to stabilize money. So put some physical precious metal (ie real money) under the mattress! Our central banks are having a fire sale, and it would be a shame if it was in their vault instead of your basement when the implosion occurs.
The American Experiment in Government
I have been watching an excellent set of interviews on a website called Uncommon Knowledge, conducted by Peter Robinson of the Hoover Institute at Stanford University. Focussing on economics and current world affairs, the quality of the interviewees is astonishing. From Thomas Sowell to the very interesting Prince Hans-Adam II, who has reigned in Liechtenstein since 1989, the conversations range through time from the Romans to present day, and cover the planet, from China to the Middle East to North America. They discuss forms of government, policy, war and jurisprudence. I highly recommend watching these. Each interview is about 30 minutes long, and well worth the time. Here is an interview with economist Gary Becker, to whet your appetite:
Uncommon Knowledge can be found at http://www.hoover.org/multimedia/uncommon-knowledge
Crash JP Morgan, buy silver: The first google-bombing
Max Keiser offers up a very different world view than you’ll get on any of the major media. So does Alex Jones at InfoWars (!). The combination has recently proven explosive. A quick googling just now for the exact phrase “crash jp morgan buy silver” produced 266,000 hits. The variant “buy silver crash jp morgan” returns just 3930 [ed: Nov 24 google hit update – 330,000/20,400]. Try it when you read this to see if the numbers are growing or shrinking. This video should explain what is happening. Basically, a new viral mechanism has just been spawned on the ‘net. Watch the videos (even if you think Alex Jones is a kook), then I will follow up by explaining why this is happening, and what it means. Shorting JP Morgan might be a good idea around now…
Continue reading “Crash JP Morgan, buy silver: The first google-bombing”
The “Free” Internet
There it is folks, as “free” as it is. Click in and try to find yourself (circa 2006).
In an exchange of emails with someone on the topic of the “Free Internet”, some things came up in the discussion I would like to share.