Lesson #166 - Gold is a shiny beacon of hope - Part 1
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Why gold? It is a simple question. We all like gold. It is shiny, bright and it looks good on women as well as on man. It is appropriate for all occasions and will never let you down. We can garnish it or ingot it, we can paint with it and even drink it! Poets said that gold is eternal and it would seem to be. Almost all gold ever…
Lesson #165 - Central Banks must go - Part 5
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NO PUNISHMENT
Free Markets operate under the premise that there is no free lunch. Everything costs something. This fact alone make business cautious when they operate because they know that if they make a mistake, they may be out of business forever.
However, since Central Bank’s job is to protect banks against the Free Market, this has a secondary and nefarious side effect. If banks are protected (i.e. too big…
Government’s choice: Monogamy or Polygamy
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The concept that we, citizens, are just children who know no better and must be told what to do by arrogant and bullying parents (i.e. governments), irks us to no end. We, the people, created governments and somehow along this process, roles reverted. Governments have infiltrated and permeated every single decision we could possibly make, but nowhere is this so painfully obvious than in our love life, decisions and choices.…
Lesson #164 - Central Banks must go - Part 4
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BANK DEFAULTS AND RELATED CRISIS
The problem with a fractional reserve system sponsored by Central Banks is that it increases geometrically (that word again) the chances of something going horribly wrong and a large number of banks going bankrupt. If this would to happen, all the customers of that bank would suffer significant to total loses. How significant? How total? We will explore the answers next.
Classic Bank Default
This type…
Lesson #163 - Central Banks must go - Part 3
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ECONOMIC CATASTROPHES
So far we have seen that printing money is a criminal enterprise who shifts wealth from the poorest people to the richest, therefore ensuring lower standards of living for everybody except the government and the Power Elite. But what about the economy? Does the economy suffer due to the actions of Central Banks? Is there any other side effect? There most certainly is.
Boom
As Central Banks pump money…
The issue of slavery - Part 3 of 3
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CONTRACTS
Third parties
Their argument here revolves around the issue of enforcement of the Master Contract to ensure that no slavery contracts or slavery by debt exists. This enforcement raises questions as to who will do it, who would invalidate those deemed slavery and if this service is not provided, what is the value of including it in the Master Contract?
This argument can be taken literally and applied to every single…
Lesson #162 - Central Banks must go - Part 2
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EMBEZZLING THROUGH THE FRACTIONAL RESERVE SYSTEM
We will now take a closer look at what it really means to operate a fractional reserve system bank.
In the past
As we have mentioned in our lesson Real Money For A Real Economy, the origins of banking can be traced back to people giving their gold to bankers for safekeeping and these bankers issuing paper receipts which were redeemable on demand. These…
The issue of slavery - Part 2 of 3
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RATIONALE
Ownership changes
The standard Libertarian rationale demonstrating that slavery is not possible relies on the notion that ownership implies control. As we cannot separate our mind from our body, we cannot relinquish control of it to a different person, therefore slavery is inherently impossible.
We look at the problem differently. We own our own body and our mind is contained within it. Therefore we own our mind. This only makes…
Lesson #161 - Central Banks must go - Part 1
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Today we are going to take a look at what Central Banks do that it is so damaging. We already hinted at some of these facts in our previous lesson Central Banks Engines Of The Evil Empirewhere we laid out their motives and some of their technicalities. In this lesson we are going to delve into the ugly details of their damage they are producing.. Once we are through, the…
