Posts Tagged ‘Money Power’

Exposing Faux CapitalismOn the May 12, 2013 inaugural episode of Exposing Faux Capitalism with Jason Erb on Truth Frequency Radio, I covered the following articles:

1) The U.S. Constitution doesn’t say money should be gold or silver coin

2) The Constitution doesn’t insist on a gold or silver-backed currency

3) The Constitution doesn’t prohibit both the states and federal government from issuing fiat money

4) The gold double standard

5) A Money Power trap: Saying that private money creation is the problem

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speaking at CPAC in Washington D.C. on Februar...

The Huffington Post published an October 8, 2012 article by Bonnie Kavoussi entitled “11 Lies About the Federal Reserve,” to which Mises Institute associate Tom Woods followed up with a rebuttal entitled “HuffPo’s 11 Myths About the Fed, Refuted.

For those who are aware of the Hegelian dialectic of thesis-antithesis-synthesis, the Huffington Post is putting out the thesis in opposing a government-guaranteed gold standard and Tom Woods is putting out the antithesis of defending a government-guaranteed gold standard, and the synthesis that is presented by Tom Woods in his other works is that of a so-called free market gold standard of competing currencies.

For more on why a so-called free market gold standard is a false solution, see my article, Gary North’s free market gold standard is also a fool’s gold standard.

Whether Tom Woods realizes it or not, he has played right into the hands of the Money Power in presenting the case for a gold standard, whether it be a government-guaranteed gold standard or a so-called free market gold standard — the Money Power ultimately cares not — since they control the proposed medium of exchange, as George Whitehurst-Berry details in this article.

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English: A 250kg gold bar in the Toi gold mine...

I covered the following articles on my inaugural episode of Exposing Faux Capitalism on Oracle Broadcasting on Sunday, June 24, from 1 to 3 PM Eastern.

1) The U.S. Constitution doesn’t say money should be gold or silver coin

2) The Constitution doesn’t insist on a gold or silver-backed currency

3) A constitutional monetary system

4) Congress’ exclusive power to coin money doesn’t prevent private individuals from coining currency

5) The distinction between legal tender for payment of debts and payment for goods and services

6) A Money Power trap: Saying that private money creation is the problem

7) Don’t just blame Lincoln for a national legal tender law — Washington signed one, too

8) One of the 10 planks of the Communist Manifesto isn’t just a central bank

Sorry for the intermittent audio issues, which I plan to address for the second episode.

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Wayne WaltonWayne Walton, founder of the local, interest-free currency, Mountain Hours, is hosting a weekly program on Republic Broadcasting from 3-5 PM Eastern.

For my articles on Wayne Walton and Mountain Hours, see:

1) A Money Power trap: saying that private money creation is the problem

2) Our current monetary system: “It’s like a dog begging its flea for some of its own blood back

3) Wayne Walton, founder of the interest-free local currency, Mountain Hours, now a regular guest on Crash! Are You Ready?

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Cover of "The Corporation"

The federal personal income tax in the United States isn’t constitutional, but the federal corporate income tax is.

Ironically, Walter Block of the Mises Institute has written in defense of corporations, despite them being creatures of government. It perhaps should come as no surprise, since the Mises Institute is a 501(c)(3) government-sanctioned and regulated tax-exempt organization that got its status from founder Lew Rockwell and others, begging the government they claim to hate, for such status.

Despite Mises Institute VP Jeffrey Tucker conveniently overlooking McDonald’s Obamacare exemption and corporate subsidies they receive when waxing on about all the taxes they pay, he is right in not condemning the federal corporate income taxes paid by McDonald’s, since they are both constitutional and justifiable.

A Google search for “the income tax is unconstitutional” turns up 57,400 pages, showing the prevalence of those who fail to distinguish between the constitutionality of income taxes and corporate income taxes.

It is why I am careful to say that I am against direct taxes on individuals, and not all direct taxes, since corporate taxes are a direct tax on corporations, which are creatures of government.

The federal personal income tax is unconstitutional, since the most powerful argument is given in Aaron Russo’s documentary, From Freedom to Fascism, whereby the Supreme Court has repeatedly ruled that the 16th amendment conferred no new taxing power upon the federal government, and it was agreed it didn’t have that power prior to the amendment.

A heavily progressive personal income tax is one of the 10 planks of the Communist Manifesto, and with good reason, since its purpose is wealth redistribution.

A corporate tax can also be used for wealth redistribution but its justification is that it’s compensation for the special privileges that corporations are afforded by the state that created them, and corporations have no rights, while people do, and one of those rights includes keeping the fruits of your own labour.

Some people, like Walter Block, pretend to be great libertarians, and even have the audacity to claim they hate the state, and others don’t. Yet it is ironic that these neo-libertarians, as I call them, have turned libertarianism upside down to the point of arguing that government-created entities effectively have rights, with some of them even arguing that even corporate taxation is theft, despite me showing how the blanket statement that “taxation is theft” doesn’t withstand scrutiny.

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The Daily BellIn my March 31, 2012 article, An Infowars.com reader realizes what the Daily Bell site is really all about, I pointed out how they are known to fail to distinguish between private and public central banks.

Under increased scrutiny from myself, Anthony Migchels, Memehunter and others who realize what the Daily Bell is really all about, I noticed they are finally drawing a distinction between public and private central banks.

In their April 19, 2012 article, BIS: Asian Central Banks Are Pretty Good!, they refer to “[m]onopoly private/public central banking.

Predictably, they proceed to bash both in order to direct their readers to a so-called free market gold standard that even Austrian economist Gary North admits has never existed in history, and which I demonstrated is also a fool’s gold standard, just like a so-called government-guaranteed gold standard.

Gary North’s so-called free market gold standard is also a government-guaranteed gold standard, since it relies upon government enforcement of contracts, which is essential to the Money Power being able to enforce their ultimately unpayable debts that accrue compound interest, and collecting your assets once you default.

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