Tag Archives: Money/Economy/Taxes

Sound Money at the State Level

From goldseek.com:

Here is a list of 6 states (4 in the last month) and (2 states today) that have pending legislation to authorize the use of gold and silver to settle debts with its citizens and to provide them the legal means to avoid the devaluing of the dollar by having a parallel currency in light of massive bailouts and to protect them in the event of the dollars failure.

New Hampshire (The “Live Free or Die” state began in 2003)

Indiana Senate Bill 0453

Colorado House Bill 09-1206 (concerning a precious-metal-backed electronic currency)

Missouri House Bill No. 561 (provisions concerning gold and silver use by state and local government)

Georgia

Maryland’s House Joint Resolution 5 (HJR5)

Nevada (This bill failed.)

End the Fed by Ron Paul

Before the US House of Representatives, February 4, 2009, introducing the The Federal Reserve Board Abolition Act, H.R. 833.

Madame Speaker, I rise to introduce legislation to restore financial stability to America’s economy by abolishing the Federal Reserve. Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve’s inflationary policies. This represents a real, if hidden, tax imposed on the American people. . . .

Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy. The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy.

In fact, Congress’ constitutional mandate regarding monetary policy should only permit currency backed by stable commodities such as silver and gold to be used as legal tender. Therefore, abolishing the Federal Reserve and returning to a constitutional system will enable America to return to the type of monetary system envisioned by our nation’s founders: one where the value of money is consistent because it is tied to a commodity such as gold. Such a monetary system is the basis of a true free-market economy.

In conclusion, Mr. Speaker, I urge my colleagues to stand up for working Americans by putting an end to the manipulation of the money supply which erodes Americans’ standard of living, enlarges big government, and enriches well-connected elites, by cosponsoring my legislation to abolish the Federal Reserve. (Read more from lewrockwell.com)

Senator Feinstein, the stimulus, and censoring the internet (for your own good)

As I predicted, the feds are trying to use the threat of child porn to spy on our internet traffic, and open the door to censorship.

“US Senator Dianne Feinstein hopes to update President Barack Obama’s $838bn economic stimulus package so that American ISPs can deter child pornography, copyright infringement, and other unlawful activity by way of ‘reasonable network management.’ . . .

According to Public Knowledge, Feinstein’s network management amendment did not find a home in the stimulus bill that landed on the Senate floor. But lobbyists speaking with the Washington DC-based internet watchdog said that California’s senior Senator is now hoping to insert this language via conference committee – a House-Senate pow-wow were bill disputes are resolved.

‘This is the most backdoor of all the backdoor ways of doing things,’ Public Knowledge’s Art Brodsky told The Reg. ‘Conference committees are notorious for being the most opaque of all legislative processes.’ . . .

But the ‘network management’ bit sounds like ISP speak. As Art Brodsky and his colleagues pointed out, network management is used to manage networks – not filter content. Content filters are used to filter content. But American ISPs – particularly cable ISPs – will take any excuse they can find to throttle certain traffic.

And if they’re using copyright infringement and child porn as excuses, they’ll have to start sniffing packets. So, Feinstein’s amendment would also destroy net privacy – if there’s any out there.” (Read more from www.theregister.co.uk)

Bailing out criminal bankers costs more than all wars

“According to CRS, the Congressional Research Service, all major US wars (including such events as the American Revolution, the War of 1812, the Civil War, the Spanish American War, World War I, World War II, Korea, Vietnam, Iraq and Afghanistan, the invasion of Panama, the Kosovo War and numerous other small conflicts), cost a total of $7.5 trillion in inflation-adjusted 2008 dollars.

Casey Research, of Vermont, (no relation) has analyzed the costs of the government bailouts of the housing crisis, the credit crisis and others and has concluded that the total is $8.5 trillion, which is more than the cost of all US wars, the Louisiana Purchase, the New Deal, the Marshall Plan and the NASA Space Program combined.” (Read more from sheilacasey.com)

Capitalism Needs a Sound-Money Foundation

“Let’s go back to the gold standard.

If the very idea seems at odds with what is currently happening in our country — with Congress preparing to pass a massive economic stimulus bill that will push the fiscal deficit to triple the size of last year’s record budget gap — it’s because a gold standard stands in the way of runaway government spending.” (Read more from online.wsj.com)

Wow. I can’t believe this was written in a New-Corp-owned publication. Expect some changed in the editorial staff.

The Secretive Fed

Ron Paul: “There is no authority. If Congress ever wanted to know what was going on, it would have to change the code. For example, right now it would be important for us to know what our monetary authorities are thinking about and talking about and planning internationally, because this system isn’t working, and a new system is going to be devised . . . it’s important to our sovereignty, and it’s important to our well being, but we don’t even have the right to know that as members of Congress.”

GM to Invest $1B of US Taxpayer Bailout Funds in *Brazil*

“SAO PAULO — General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.

According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to ‘complete the renovation of the line of products up to 2012.'” (Read more from Daily Paul)

YES WE CAN!!!