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A libertarian friend of mine has a new political podcast series from a much-needed Canadian perspective. It’s called the Political Paradox Podcast.

From the first two episodes:

The Political Paradox Podcast – EP 002 – Healthcare, Government Bans and The Olympics
Posted: Tue, 18 Nov 2014 15:00:00 GMT

This week, what is the REAL cost of “Free” healthcare in Canada? You won’t believe what Ontario is looking to ban next. Plus, the outrageous list of IOC demands that prompted Norway to pull out of it’s Olympic bid.

The Political Paradox Podcast
Posted: Tue, 04 Nov 2014 15:00:00 GMT

It’s the first ever episode of the political paradox podcast. On today’s show, Paul explains what exactly a libertarian is. Then, he shares his story of how he became a libertarian.

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I have spoken out against Wikipedia’s lack of adherence to its neutral point of view policy, but it is great to get recognition by others in linking to an article on this site in order to provide documentable and accurate evidence in support of serious Wikipedia articles, like this one on the Bank of Montreal, where they linked to my article, Big Five Canadian banks: Consistently paying dividends since the 1800s.

The company has not missed a dividend payment since 1829, paying dividends consistently though major world crises such as WWI, The Great Depression, WWII, and the 2008 Financial Crisis, this makes Bank of Montreal’s dividend payment history one of the longest in the world.[5]”

“[5] “Big Five Canadian banks: Consistently paying dividends since the 1800s”. Faux Capitalism. 2010-07-01. Retrieved 2014-09-19.

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Tom WoodsOn the January 5, 2014 episode of Exposing Faux Capitalism, I provided a two-hour refutation of Tom Woods’ 2013 presentation paper, “Why the Greenbackers are Wrong.

Here are some highlights:

(2) that fiat money is just fine as long as it is issued by the people’s trusty representatives instead of by the Fed
– It’s not fiat money, since it’s being issued into circulation by the 12 privately-owned Federal Reserve Banks
– Misdirection, since the proposal isn’t to have Representatives and Senators issue money, but to have bankers do it through the U.S. Treasury, under the public trust, akin to the successful Bank of North Dakota.

The Fed pays for this purchase by writing a check on itself, out of thin air, and handing it to the primary dealer.
– Not created out of thin air, but instead, by a bookkeeping entry.

For one thing, pieces of paper with politicians’ faces on them are not saleable goods. They have no use value, and therefore could not have emerged from barter as the most marketable goods in society.
– They do, because of the full faith and credit of the government backing them, which is based ultimately upon the productivity of the people, and the exchange between producers (taxpayers and government).

Second, even if government did try to impose a paper money issued from nothing on the people, it could not be used as a medium of exchange or a tool of economic calculation because no one could know what it was worth. Are three Toms worth one apple or seven fur coats? How could anyone know?
Its value is ultimately determined by the market, and even Lew Rockwell said that not only is the USD a medium of exchange, it’s also money.

This is how unbacked paper money comes into existence. It begins as a convertible substitute for a commodity like gold, and then the government takes the gold away.
– What about the first paper money issued by the Mongols, and what about the United States Notes?

“Free-market money, therefore, is commodity money.”
– Says who? Stephen Zarlenga has documented several other ways that money has arisen, and privately-issued, voluntary, usury-free community currencies have been issued that aren’t commodity-based.

So free-market money does not enter the economy as a loan.
– What about the paper notes issued by banks during the Free Banking Era of the United States? Were they not free-market money, just because they were issued by state-chartered banks?

For consistency’s sake, they should support all forms of debt-free money, including money that takes the form of a good voluntarily produced on the market and without any form of monopoly privilege.
– “They do”, as in me (Jason Erb), Anthony Migchels, George Whitehurst-Berry, Wayne Walton, Tom J. Kennedy and others.

Although the “there isn’t enough money to pay the interest” argument fails, I want to take up a related warning about sound money
– Is gold sound money when it dropped from $1700 to $1200 in 2013?

First of all, no one can expect to print pieces of paper with his face on them and spend them into circulation. Nobody would accept them, needless to say, and as we have seen, it is impossible for money to be introduced ex nihilo in this way. The only kind of money that can emerge on the free market is one that, at least at one time, had been considered a useful commodity. Paper money can come into existence on the free market and without coercion if it serves as a redemption claim for the commodity money, but irredeemable paper money cannot originate without government threats or violence.
– Tom Woods flaunts his ignorance of the success of voluntary, usury-free community currencies, such as Ithaca Hours and mtnHours.

Again, as we saw previously, the pattern is this: a commodity is freely chosen by market participants to serve as money, for convenience paper receipts fully convertible into that money begin to circulate as money substitutes, and finally the government removes the commodity backing from the paper and only the paper circulates.
– In other words, gold doesn’t function directly in a wide-spread way as money.

When Franklin Roosevelt confiscated Americans’ gold in 1933 and gave them paper money in exchange, this money did not enter the system “as debt.” It was a simple act of conversion of specie into paper. (Thanks to J.P. Koning for tracking down that link.)
– If it didn’t enter as debt, why were they still referred to as notes?

the naive confidence in the American political class that the Greenbacker alternative demands is beneath the dignity of a free people.
– By that standard, why trust government with any powers? — In this way, the anarcho-capitalist critics of government-issued money have some credibility on this point, unlike the minarchist critics like Gary North, who still call for government regulation of contracts in his illusory free market gold standard that is just as much a fool’s gold standard as any government-guaranteed gold standard.

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The Facebook page for my talk at the 9th annual Usuryfree week event in Toronto on November 16, 2013 from 7 to 9:30 PM EST can be found here.

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Interest-free monetary reformer, Anthony Migchels, is scheduled to be my guest on Exposing Faux Capitalism on March 17, 2013 from 1:30 to 3 PM Eastern on Oracle Broadcasting.

I previously interviewed Anthony on July 22, 2012, where he thoroughly exposed the Austrian School of economics as a controlled opposition front for debt-slavery promoting private banking interests.

His blog is Real Currencies.

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The Daily BellThe Daily Bell, which had previously blasted Alexa as an “elite methodology,” only to later adopt it, has had 5 Alexa reviews in just 8 days since October 29, 2012.

I’m sure these reviews are completely spontaneous. Let’s review the facts:

The Daily Bell started in 2008, and had only received one Alexa review prior to October 29, 2012 — on December 2, 2010.

All 5 reviewers have so far provided only one review, and gave it 5 out of 5 stars, showing how must they must really like the Daily Bell. Compare it to a site like henrymakow.com, which has had a comparable ranking at times and has been around longer than the DB, yet has no Alexa reviews as of November 21.

While some of them try to come off as average readers, some very detailed descriptions are provided that read like a public relations advertisement.

For instance, this part of the review by “opinionated”:

The “Think Tank” at the Daily Bell allows readers to look up glossary terms and biographies of people through links in the articles that lead to pop-up, floating windows—very handy.

Then, listen to this review by “arnold von winkelried”:

I enjoy the incisive analysis of current events by The Daily Bell’s talented team of staff reporters who dissect daily news stories from various mainstream media outlets and analyze them from a free market, libertarian perspective. In addition to the excellent staff reports, The Daily Bell has done an incredible job of assembling many of the leading libertarian thinkers and voices and runs a steady stream of editorials by an impressive team of contributing editors, such as Ron Paul, Lew Rockwell, Tibor Machan, Paul Craig Roberts, Ron Holland, John Browne, Peter Schiff, Bill Bonner and Anthony Wile, Founder and Chief Editor of The Daily Bell. One of my favorite days to read The Daily Bell is Sunday. Every Sunday The Daily Bell features a guest interview with some of the world’s most prominent libertarians. Some of the recent interviews conducted by The Daily Bell have been with Jim Rogers, Brian Doherty, Ed Griffin, Rick Rule, Judge Andrew Napolitano, Doug Casey, Gerald Celente, Jeff Berwick, Axel Merk, Richard Ebeling, Mark Skousen and Robert Ould…to name just a few. The Daily Bell is a must read for those interested in thought provoking articles written from an Austrian School of Economics point of view.

But what he doesn’t say is how the founder admitted to advising and consulting to large international banks, how they have repeatedly attempted to redefine Zionism, how they have adopted an “elite methodology” in using Alexa rankings, and how they promote a so-called free market gold standard, which prominent Austrian School devotee Gary North admits has never existed in history.

If all these rankings are indeed by sincere regular readers of the Daily Bell, without any direct ties to the organization itself, it is indeed interesting that they would write such glowing reviews on a site that the Daily Bell had blasted as an elite methodology. In any case, it shows they recognize the importance of impression management.

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On the July 1, 2012 episode of TVO’s The Agenda with Steve Paikin, David Rothkopf, Council on Foreign Relations member and former managing director of Kissinger and Associates, said (at 12:08):

The fundamental right of a state is to print its own money.

Yet he previously said that only about 15 countries have the power to exercise the powers of a true state, and he downplayed the ability of a state to issue its own currency by pointing to the existence of (trillions of dollars of) derivatives.

That is a clear red herring, as Iceland is a tiny country that has turned things around economically since their currency lost 80% of its value in only four months back in 2008, and whose residents have voted twice in referenda to not be saddled with the derivative liabilities incurred by their private banks.

Not only do states have the power to print their own currency, but more importantly, they have the power to issue their currency debt and interest-free, which is something globalist David Rothkopf isn’t in the business of advocating.

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