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Posts Tagged ‘scarcity’

According to Thomas Luongo, writing for LewRockwell.com, it does.

He states:

Since being “converted” to both libertarianism and, by extension, Austrian economics I have developed a passion for money.

I’d classify myself as a libertarian, and I’m certainly no supporter of the Austrian school of economics, primarily due to its advocation of a gold standard, as described in this article by Lew Rockwell, founder of the Mises Institute.

For me, a libertarian is someone who believes that limited government is the most likely to protect the liberties of the people whom it governs, and that shouldn’t necessitate an economic system based on a scarce resource such as gold.

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“The World’s Most Listened to Late Night Talk Show”, Coast to Coast AM, with its estimated 3 million weekly listeners, has recently presented the case for sovereign, debt-free currency, over the gold standard.

On May 23, 2010, Joseph P. Farrell, author of Babylon’s Banksters, presented his case. From the show description:

One is a closed system, based on scarce resources, energy or money. The other is an open system, in which energy is in abundant supply, “and where money in turn reflects this by being a creation of the state, and therefore a debt-free instrument of exchange,” he detailed.

Any bank including the Federal Reserve can never issue interest, they can only lend money into circulation, so that there’s never enough money to pay the interest on the principle, he continued. A state, however, can issue debt-free money yet past US Presidents such as Lincoln, Garfield, and Kennedy all ended up assassinated after they tried to change the banking system, Farrell pointed out.

Then, on June 28, investigative journalist Jim Marrs, author of Rule by Secrecy and The Rise of the Fourth Reich, presented his case. From the show description:

He referred to the US as a “zombie nation” because citizens and the country itself are trillions of dollars in debt. JFK ended up dead not longer after he issued $4.2 billion in currency that was printed by the Treasury instead of the Federal Reserve, which in reality is a group of 12 banks that charge interest, he noted.

Read how the illegal Federal Reserve lies about United States Notes (Lincoln Greenbacks), and about private central bank misinformation.

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