December 2011
4 posts
“The smallest minority on earth is the individual. Those who deny individual...”
– Ayn Rand in 1961, and why I support Ron Paul in 2012.
RIP Christopher Hitchens 1949-2011
I know I’m super late on this. Hitchens passed away over a week ago, which is like a year in the blog world, but his passing cannot be underscored enough. Love him or hate him, the world just got a little less interesting. If you really want to see how to properly debate someone and/or use the English language off the cuff, watch his guy on youtube. Looking forward to his memoir and Vanity...
How the National Media decided to report that Ron...
National Media Reporter #1: Dang, we can't find anything bad about Ron Paul's policies.
National Media Reporter #2: I actually don't even understand what he's saying. What is the Federal Reserve anyways?
National Media Reporter #1: Dude, I don't know. Um, has he cheated on his wife?
National Media Reporter #2: No, I don't think so. Is he friends with Taliban, or China?
National Media Reporter #1: No, I don't think so. What are we going to say about this guy?
National Media Reporter #2: Well, even though we've already accused him of being a racist in two other elections, do you think we should do it again?
National Media Reporter #1: Yep, lets call Ron Paul a racist.
----
CNN News Anchor: Ron Paul is a racist even though he opposes the racist drug war, Iraq war, the racist Military Draft, the racist death penalty, and the police that heavily brutalize minorities.
November 2011
1 post
“I predict future happiness for Americans if they can prevent the government from...”
– Thomas Jefferson
October 2011
4 posts
Peter Schiff vs. Occupy Wall Street
Peter taking a break from the Financial Front and in the trenches fighting the fight on the Civilian Front. The purpose of the OccupyTheFed movement is to focus the attention of the #occupywallstreet movement towards the head of the snake, the Federal Reserve System. The fireworks start at the 1:00 min mark.
Gold Is Not Backed By Anything
More financial propaganda as Rome burns. And the sheep go BAAHH-AAA-AAAH. To their credit, this is a Canadian news channel. But wrong on so many different levels. Gold is backed by +5000 years of use as actual money. It is backed by the weight of human history. Everything else is just fiat.
“The issue which has swept down the centuries and which will have to be fought...”
– Lord Acton, 1875.
Occupy the Fed
Why Wall Street, which is the recipient of government handouts, and not The Federal Reserve, which is the giver of government handouts?
New hashtag for ya’ll: #occupythefed
September 2011
5 posts
Mr. Schiff Goes To Washington
Watch Peter Schiff’s excellent testimony before the Congressional “jobs” committee in response to Obama’s new “jobs plan.” This man is an economic genius. Like father like son (read Irwin Schiff’s Congressional testimony 40 years ago basically saying the same thing excerpted from The Biggest Con).
September 11 – Ten Years Later for Investors
[via Across the Street]
CNN Debate 9/12/11 Outro: What Would You Bring to...
Ron Paul mentions Austrian Economics (or as others would call it, economics) in tonight’s Republican debate.
Today's MSNBC/Politico GOP Debate
LOL even the graph is biased! Congrats MSNBC. That was the biggest piece of shit moderating I have ever seen on planet Earth. There were like a total of 6 questions for Ron Paul but a two hour cuddlefest between Perry/Romney? Disgusting, UGH!!!
Maxine Waters: Dig A Ditch and Then Fill It Up...
Getting ready for the big “jobs” speech tomorrow (or lack thereof).
Breitbart.tv:
On “Meet the Press”, Rep. Maxine Waters (D-CA) expressed her hope that president Obama offers a “Bold” jobs program this week. She then goes on to explain her economic philosophy. Unfortunately, NBC News’ David Gregory doesn’t ask Rep. Waters how our ...
August 2011
12 posts
3 tags
“We are shut up in schools and college recitation rooms for ten or fifteen years,...”
– Ralph Waldo Emerson. (via libertarians)
Bank of America is in Deep Sh*t
“This Federal Reserve Act establishes the most gigantic trust on earth. When the...”
– Hon. Charles A. Lindbergh, Sr., Dec. 23, 1913
Lew Rockwell: Death of the Dollar
“40 years ago today former President Nixon was fighting inflation and overwhelming war costs and with that he ended the last remnants of the gold standard. At that time Nixon claimed he was defending the dollar but his critics said it was one of the most damaging decisions in modern economic history. Are we feeling the effects of this decision four decades later? Lew Rockwell,...
Happy Anniversairy! August 15, 1971
Thanks to whoever uploaded this masterpiece of political theater. Forty years ago Tricky Dick turned our country into a giant printing press, and the dollar has lost 98% of its value since. Within a few years’ time, Obama will come out with his own version of this speech.
FOMC Today Announces: "Exceptionally Low Rates...
Exceptionally low = 0%. Getting ready for capital flight, no pun intended.
Opting Out of the Dollar = "Domestic Terrorism"
“In response to the US dollar’s declining value some citizens and states are making moves to mint their own alternative currencies.
At least one (Mr. Bernard Von NotHaus) has been convicted on counterfeiting charges and labeled a domestic terrorist by the US attorney.
More are still trying to get their currencies circulating. With the Fed talking about more quantitative ...
Gold Says Fuck You to the Debt Ceiling and S&P
New all-time high. Next stop, $1,800. At this pace, we might even hit it this week.
“I maxed out my $14.3 trillion credit card by bombing too many third world...”
– First World Problems (via lordchumley)
What is Austrian Economics?
“Freedom Watch highlights the Austrian School of Economics. The only econonmic school that predicted the Great Depression, the 70’s inflation, dot com 90’s crash and the 2007 Housing Bubble.
Why don’t our elected officials listen to these economists? Because the Austrian school promotes savings, investment, and a sound money based on a 100% gold standard. On a gold...
July 2011
13 posts
“I no longer believe that freedom and democracy are compatible.”
– Peter Thiel (co-founder of PayPal, investor in Facebook). (via libertarians)
The Case for Gold
Wow, this is one of the best animations I’ve ever seen on monetary history. And lord knows I’ve seen a lot.
Happy 99th Birthday Mr. Friedman
What a titan.
In celebration, going to watch old Phil Donahue clips here
and here.
Peter Schiff Killing It At The Council On Foreign...
I finally found this CFR video with experts outlining US-China trade relations. Peter (on the left) is the only economist you can actually understand on this panel. Wait for his marriage metaphor…genius.
Cheers to Dos Equis’ Most Financially Insane Man...
“Increasing America’s debt weakens us domestically and internationally....”
– Barack Obama, March 16, 2006. Hypocrisy at its finest.
New Ludwig von Mises Ad
Juxtaposing US currency with hyperinflation alumni Zimbabwe and Weimar, a chillwave soundtrack, and two magna opera of books (Human Action and Man, Economy, and State)—the Austrian economists over there at mises.org really know how to make a chilling school advertisement. Wish I had more time to enroll.
One of these days…
BitCoin Hits Mainstream
Ron Paul vs. Ben Bernanke 7/13/11
Paul: Is gold money??
Bernanke: … no.
Paul: WTFLOL!!
Is it just me, or does Ben Bernanke sound like a scared little quivering child every time he speaks?
Gold responds by hitting an all-time high after the Chairsatan’s comments.
This Is What Global Financial Interconnectedness...
From the new BIS report (or as I like to call, BS report) on banks and sovereign debt.
Wow, this is a shitload of counterparty risk.
Notice the absence of gold.
Read more
WikiLeaks' Brilliant MasterCard Commercial Parody
Ben Bernanke is a Murderer...
Marc Faber:
“…If you print money everything will go up…and now the money printing doesn’t go into housing because we have an oversupply of housing, but it goes into equities and for Mr. Bernanke unfortunately into commodities. And this is lifting the cost of living of the median household, of the typical household in the US…Mr. Bernanke is a murderer, he’s a...
June 2011
3 posts
June Reading
This is turning out to be so much more than a dollar crisis book.
I like how he parallels the economic breakdown to the breakdown of Western culture as a whole:
“So, why is our society so discontented that we seek outside sources to fill our longings?
I believe that the primary source of our discontent comes from the advertising media.
As a society, we have been brainwashed into...
Can Bitcoin Destabilize the Global Financial...
This is what happens when Anonymous gets a bank.
A bitcoin is a virtual currency that can serve as an alternative to the dollar, and I think is the first of its kind.
Completely decentralized, so Ben Bernanke can’t print more of it to enslave your children (with debt).
Follow The Money:
The same people who brought you Wikileaks are back, and this time, they’ve created a virtual...
May 2011
2 posts
Fight of the Century: Keynes vs. Hayek Round Two
I know I’m a little late on these Keynes vs. Hayek rap videos, but THIS is how you market Austrian ideas to the new generation.
Gas Prices Are Actually Historically Cheap, If...
lewrockwell.com:
Sign at Ashland, Oregon station. (Thanks to Katcha Sanderson for the photo.) Two Roosevelt dimes contain 0.14468 oz of silver. If gas costs $4 in FRNs, then the implicit price of silver that makes $4 equivalent to 0.14468 oz of silver is $27.65 per ounce. So, this price seems roughly in the ballpark. But, if we take $35, which is nearer today’s silver’s price, then the implied...
April 2011
4 posts
Ayn Rand in Mike Wallace Interview 1959
“If the current collectivist trend continues…”
So applicable today.
What a titan.
Charts du Jour 4/25/11
The 2009 74.00 DYX support, taken out.
Next stop, 71, and we will be in uncharted territory, my friends.
Silver is up over 51% YTD, after 80% performance in 2010.
Gold Opens $1,520, Silver Over $50 Everywhere But Comex (For At Least A Few More Minutes):
While markets are relatively quiet everywhere, precious metals have just gone apeshit. Gold opens at $1,520 while silver hits $49.70...
Atlas Shrugged Film In Theaters Now
Seeing this today despite the mixed reviews and low budget.
From fiction to fact in 53 years.
Thank you Ayn Rand.
Winner of the Atlas Shrugged Video Contest hosted by the Ayn Rand Institute… just fantastic.
And lastly, the BEST AD for Atlas Shrugged courtesy of Mad Men.
Rearranging the Deckchairs on the Titanic
The Final Verdict is in: $38 billion and change in spending cuts.
The annual budget deficit = approximately $1.6 trillion.
This equals almost 4 days worth of spending.
This is not rearranging the deckchairs on the Titanic.
This is arguing about how to rearrange the deckchairs on the Titanic.
This is fighting over the bar tab on the Titanic.
This is getting off the lifeboat to have one...
March 2011
4 posts
Charts du Jour 3/24/11
ZeroHedge:
Silver just passed $38 as gold just hit a new all time high. What can one say but “Thank you Chairsatan.”
How Banks Value Their Loans
Mark to Market Fantasy Accounting