The Fed is Hopelessly Lost and Completely Incompetent

Fed fueling century's ‘greatest bubble’: Stockman

We Have Redefined Our Liabilities As Assets And Declared Victory

Like with our deteriorating educational system, our economy no longer measures up to previous standards of performance. In education, you can see the difference through comparison to a century old Jr. High School test that I believe would stymie most of today’s college graduates. Our economic deterioration can be seen in our high trade deficits, big budget deficits, high public and private debt levels and the explosion in the number of people who rely on government assistance be it in the form of welfare, food stamps, or disability.

However, according to many economists, none of this is cause for concern as it is simply the way things work in our new “consumer-based,” “service-sector,” economy. Instead of growth through savings, capital investment, and production, we now rely on money printing, asset bubbles, leverage, and consumer credit. Inflation, which was once acknowledged as being bad, is now considered good. Persistent trade deficits, once a sign of economic distress, are now considered signs of strong domestic demand. Instead of dealing painfully with intractable problems, we have redefined our liabilities as assets and declared victory.-Peter Schiff: http://www.lewrockwell.com/2014/04/peter-schiff/forget-college-2/

The Ascent of Money: A Financial History of The World

"Our Only Hope Will Come Through Rebellion"

Chris Hedges speaks at the "One Nation Under Surveillance" civil liberties conference at CCSU in CT.

Redistribution of Income and Wealth

An open message to those who favor the redistribution of income and wealth:

Why are you wasting your time on political action? If you favor redistribution, you hold the power in your own hands. Write a check, open your wallet; sell your possessions and give the proceeds to someone who deserves your wealth more than you do.

Of course, chances are excellent that this is not the sort of redistribution you favor -- if it were, you would already be engaging in it, as many less "progressive" people are. No, chances are that you favor not coughing up your own wealth, but having thugs -- aka the state -- steal and extort on your behalf and give some of the loot to people you would like to get it. And, mirabile dictu, you would like to have everyone think well of you for your criminal "compassion." It's very sad that so many people's morality has sunk to such an abysmal low.-Robert Higgs

It is tempting to think about government transfers in a simple way: one person, taxpayer T, loses a certain amount of money; another person, recipient R, gains the same amount; and everything else remains the same. When people look at income redistribution in this way, they tend to make a judgment about the desirability of the transfer simply by considering whether T or R is the more deserving. Commonly, especially when the issue is discussed in the news media or by left-liberal politicians, R is portrayed as a representative of the poor and downtrodden and T as a wealthy person or a big corporation. Opponents of the transfers then appear callous and lacking in compassion for the less fortunate.

In fact, the overwhelming portion—more than 85 percent—of all government transfer payments is not “means-tested,” that is, not reserved for low-income recipients.-Nineteen Neglected Consequences of Income Redistribution

The 20th Century Conspiracy of Consumerism

Deflation: A Concern So Stupid Only An Intellectual Could Be Worried

Jim Rogers with Brian Baker

The Evolution of Sheeple?

Suppose that tribal groupings were the most advantageous to human survival... that over time, nature 'selected' loners to die, groups to live.

Suppose that for groups to remain intact... they needed a ruler. For that ruler to remain in power... he would need to have the ability to take what people want... like their freedom.

For the group to remain intact... and the people to survive... they must want freedom... and be unwilling to take it.-Ben Doolin

"It Can't Happen Here!"

This video is for all those who imagine that there is some sort of magic that renders the United States immune to the tyranny that has plagued every other major empire in history.-http://youtu.be/u2ebudnWlh4