Posts Tagged ‘Money supply’

Government “shut down” scary words for good thing: Shut down Obamacare!

September 24, 2013
Ben Swann

Ben Swann (Photo credit: Gage Skidmore)


OH yes, I didn’t finish that one thought. When our cousin’s business “shuts down”, it’s not there anymore. The federal government, unfortunately, won’t “shut down”. It will still get taxes coming in. If that’s not enough to pay the bills and service the criminal federal debt, it’s because Congress in times past took stuff on credit that some future Congress would have to pay, not themselves. First, that’s “taxation without [even] representation”.

Second, we the members of the people in the hinterland pay every time that debt ceiling goes up, through the devaluation of the dollar that comes with more dollars in the money supply, whether they be paper dollars or electronic dollars.

Third, since we all pay with the stuff we can no longer buy because of the devalued dollars, therefore all debt, all debt ceiling increases, in the fiat currency dollar, are “stealth” taxation on both the poor and the middle class.

Ron Paul used to expose the Fed Chairman on this fact every time. The “Ron Paul Channel” is up and running, by the way, and so is Ben Swann‘s channel. Recommended.




Simone Foxman is Totally Wrong; but he is indeed an “Insider”

March 1, 2012

Simone Foxman trying to make a case against Ron Paul‘s facts on inflation as delivered at Congress to a hearing with Ben Bernanke:

He explains the “reasoning” behind the way the Fed calculates its consumer price index. But note he left out the most important point Ron Paul was making during that hearing, of which I watched the part that Foxman is talking about.

That omission by Foxman had to be deliberate. He’d rather go to ground where he feels more comfortable and just take fiat monetary policy and its effect on these numbers as an unspoken given instead of deal with it.

Ron Paul blasted the BLS figure of 2.9 percent for inflation, and pointed out that in real terms it’s more like 9 percent. That’s what we would conclude: How much more do the same things cost?

Ron Paul was talking about the politicians playing fast and slick games with numbers like these to fool the people into acquiescence with the collaboration of the Fed’s never-ending fiat money supply machine.

Demagogues, and how the Fed and the income tax rob from the poor and middle class

February 27, 2012

High tax rates in the upper income brackets allow politicians to win votes with class-warfare rhetoric, painting their opponents as defenders of the rich. Meanwhile, the same politicians can win donations from the rich by creating tax loopholes that can keep the rich from actually paying those higher tax rates — or perhaps any taxes at all.”

This is why fiat currency is the road to ruin. Even when the Fed does what their publicly stated purpose is to stabilize the dollar and maintain full employment, but they have a whole list now of other functions. Like being clearinghouse for inter-bank loans and balance reconciliation, and other things.

Here’s the difference between fiat and independent currency. If the politicians had to deal with real genuine money, with independent value, they couldn’t get enough to do what they want to do, it would be a lot harder to do it. So it’s easier to “borrow” it from the Fed, which is glad to create an accounting entry in the Treasury for, say a trillion dollars, add the trillion dollars to its “receivables” and start the interest clock, and voila the taxpayer has been had.

Not only is he on hock for future income to repay it (or his children) but assuming the cycle just continues and rolls over into another loan, it’s still more money circulating.

Meantime they had to couple that with the income tax. That way the same politicians can pretend they’re robbing the rich when in fact they’re robbing the poor and middle class. They can also pretend they’re helping the poor with that deficit money (never money they’re putting money in one pocket and taking the value right out of the other one by just “printing” money), while in fact the poor are paying taxes at gas pumps, in their rent, and in the INCOME THEY DO NOT MAKE because the income tax is swallowing up the extra dough in the money supply and circulating it in federal budgets.

And then the tighter regulations on banks to act rationally is acting to shrink up the M3 money supply.

The Fed hasn’t published M3 figures for years, saying it’s too “complicated”, but more likely they know the sheer size would scare Americans into giving the most massive political beating to their politicians in history.

It’s too complicated to calculate the money supply but Washington claims they can manage the economy??

Aaron Task writes disinformation spin for the Fed

January 26, 2012

Here’s where his article appears at yahoo:

No, the Fed Does NOT ‘Print Money’: Just Explain It:

This is from the “Give Me A Break” Department.

In the third paragraph, the guy couldn’t help but let slip why they are publishing this article now, probably setting the stage for a bit of another illusionist’s deceit it their bag of tricks to save the rigging somebody apparently set up for the election.

All you guys who are in your first class of Economics and Finance They Never Taught You in School, who are asking “what somebody?”, either keep your dial tuned to this station, or, just simply Follow The Money!

Hey! When Ron Paul talks about “printing money“, everybody that supports him ALREADY KNOWS he’s talking about MONEY SUPPLY, not printing presses!


In fact, Ron Paul took note during a congressional hearing once that the Fed has stopped publishing their estimates of what they call “M3 money supply” which Aaron Task knows is more what Ron Paul is talking about when he says “printing money”, saying they could not estimate the figure anymore with sufficient accuracy. Ron Paul rightly observed that it’s a good guess that their real reason is that Americans would be shocked at the figures.

All the manipulations that Mr. Task listed that the Fed does to control the real money supply, that is what they do.

BUT HERE IS WHAT AARON TASK DELIBERATELY LEFT OUT, because I think he knows a little more than he is explaining, so I will “just explain it”.

The Fed DOES put out dollars in circulation now with electronic entries authorities by the selected persons at the Fed, and Quantitative Easing is exactly what is meant by “printing money”, meaning putting dollars into the money supply (now mostly electronic transfers anyway), which has the same effect as printing press dollar production, only worse and faster.

If buyers around the world were not eating up all this cash by using it to buy Treasury Bonds and other means, the dollar would have crashed a long time ago.

The big money players around the world have lost confidence in the stability of the dollar, and the “full faith and credit of the United States” has lost its polish, and even the guys in charge of the American economy (the administration) and the guys in charge of manipulating our money (the Fed) and the central banks around the world, have said they need to study a transition to another worldwide currency.

But they are already married to the dollar, they have gobs and gobs of dollars, and they want to get their money’s worth, so they are riding out the dollar, this “green paper pig”, a  balloon they know is about to go bust, while they work out how to do it. And whatever deal they cut, we all know that what they have in mind is making Americans pay, the American economy. They may market it here in the USA as a “tax on the rich”, but they know it will be our blood, sweat and tears they will  require.

The only presidential candidate telling the truth to the American people about all this is of course RON PAUL. The detractors are committing big sins of omission, in what they are NOT saying, what they are hiding from you. (Here’s looking at YOU, Aaron Task).

And the truth is, that every increase in the money supply is grand theft larceny from the pockets of the poor and the middle class. That’s inflation, a word that does not do justice to the value it robs from the dollars the poor use to buy food and gasoline and pay rent. This is the kind of deceitful theft that the Bible calls a “false balance”. The “false balance” was what merchants of old used to cheat their customers, like pretending they were selling you a pound of wheat when the stone they used in the balance was actually lighter than a pound and the buyer was getting less that he was told.

Proverbs 11:1 “A false balance is abomination to the LORD: but a just weight is his delight.” (Proverbs 11:1).

John 8:32  And ye shall know the truth, and the truth shall make you free.


Spirit Airlines leads protest against government requirement to hide taxes in your air fares

January 25, 2012

My question:Where are the other airlines? Why are they missing in action? AWOL, because we expect them to speak up for themselves AND FOR THE LITTLE GUY.

That’s why the VAT tax is so bad, too. The buyer doesn’t know how much of that price retail is taxes that the consumer himself is paying. Note: meaning it’s a way for some “liberal” countries to tax the poor by stealth.

It’s the same kind of idea as the new requirements on airlines, a tax on each step of the manufacturing process, where the final retail price includes all the taxes but unlike the sales tax, there’s no way the retailer usually knows how much is tax.

 For a brief few weeks at least here in Miami, one could see a sticker at the gasoline pump that said so-and-so percent of your price goes to federal, state and local taxes. It didn’t last, they probably made that illegal too. But it’s a LOT of taxes that get paid out of your fill up.

 Another stealth tax, more insidious maybe than just requiring airlines to hide the tax, is inflation. Until recently most people haven’t thought about it.

When the central bank in Honduras  –or the Federal Reserve in the USA— adds money to the money supply in circulation, it means more money chasing after the same production of goods and services. They increase it by lowering interest rates, or sometimes by just rolling out the “printing presses”, like the Fed did with QE1 and QE2. Of course it’s electronic entries nowadays. And as part of TARP, the Fed created more supply for Europe, as exposed when Congress finally forced the Fed to tell who they gave money to.

But the “member banks” get the first dibs on “new money“, presumably it works that way in Honduras too. Their biggest and best clients get it next, and so on. It’s “trickle down inflation” where the prices are driven up but the CONNECTED rich get it first, the ones with their buddies in power and in the central banks. Prices go up before the poor see any of the extra new money, so when they go to the store their money buys less.

It’s a devaluation of the money right out of the pockets of the poor and middle class, it’s grand theft larceny, and it’s also a hidden tax. Government gets to look good with programs for the poor that they finance by robbing them by devaluation of their money.

That’s why the famous old saying “Give me control over a nation’s currency and I care not who sits on the throne”.

Establishment economists do what they’re paid to do, denounce gold standard

January 21, 2012

“rawstory” delivered up a story from AFP about a “panel” of 40 economists, “bipartisan” they said and repeated (oh yeah?), that denounced the idea of returning to a gold standard. They used the word “bipartisan” while they also mentioned that the other candidates are feebly echoing Ron Paul‘s support for a gold standard:

AFP was pathetically backwards wrong on the Honduras situation in 2009, so I’m not surprised they repeat this globalist neo-conservative disdain for using money of genuine intrinsic independent value.

And “bipartisan” my rear end! as the expression says it. How stupid do you guys think we are? Go back to your Money 101 class, even Keynes bow to “full faith and credit of” clause, it’s a Keynesian trade secret.

What people need is a medium that is immune to the political whims of bankers like the ones that own the Federal Reserve, like gold. They can’t manipulate its worth, which these Master Manipulators think is a bad thing.

When the Fed increases the money supply, it’s the big banks that get the big dollars first, and that means they and their best and biggest clients the biggest corporations can use it to multiply their own record profits. Now with more money floating around prices go up because they chase after the same production of goods and services, ==> and that is the ROBBERY BY STEALTH that is fiat currency.

These are “experts” blessed by the political rulers to give their religious blessing. It’s an “opiate for the masses” so the blind can lead the blind into the ditch.

Ron Paul is right. Golden Rule Government is the best for all of us, the poor most of all.


Do not trust Internet voting EVER!

December 30, 2011

There’s a new ad on some of the political and news web sites that calls itself  “Americans Elect” that claims it’s not a third party, BUT IT IS A “THIRD PARTY“. Liars, liars, pants on fires.

This is an ad-driven thing, not a grassroots insurgency like the Ron Paul campaign.

So I want to know, where did the money for all these purchased ads come from, WHO is paying for them? And how many layers does it have to pull back to see who is behind the curtain?

I have nothing against a third party, there are a lot of them that are better than the two monsters that presently are practically our masters. They’re getting another line on the ballot in different states, they’re claiming they will have all 50 states. They claim that Americans will directly participate and nominate their candidate of choice by the thousands in an “on-line convention” in June.

I’m a software engineer, and DO NOT BELIEVE FOR A MOMENT that anybody can “secure” a nominating or a voting process like that. A “printable receipt” is NOT a sufficient recourse for recounts for example, though the real masters of this “independent” process will claim it’s not necessary.

They’ll have a technical panel that will “guarantee” the security of the process.

I have worked on banking software, and they had more security than anybody else, and you trust it and I trust it with the ATM. But YOUR VOTE IS MUCH MUCH MORE VALUABLE THAN YOUR BANK ACCOUNT.

And we all know how many banks have lost our data to cyber crackers.

Like some of the experts who have testified before Congress about electronic voting say, THERE IS NO PROTECTION –AT ALL, AT ALL– AGAINST THE ADMINISTRATORS OF THE SYSTEM.

No, when it comes to voting, there is no substitute for a hard copy of a vote in a physically secured location stored not in secret but openly and publicly where not just party representatives but anybody at all can watch.

Me, I have said for decades that the two-party political cartel that passes laws that keep its members in power and keeps other groups out is unfair and is unequal treatment under the law and keeps new alternatives out and the incumbent scoundrels in. It rigs the system to offer one of two party-boss selected candidates that do basically the same thing over the years. During administrations of both faces of this two-faced political system, the government has only grown, unconstitutional undeclared wars continue apace, nation-building by the military continues instead of self-defense, crony capitalism and phony welfare-ism only grows, the debt only multiplies, budget “cuts” are really budget increases that are less than original proposals, and the Federal Reserve continues to gush rivers of phony currency and manipulate the money supply and play whiplash with the economy and give us zig-zag recessions and lead us headlong toward monetary catastrophe.

Now we have an actual alternative emerging from the Republican Party nominating process, an upstart that embarrasses the big-money powers-that-be and party bosses, and has a chance to turn the country around.

Ron Paul has earned that trust. Trust is earned, not a “right”.

This new Internet party does not convince me. It has not earned my trust at all. I suspect it will be a media-driven thing that will be beholden to the architects that set it up. They are in the invisible background. Who is behind this thing, that kind of ad money did not come from a spontaneous grassroots thing!

I want to know, where did the official funding for all these purchased ads come from, and from whom, because by knowing what tree this new branch spouts from, we’ll know the rest.

Do NOT trust software or computer technicians, they are just as corruptible as anybody.