March 17th,2010

Conservatism is Not What We Need

Wire Report

(WIRepublicrats - The False Left/Right ParadigmRE/TMB) – If you are going to listen to Washington politicians at all, it is always best to listen to the party that is currently out of power. After each election, it is the job of the losers to try to attack the winners in any way they can. Often, they inadvertently advocate genuine principles of liberty in the process.

During the 8-year nightmare that was the Bush administration, it was the Democrats that stumbled upon these principles in their efforts to regain the throne. It was they who pointed out that the government should not be spying on its own citizens, that the president was assuming un-delegated powers through executive order, and that it was neither morally justified nor prudent to invade a third world nation that had committed no acts of aggression against the United States and lacked any reasonable means to do so. Their hysterical mouthpiece, Keith Olbermann, even went so far as to cite a long-forgotten document, the U.S. Constitution.

Of course, it is now abundantly clear that these arguments were made simply out of expediency. With the Democrats in power, it is now the Republicans’ turn to “fight City Hall,” and they have rolled out their usual rhetoric about small government, free markets, and traditional family values. Moreover, they, too, have rolled out the U.S. Constitution and waived it around in opposition to the Democrats’ plans to “spread the wealth around.”

Contract with America/Change We Can Believe InLet’s take note that the Republicans are now correct in opposing the main tenets of the Democratic agenda, including expansion of government involvement in health care, “Cap and Trade,” and other wealth redistribution schemes. Amidst all of the usual noise coming from Washington and its media pundit class, it is only the Republicans that are making any sense at all.

Unfortunately, this is shaping up to produce familiar results. There is a growing movement for “change” that promises to “throw the bums out” in the next two elections. However, those who are part of this movement do not stop to consider what the Republicans’ true agenda will be once they regain power. As they have for over 100 years now, Americans are dashing to the other side in their perennial political game of “pickle in the middle.” They still haven’t learned that the pickle never wins.

The Republicans are having remarkable success in painting President Obama’s agenda as socialist and their “conservatism” as its antithesis. Most average Americans who identify themselves as conservatives accept this argument. If socialism redistributes wealth through the force of government, then conservatism, being its opposite, must oppose such redistribution of wealth. If socialism means that the economy will be centrally planned by government “experts,” then conservatism, being its opposite, must leave those decisions with private citizens. If socialism results in big government, conservatism, being its opposite, must result in small government. These are the assumptions that inform the political decisions of most conservative American voters.

There is only one problem. None of them are true.

The conservative-liberal dichotomy is as old as politics itself. It was present at the founding of the American republic. However, despite the Republicans’ claim to represent America’s founding principles, America was actually founded upon radically liberal ideas. The secession from the British Empire was in essence a complete rejection of conservatism.

Most Americans today believe that the primary motivation for the American Revolution was a separation from the British government. However, the revolutionaries only acquiesced to the necessity of complete separation as a last resort. Even after Lexington, Concord, and Bunker Hill, the colonists were still making attempts to settle their differences with the British king and remain in the British Empire. The primary objection of the colonists was not the British king being their executive, but the conservative, mercantilist economic system that the British government enforced. The colonists objected to the policies of corporate welfare, protectionist tariffs, a central bank, militarism, and the taxes levied upon them to support these and other aspects of the worldwide British Empire. Had the British not imposed this system upon them, they would have been content to remain British citizens.

As soon as the Revolutionary War was won, the exact same debate erupted within the new American political system. Alexander Hamilton and his Federalists wished to replicate the British mercantilist system under an American government that would closely mirror the constitutional monarchy of Great Britain. The Federalists were the party of big government, national debt, corporate welfare, militarism, and central bank inflation1.

They wished to preserve the status-quo insofar as the role of government and the nature of civil society was concerned, which benefited a privileged, wealthy elite. They were the conservatives.

Socially, this party was the less tolerant of dissenters and tended to promote religion as useful in informing public policy. During Adams’ presidency and with the Federalists in control of Congress, the Alien and Sedition Acts were passed, making it illegal to criticize the government. These also are core conservative principles.

Their opponents, Thomas Jefferson and his Democratic-Republicans, promoted exactly the opposite ideas. They wished to radically change the role of government in society to one that was strictly limited to enforcing the non-aggression principle of liberty, most importantly economic liberty. They were opposed to corporate welfare or any other government redistribution of wealth, railed against the dangers and injustice of standing armies and the national debt, and opposed the central bank. Over and over again when asked about the role of government, Jefferson consistently applied the non-aggression principle to arrive at an unambiguous answer. Always his answer supported each individual’s right to do as he pleased as long as he did not violate the rights of others, and to keep the fruits of his labor.

Jefferson and his followers insisted upon a “wall of separation” between church and state and denounced the Alien and Sedition Acts. They advocated free speech, civil liberties, and tolerance. These are core liberal principles.

While the conservatives gained the early lead due to George Washington’s election as president and subsequent appointment of Hamilton as treasury secretary, it was not a decisive victory. Washington, who along with Vice President John Adams was certainly a more moderate Federalist, also appointed Jefferson to his cabinet as secretary of state. This set the stage for an epic battle between the two ideologies after Washington departed from politics. Adams eventually broke with Hamilton and his party, costing him the 1800 election, and resulting in a decisive liberal victory by Jefferson and his Democratic-Republicans. For the next 60 years, it was the liberal ideology of individual liberty, limited government, and economic freedom that dominated federal politics.

During this time, the conservatives constantly fought to establish bigger government, the central bank, and the other tenets of mercantilism that defined American conservatism. After the Federalist Party disbanded, they were replaced by the Whigs, a party made up of the same people and advocating the same principles as the Federalists. By this time, Jefferson’s Democratic-Republicans had also had a split, and had emerged as the Democrats.

The Whigs were never successful in achieving their goals, and eventually disbanded. However, as before, the same people and the same principles of big government were back again in 1860, this time calling themselves “Republicans.” They finally won a decisive victory in electing Abraham Lincoln to the presidency and a majority in Congress. Immediately, the Republicans began implementing their agenda of corporate welfare, protectionist tariffs, and higher taxes. Contrary to conventional wisdom, it was this economic agenda (particularly the tariff) that motivated the southern states’ secession from the Union, not a disagreement over slavery.

It is vital to understand that the Republican Party was born as the party of big government, inheriting traditional, conservative big government principles from its conservative philosophical ancestors, the Whigs and Federalists. For most of its history, it has remained true to these principles, up to and including the Bush II administration. Barry Goldwater’s more libertarian platform during the 1960’s was a divisive anomaly in the conservative movement. Its popularity was later exploited by Ronald Reagan’s administration to implement the usual conservative philosophy of bigger government, militarism, and debt.

The problem for Americans today is that there is no longer an opposition party that represents a true antithesis of these principles. By the dawn of the 20th century, the Democrats had completely abandoned their core principles of individual liberty and economic freedom and adopted a socialist, democratic ideology of popular wealth redistribution. Where the Republicans continued to promote a system which plundered the many for the benefit of the privileged few, the Democrats no longer objected to government as an instrument of plunder and now merely fought to divide up the loot differently. They were no longer truly liberal, although they perverted that word in popular culture to mean exactly the opposite of what it really means. Since then, Americans have had to choose between two parties whose ideologies are fundamentally hostile to liberty.

One week ago, Congressman Ron Paul gave a speech at the Conservative Political Action Conference (CPAC) that both mainstream Republicans and Democrats disagree with. Of course they do. It was an eloquent articulation of America’s founding principles of individual liberty and limited government. Like Jefferson, Paul consistently applied the non-aggression principle of liberty to every aspect of government, concluding that we must end our worldwide military empire, end the welfare state (both corporate and popular), and get rid of the plundering Federal Reserve.

Socially, he advocated tolerance, civil liberties, and the right of every American to express his or her opinion, even if those opinions contradicted Paul’s own most preciously-held beliefs. Despite being likely the most truly Christian person in any branch of the federal government, he never once made any allusion to religion during his entire speech, except for a purely philosophical reference to Thomas Aquinas’ principle of the just war (he alluded to this as part of his anti-war argument). Young Americans for Liberty, an affiliate of Paul’s Campaign for Liberty, invited a gay pride group to the conference, invoking a bigoted outburst from one of the younger conservative speakers just before Paul took the stage. Paul’s followers roundly booed him out of the auditorium.

Ron Paul pitched his ideas as “conservative,” but they are not. During one point in the speech, libertarian radio commentator and publisher of Liberty Pulse, Kurt Wallace, turned to me and exclaimed delightedly, “Ron Paul is a radical!” He is. Like Thomas Jefferson, Patrick Henry, and the rest of the most pro-liberty founders of the United States, Ron Paul is a radical liberal (in the true sense of the word “liberal”). He is also an extremist, in the true sense of that word. He refuses to compromise his principles regardless of the political consequences.

Average Americans elect Republicans because they believe that Republicans will give them small government, low taxes, and economic freedom. They are mistaken. What they are yearning for has nothing to do with the Republican Party or the more general ideology called “conservatism.” What they really want is radical change. They demonstrated this in giving Ron Paul a victory in the CPAC straw poll. They also proved once again that they are wiser than the political class in Washington. At this critical juncture in American history, there is only one thing that can bring America back from the brink of social, economic, and political collapse: radical, anti-conservative change from leviathan government to extreme liberty.

Source(s): 1Thomas Dilorenzo’s books, Hamilton’s Curse and The Real Lincoln document the true roots and history of American conservatism superbly.

Tom Mullen -Independent Policy Analyst, Freelance Writer, and Business Consultant

Tom Mullen is a writer, musician, and business consultant. In January 2009, he published his first book, A Return to Common Sense: Reawakening Liberty in the Inhabitants of America. Tom was the opening speaker at the Revolution March in Washington, D.C. on July 12, 2008. The event was attended by over 10,000 supporters and included Thomas E. Woods, Jr., G. Edward Griffin, Naomi Wolf, and presidential candidate Ron Paul.

In 2007, Tom released his first solo CD, A Glimpse of the Ether, containing 13 original compositions. Tom’s style has been described as “Powerpop with a hint of modern rock,” although there are a wide variety of styles represented in his music.

During the 1990’s, he was lead singer, guitarist, and principle songwriter for The Skeptics, an alternative powerpop band that played for audiences all over the U.S., including opening shows for national acts The Tubes and 10,000 Maniacs. Tom has appeared twice on A.M. Buffalo with The Skeptics, and was also featured on Buffalo’s local music television broadcast, Nickel City Scene.

Tom is originally a native of Buffalo, NY and graduate of Canisius College. He earned a Master’s Degree in English from State University of New York College at Buffalo. He now resides with his family in Tampa, FL. For more information, visit Tom’s website at www.tommullen.net.

Rep Ron Paul: Bizarre Spending Habits

The Smoking Argus

Cannon House Office BuildingIn his weekly Texas Straight Talk address, Representative Ron Paul discusses the bizarre spending habits of the United States government. Specifically via the State Department regarding the construction of yet another multimillion dollar embassy, this time in London as well as news the nation’s private Central Bank, the FEDERAL RESERVE may have been involved with both financing the likes of the Watergate burglars and Saddam Hussein. Dr. Paul points to these nefarious actions by the FEDERAL RESERVE during Watergate as published in the Senate Watergate Report from 19741 as well as its involvement in financing Saddam Hussein2 as precisely why the FEDERAL RESERVE’s immunity from audit should be repealed in its entirety. [READ FULL TRANSCRIPT]

Video Courtesy: Minnesota Chris
Related Material(s)

Source(s): The Senate Watergate Report published 1974,2005The New York Times “Follow the Money” by: Martin Mayer published January 14, 2004

Transition of the American Republic through Democracy to Oligarchy

Allison Bricker

Essay No. 2

- A Response to My Friend Republicae from “Essays of the Revolution” and fellow member of the DailyPaul.

 

From my analysis, based upon multiple perspectives of historical research and subsequently merged harmoniously along with principal philosophies from the ‘Age of Enlightenment’ the Republic is not dormant; but was toppled long before the birth of the “lost” or 13th Generation. However make no mistake; the weight is borne with full impact by the 13th and all herein. As such, if we are to realign ourselves within the natural state of human liberty, it shall, as it always has, require a firm conviction by all who profess to favor Liberty to set about righting the glorious path which for so long has been allowed to drift astray.

Therefore, for the purposes of illustration and exchange let me offer a simplified time line of our history from which to begin:

Colonies Confederation
of States
Federalism Federalist Republic Populist Democracy Oligarchy
____•____
(1607)
______•______
(1776)
_____•_____
(1788)
____•____
(1791)
____•_____
(1913)
_____•_____
(1971)

Whilst it is doubtful the beginning of the simplified timeline would cause undue consternation to most, the justification for the transfer from Republic to Populist Democracy through to the present oligarchy will indeed make court historians of the state take umbrage at such an assertion. Therefore, let me make it plain, the timeline results from analysis that with passage of the “Trifecta” in 1913, the Central Authority, i.e. Washington D.C. was unchained from its Federalist restraints of carefully contrived Checks and Balances in its entirety, thus rendering the Republic as nothing more than an impotent sentimentality. Peering further in to the lecherous year of 1913 forebears witness to the key points of the dismantling, which leads us through to the present state of our disheveled Union:

  • 16th Amendment (Collateralization of Americans and posterity, Feb. 3, 1913)
  • 17th Amendment (Effectively removes states from any role/check on Federal Authority Apr. 8, 1913)
  • FEDERAL RESERVE Act (Monopolization of monetary policy into hands of private bankers – Dec. 23, 1913)

All were principal in absolving the ship of state from its Constitutional moorings thereby allowing the Republic to begin listing in the kneejerk speculative inclinations of populist democracy, and thus resulting in a massive growth of central government. As history will illuminate, “democracy”, like the chaos of anarchy, is always a transitional period which results in the creation of a vacuum granting the means for miscreants and tyrants to further centralize power.

Further, with the end of Bretton Woods in 1971 and thus with the transition complete, the Central Banker Oligarchs gained total unchecked power over the nation; let the derivative financial schemes and nationalist neo-patriotism commence.

In conclusion, it is my view that if there is to be a restoration of the Republic in our lifetime we must accomplish the following for a peaceful transition:

  1. End the 3rd Central Bank of the United States, i.e. FEDERAL RESERVE.
  2. Repudiate Odious Debt created by FEDERAL RESERVE.
  3. Repeal Income tax.
  4. Restore State Check on the Central Authority’s power and simultaneously reintroduce the people to their representation amongst the several states by repealing the Direct Election of Senators.

May we see the Torch of Liberty Burn all the Brighter.

Your Friend in Liberty,

 

Allison Bricker

Do We Really Need a Central Bank?

Wire Report

smargus_table_space


Steven Horwitz, Charles A. Dana Professor of Economics, St. Lawrence University
Steve Horwitz, Charles A. Dana Professor of Economics

Steven Horwitz is the Charles A. Dana Professor of Economics at St. Lawrence University in Canton, NY. He is the author of two books, Microfoundations and Macroeconomics: An Austrian Perspective (Routledge, 2000) and Monetary Evolution, Free Banking, and Economic Order (Westview, 1992), and he has written extensively on Austrian economics, Hayekian political economy, monetary theory and history, and the economics and social theory of gender and the family. His work has been published in professional journals such as History of Political Economy, Southern Economic Journal, and The Cambridge Journal of Economics.

He has also done public policy research for the Mercatus Center, Heartland Institute, Citizens for a Sound Economy, and the Cato Institute. His current project is a book tentatively titled Classical Liberalism and the Evolution of the Modern Family. Horwitz currently serves as the book review editor of The Review of Austrian Economics and as an academic advisor for the Heartland Institute and a contributing editor to Critical Review and Journal des Economistes et des Etudes Humaines. A member of the Mont Pelerin Society, he completed his MA and PhD in economics at George Mason University and received his A.B. in economics and philosophy from The University of Michigan.

smargus_table_space

FUTURE of FREEDOM FOUNDATION -  On December 2, 2009, Steve Horwitz gave the following speech at The Future of Freedom Foundation’s “Economic Liberty Lecture Series.” The speech can viewed below in its entirety.

Video Courtesy: Future of Freedom Foundation

House Financial Services Committee HR1207 Audit the FED Hearing

Allison Bricker

Hearing Begins at 8:00 a.m. Central Time

RAYBURN HOUSE OFFICE BUILDING, DISTRICT of COLUMBIA – The House Financial Services Committee, Chairman Barney Frank presiding is hearing testimony regarding Representative Ron Paul of Texas’ bill, House Resolution 1207, “The FEDERAL RESERVE Transparency Act of 2009″

H.R. 1207 seeks to remove a key prohibition preventing the Government Accountability Office (GAO) from conducting a full comprehensive audit regarding the FEDERAL RESERVE’s international transactions with other central banks and foreign governments.

Related Material

The FEDERAL RESERVE is a private central bank created in 1913 to oversee and manage the nation’s monetary policy. The American Republic has witnessed two previous central banking institutions in its history, both of which were abolished after wrecking havoc on the economy due to the inherent flaws of central economic planning.

H.R. 1207 currently enjoys a majority in the House of Representatives via co-sponsorship by 293 other House members. The companion bill in the Senate is S. 604

Video Courtesy: House Financial Services Committee

Council on Foreign Relations Issues Report on How to Construct Global Government

Allison Bricker

smargus_green_gadsdenOld Thinker News recently reported on a research program originally announced by the Council on Foreign Relations last year outlining the process how best to implement a global government. The report entitled, “International Institutions and Global Governance Program: World Order in the 21st Century” outlines the five-year research agenda, made possible by a grant from “The Robina Foundation”, to modernize and implement a scheme of world government. The CFR opines that the current structure of multilateral institutions provide an inadequate foundation on which to implement their agenda of international governance.1

The report’s thesis is merely a larger extrapolation of the philosophy espoused by President Obama’s Chief of Staff, Rahm Emmanuel:

“You never want a serious crisis to go to waste…It’s an opportunity to do things you could not do before.”

Rahm Emanuel
Wall Street Journal CEO Council
Washington, D.C.
Nov. 19th, 2008

The CFR report outlines four areas, which by their estimation present a window of opportunity to implement and expand mechanisms of global governance. These areas should come as no surprise as they are the same crisis/government provided solution talking points exaggerated prior to the debt recession taking center stage.

  • International Response to the “Global War on Terror”
  • International Protection of the Environment/Energy Security
  • International Management of the Global Economy
  • Supporting the doctrine of Preemptive War
pdf-icon
Full CFR Report (151kb)
Click icon to open or “right-click”
and select “Save Link As…”
to save PDF locally.

The report goes on to say that one possible implementation likely to work would be a formal international organization allowing for universal membership such as the United Nations coupled along with regional or sub-regional organizations as we see with the African/European Unions, G8, NATO, etcetera. Moreover, the CFR suggests incorporating Non-Governmental Organizations (NGO’s) as well as “super-empowered individuals”, ergo Bono in order to sell the idea successfully to the public.

The Council on Foreign Relations rationalizes the need for the creation of an international government due to their flawed assessment that no single country, can address these issues on their own with out multilateral assistance. Therefore, we see yet again that the answers provided are merely a response to problems wholly created by multinational oligarchs in the first place. Whether it is the economic collapse at the hands of the world’s central bankers or the chess game of international antagonism at the behest of the United Nations, which more often than not results in the outbreak of war, the CFR seeks to implement the tired shell game of government created problem supplanted with an international governmental solution.

However, most alarming to this blogger, is the report’s outright hostility to national sovereignty and disdain for our Republic’s Constitution. Most specifically is the reports blatant objection to our Constitutional separation of power, stating:

patrick_henry_guard_jealously_public_liberty_quote_no_picture

“…few countries have been as sensitive as the United States to restrictions on their freedom of action or as jealous in guarding their sovereign prerogatives.”

Council on Foreign Relations
“International Institutions and Global Governance”
‘A New Era of American Leadership?’
Page 4

The report continues its degradation of Constitutional principles:

Second, the country’s longstanding tradition of liberal “exceptionalism” inspires U.S. vigilance in protecting the domestic sovereignty and institutions from the perceived incursions of international bodies. Finally, the separation of powers enshrined in the U.S. Constitution, which gives Congress a critical voice in the ratification of treaties and endorsement of global institutions, complicates U.S. assumptions of new international obligations.”

Council on Foreign Relations
“International Institutions and Global Governance”
‘A New Era of American Leadership?’
Page 4

Needless to say, while corporate old-media routinely sought to discredit anyone who dared mention the CFR, painting them as “conspiracy theorists” or kooks, the CFR report arrogantly acknowledges that the false left/right paradigm is inconsequential in obtaining its goals. It is most assuredly that their assumption stated in the report and issued six-months prior to this fall’s past election is based upon the fact that members of the CFR were interwoven in the campaigns of both major-party nominees. As a result and as recently documented, President Obama’s administration is infested throughout with members of this traitorous organization2 among whom are as follows:

  • Secretary of State, Hillary Clinton
  • Deputy Secretary of State, James Steinberg
  • State Department Special Envoy, Henry Kissenger
  • State Department Special Envoy, Richard C. Holbroke
  • State Department Special Envoy, Richard Haas
  • Director of National Intelligence, Admiral Dennis Blair
  • National Security Advisor, General James Jones
  • Deputy National Security Advisor, Thomas Donilon
  • Secretary of Defense, Robert Gates
  • Chairman of Economic Recovery Committee, Paul Volker
  • Presidential Advisor, Alan Greenspan

Fellow readers, the Council on Foreign Relations is by my estimation in the final act of their bloodless coup to pull the curtains down upon the American Republic. It is so candidly plain that through their infestation of our government, they are but the termites of the new class of would be divine rulers who have all but eaten the entire substance of our Constitution. It is obvious by reading this document, which I implore you to do so for your own benefit, that it is their perverse desire to build a fascist regime of regional corporatocracy under a supreme international parliament, whereby inherent liberties, individual sovereignty be damned.

Quite honestly, the report is frightening yet illuminating simultaneously. Whereas they plainly state in black and white:

“The harder chore is to persuade the relevant parties to adopt a new way of doing business, including (in some cases) the loss of current privileges. For this reason, CFR will include in any proposed recommendations a practical strategy to win multilateral support for needed changes, as well as forging domestic consensus among the major U.S. stakeholders.”

Council on Foreign Relations
“International Institutions and Global Governance”
‘A New Era of American Leadership?’
Page 5

Yet their new gloves off approach offers us hope. The Patriotic remnant who have watched this ferment over the last decade, receive absolute vindication from the dismissive mocking of those scandalous cretins who sought to discredit any such pronouncement regarding their corrupt prerogatives. The unfettered arrogance as displayed in this report might well be nailed from every utility post in every town in order to share and make plain their high treason to the American Republic. It is now immaterial that many of our fellow Americans, out of either willful ignorance or a premeditated philosophy of perpetual denial chose to dismiss claims of an ulterior motive based upon the promise of peace and prosperity via globalism.

We stand now my fellow patriots at a most important fork in the road regarding our Republic. We must indeed choose carefully. Whether we wish to reclaim and expand the rugged individualist spirit, which made our nation the envy of the world, or if the fear wrought by the boogie man of terrorism and economic malaise that keeps many of us awake, will lead us to seek hollow salvation through central planning at a cost of enormous individual liberty.

In conclusion, may the wisdom of the Founding Generation provide a lantern to guide us in recognizing and remembering wholeheartedly the absolute righteousness of the preservation of individual liberty.

“The battle, sir, is not to the strong alone; it is to the vigilant, the active, the brave. Besides, sir, we have no election. If we were base enough to desire it, it is now too late to retire from the contest. There is no retreat but in submission and slavery! Our chains are forged! Their clanking may be heard on the plains of Boston! The war is inevitable — and let it come! I repeat it, sir, let it come!

It is in vain, sir, to extenuate the matter. Gentlemen may cry, “Peace! Peace!” — but there is no peace. The war is actually begun! The next gale that sweeps from the north will bring to our ears the clash of resounding arms! Our brethren are already in the field! Why stand we here idle? What is it that gentlemen wish? What would they have? Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty, or give me death!

Patrick Henry
March 23, 1775

 

Source(s): 1Council on Foreign Relations: International Institutions and Global Governance Program: World Order in the 21st Century, Published May 8, 20082“The Obama Deception” 00:40:42 – 00:42:22

The Arithmetic of Endless Expansion and Consumerism

Russell Means

This week’s update discuses why “small is beautiful” and the impossibility of the global banker’s math. Their drive to maintain infinite expansionism violates natural law.Yet, there is an answer, a silver lining which we can all celebrate.

Ron Paul: Central Banks, The Federal Reserve and Monetary Policy, Circa 1988

Allison Bricker

From the “way-back” machine, here is Ron Paul, during his run for President as a Libertarian candidate in 1988. Students of history will remember the news of the day revolved much around, the Iran-Contra Hearings, The Savings & Loans Scandal, and the prior years stock market collapse. His finely tuned understanding of the inherent dangers of central banking and a wholly fiat currency almost sound prophetic when examined under the weight of our current economic crisis.

 

President Obama’s Stimulus Plan will not Prevent Economic Depression

Allison Bricker

President Obama gave the first prime time press conference of his Presidency last evening, rehashing the speech he gave earlier in the day at Concord high school in Elkhart, Indiana. Using his unparalleled skills of oratory, President Obama offered up a comparison eerily reminiscent to the smoking-gun-mushroom-cloud analogy, warning of dire irrecoverable consequences if Congress did not pass the second bloated $834 Billion Dollar “stimulus” bill.

Desiring to compartmentalize and dismiss opposition to further government intervention into the economy, President Obama said:

“Doing little or nothing at all will result in even greater deficits, even greater job loss, even greater loss of income, and even greater loss of confidence.”

President Obama
East Room of the White House
February 9th, 2009

Additionally, the President attempted to cast off the growing debate over whether or not the massive interventionist policies begun by President Hoover and grossly expanded under President Roosevelt via the New Deal, ended the Great Depression. It is most assuredly doubtful that any loyalists to Keynesian economic theory could dare bring themselves to critically question a review of the actual historical record. However, a literal mountain of data points to a much darker reality. Government intervention did not end the depression; World War II at the steep cost of 416,800+ American lives unfortunately holds that distinction.

Only after President Roosevelt bypassed the Neutrality Act and authorized the “Destroyers for Bases Agreement” transferring fifty U.S. naval destroyers to Great Britain in September of 1940, did unemployment fall from 14.6% to 9.9% that following year1. Up until the agreement, the unemployment rate refused to fall more than five points2 from its all time high in 1933. In fact in the last half of President Roosevelt’s second term and prior to the agreement, after all the government programs, price fixing, gold confiscations, public works programs, etcetera, unemployment was again moving back up towards 20%.

It is possible that some might ask; how do we know that President Obama follows this Keynesian economic model? The answer to this question was most definitely confirmed during both the press conference last night and today in Fort Meyers, Florida when he quipped:

“Credit markets are the life blood of the economy.”

President Obama
East Room of the White House
February 9th, 2009

Credit, fellow readers, as I am sure you know, is merely a euphemism for “debt.” Thus, massive foreclosures3, unemployment, or any other pseudo-compassionate rhetoric that may dribble from his mouth is not his first priority. No this plutocratic pull-peddler’s most pressing desire is to jump-start and perpetuate the endless cycle of American consumerism following the same failed philosophy of buy now, pay later, save nil.

Perhaps rather than labeling credit as the “life blood” of our economy, a more accurate and succinct comparative would be heroine. While withdrawal is unquestionably painful, it is an addiction we must break. Keynesian philosophy at its rotted core, believes that credit and massive spending can forestall any and all economic downturns. It is possible, although not likely; this philosophy in the most minor of instances might be exercised successfully. A band-aid solution for an economy merely suffering a “skinned-knee”, otherwise wholly inappropriate for current circumstances.

However, the problems we now face are much more severe than a skinned knee. They are a fundamental and unequivocal failure wrought by this “band-aid” philosophy. Year after year, bubble after bubble, this corrupt government filled with its tax cheat bankers and narcissistic politicians have through their central Keynesian planning, left us at the precipice of financial ruin. Yet undaunted by facts, President Obama has the audacity to say:

“We can’t posture and bicker and resort to the same failed ideas that got us into this mess in the first place.”

President Obama
Concord High School
Elkhart, Indiana
February 9th, 2009

Mr. President, I could not agree more. Ironic is it not that he can say this with a straight face knowing that for the last ninety-five years, the largest and most insidious of all failed ideas, the private banker monopoly of the FEDERAL RESERVE has dictated American monetary policy?

Contrary to the empty suit rhetoric of our current President, those of us railing against this most recent expanse of centralized solutions, have much more in mind than simply “doing nothing”.

As history illustrates quite nicely, whether you look at the Panic of 1819, the Great Depression of the 1930’s, the stagflation of the 1970’s, or the current economic collapse, all were exacerbated by the inherent flaws of an expansionist monetary policy under the cold calculating hand of a central bank. Let us proclaim loudly and spread this most essential of fact from coast-to-coast. In addition, along with abolishing the 3rd central bank, vis-à-vis the FEDERAL RESERVE, we must repudiate its odious debt promulgated by the illicit practice of fractional reserve banking.

Fellow readers, now that the stimulus bill has cleared the faux opposition by Republicans, have we avoided a deepening of the crisis? Does this stimulus bill nullify the coming commercial real estate and credit card collapses? In your opinion what will be the state of our nation come July?

 

Source(s): 1Naval Historical Center “Destroyers for Bases Agreement, 2 September 1940″2Principles of Economics, Student Edition, Chapter 173Bloomberg “U.S. Taxpayers Risk $9.7 Trillion on Bailout Programs (Update1)

The State of Our Union

Allison Bricker

Fellow readers, bloggers, and Friends of Liberty,


The State of Our Union is quite simply, abysmal.  The time has come, as current natural benefactors of the Founding Generation’s sacrifice, to cease immediately with the abdication of our duty.  We have for a long time now, remained silent or looked the other way, as little by little, inherent absolute liberties were, and continue to be, usurped under false pretense of necessity by the state and its corrosive agents.  As of this writing, the diseased rotting remnant of the once proud U.S. Senate has confirmed an Attorney General who openly expresses hostility to governmental constraints articulated within the Bill of Rights.


So undoubtedly drunk from their bastardized authority, this confirmation comes on the heels of Central Banker, Timothy Geithner’s.  A man who now sits in charge over the same tax collection arm he purposefully sought to circumvent.  One need not search far in order to uncover examples of property seizure, imprisonment, and wage garnishments of fellow Americans who error in a similar fashion.  Yet this bankrupted body of plutocratic oligarchs fully intends to keep us shackled to this voluminous, complex form of economic servitude?


Is this the “Change” the new President campaigned endlessly upon, for it has the same stench as the last, and by no way has illustrated a departure from the status quo?  Perhaps one might more accurately refer to this as a mere shuffling of the cards.  However, a new hand serves little when drawn from the same “liar’s” deck.


Our nation now finds itself stricken with an economic panic.  While birthed by a cartel of private bankers under the insane philosophy of fractional reserve banking, we too must acknowledge and accept responsibility for fostering the acceptance of its axiom, ergo-perpetual debt.  Yet all is not lost, panics sometimes have uses and serve to afford us the ability to rethink what once was esteemed too lightly.  Panics serve as a gauge to illuminate both the genuine and hypocritical.  They provide to us a lesson, and should we take the time to learn; can be overcome.


However, let us not confuse overcome with avoided.  Make no mistake; both the pain and duration of this panic are conclusively bound to whether or not we continue a prescription of denial.  Let us not pass this burden to our children or grandchildren.


Whether we like it or not, Founder’s providence is calling upon us to right the unjust banking monopoly and corporations, which as warned, have grown up around us these past ninety-five years.  It is our duty, as the individual standard-bearers of liberty to abolish the 3rd Central Bank of the United States, vis-à-vis the FEDERAL RESERVE.  This task while assuredly difficult is not impossible.  Twice before the call has been issued and the war waged successfully by long since forgotten ancestors of the Republic.  Tyranny and its armies are indeed a persistent beast and thus not easily defeated, but let it be our consolation that the more difficult the struggle, the more brilliant the jubilation.


At this time, I shall not burden you my fellow readers, with an exacting path of how to achieve this end.  Instead, let it suffice as a first step on a long journey for us to resolve to make the sinister nature and practices of fractional reserve banking and the larger dangers of central banking, common conversation amongst our friends, families, and acquaintances.  Only after its true nature echoes from taverns to dinner tables to pulpits shall we be well suited to call for its total and complete abolishment.


Upon its eradication, our beloved Republic will be reinvigorated.  Our ability to pass on the blessing of debt free liberty to our children is no small consequence.  This struggle to reclaim our Republic may indeed span a generation, unencumbered by odious debt affords future fellow patriots the ability to strike at the core of the extortionate plutocracy and its endless supply of ill begotten revenue off the backs of the people.


Thus, let it be clear, our salvation rests not with a man or woman from the ranks of the body politic; it lies where it always has, with free and independent peoples unfatigued by the latest manifestation of a destructive government.


Long Live our Beloved Republic,


Allison Bricker