June 22

The Fed is the root of all money evils

The Federal Reserve, more commonly known as “The Fed”, is the central banking system of the United States. As the common saying among sound money endorsers goes, The Fed is “no more ‘federal’ than Federal Express”. It is in actuality a quasi-federal cartel of private banksters and federal bureaucrats which centrally dictate United States economic policy with no oversight, transparency, or accountability; in fact, it has never been audited in its entire existence. The Fed claims one of its primary objectives is to control inflation, but in fact, the purchasing power of the dollar has decreased by more than 95% since its initiation, and the US has seen a number of recessionary and depressionary periods.

US dollars, more accurately called Federal Reserve Notes, are fiat money; that is, money backed by nothing of intrinsic value, traditionally such as gold or silver. For this reason, The Fed can engage in a little-understood but extremely detrimental act known as quantitative easing (QE). QE is, simply, the printing (or digital creation) of new (but worthless) money (also known as “expanding the money supply”), and is tantamount to legalized counterfeiting. This has the effect of decreasing the value of all other money in circulation, essentially stealing from your savings.

To counteract this criminal enterprise, the US must drastically reform its monetary policy. We must Audit the Fed and determine exactly where our money has been going for decades. We must return to a system of sound money, backed by a valuable asset like gold or silver.

It is no coincidence that the Federal Reserve Act and the Sixteenth Amendment (which established the income tax) were enacted in the same year, 1913 (as a matter of fact, the Seventeenth Amendment was introduced in this year as well, making it a very bad year for the US). Prior to the income tax, most citizens were able to live the majority of their lives without the involvement of the government. The government was funded via consumption taxes, and a return to such a method would do us well.

The Fair Tax would simplify and basically eliminate the current leviathan tax code, decreasing the burden on individuals and small businesses. It would place an emphasis on savings (the wealth of a country), as individuals would have an added incentive to contemplate their own spending. And it would spur economic growth and return jobs to the US, as corporations scramble to invest in the return of industry.

June 10

cheatsheet for World’s Smallest Political Quiz

The short answer: “Agree” to all! Take the quiz, and post your results and comments below.

Government should not censor speech, press, media or Internet:

ANY government encroachment is always a slippery slope. The state has proven time and again that once they get their foot in the door, they will only open it wider. The First Amendment guarantees recognition of the right to absolute freedom of these mediums, period.

Military service should be voluntary. There should be no draft:

Compulsory military service is an infringement of the individual’s right to freedom. Anything the government enforces involuntarily must be done either directly or indirectly at the point of a gun, with the threat of violence, which is not only immoral but against the spirit of liberty. Besides, anyone forced to do something against their will lacks motivation to perform – and if the people of a country lack the motivation to defend themselves from an impending attack, that country is destined to fail either way.

There should be no laws regarding sex between consenting adults:

There should be no laws regarding ANYTHING between consenting adults. Sex falls into that category. What people choose to do with their own bodies is up to them only – period.

Repeal laws prohibiting adult possession and use of drugs:

Possession and use of drugs harms nobody except possibly the user. As established previously, what people choose to do with their own bodies is their business only. Objectors will point out various crimes and hazards stemming from drug use – these issues only exist because of black markets and would be significantly reduced or eliminated altogether with decriminalization. Personally, I have never once used a single illegal drug, but I will defend anyone else’s right to do so of their own volition.

There should be no National ID card:

The powers that be want to put the means in place to eventually be able to track and control our every move – would never happen on my watch. If it were up to me, I would eliminate the Social Security card too, and go back to the original means of identification which worked just fine: by name.

End “corporate welfare”. No government handouts to business:

I would not give another corporation a single taxpayer dime if my life depended on it. Modern governments seems to be primarily run “by the corporations, for the corporations”. This is called fascism, or corporatism. Governments should not have a single finger in business; if a business is failing, the invisible hand of the market will do its work. A new business or entrepreneur will come in, buy up the assets, and restructure them in a more useful way. This holds true even for “critical” sectors, such as banking (though there are issues there with the FDIC, but that’s a whole new issue).

End government barriers to international free trade:

Absolutely. What products the government restricts in order to “save jobs” for businesses, it restricts the citizen (generally, the “little guy”) from obtaining at better prices. Protectionism helps only the corporations by allowing them to artificially inflate prices, creating monopolies. Market competition, even with other countries, is what equalizes costs and spurs innovation. If an entrepreneur can undercut a foreign industry at a profit, he will do so; otherwise, the citizens are obtaining the product at market price, and the entrepreneur’s attention is best suited elsewhere.

Let people control their own retirement: privatize Social Security:

Government control of the individual’s affairs in any way, including finances, should be called what it is: the Nanny State. Most people can manage their own retirement on a custom basis and much more efficiently than the state as a collective, and if they choose to let it sit in a bank, that is their own prerogative. Besides, Social Security is a complete failure and is nothing more than a tax-and-spend slush fund.

Replace government welfare with private charity:

The government has no business forcing one citizen to pay for another against his will. Objectors will claim that without government welfare, the needy will go unhelped; however, they fail to recognize that everything the government does, it is said to do with the will of the people. This means that if it is the will of the people to give to the needy, they will do so whether or not they are forced, and if it is not their will, the government should not be doing it in the first place.

Cut taxes and government spending by 50% or more:

My ideal solution would be to cut government by 90% or more, but unfortunately this is probably impractical. I would like to go to a “Fair Tax” of 10% (if 10% is good enough for God, it’s good enough for me), end the wars and bring all troops around the world home, defund most executive departments/Cabinets, eliminate basically all unelected bureaucracies, repeal the majority of government regulations and legislation, and eventually privatize all welfare/charity. That is, return to Constitutional government – just for starters.

May 22

S 604: Audit The Fed, pt. 2!

this is a sister post to HR 1207: Audit The Fed

great news… well over 1/3 of the House is now co-sponsoring HR 1207! this means it has a great chance to pass. but now we’ve got to get cracking on its companion bill in the Senate! S 604, Federal Reserve Sunshine Act of 2009 [GT] [OC], is that bill. and it currently has no co-sponsors! time to change that. here’s how:

  • go to faxZero, which lets you send 2 faxes per day for free. put your name and email into the “Sender Information” box (it’s important to use a valid email, as you will be sent a confirmation which you have to click before the fax will be sent).
  • download this pdf. attach it to the “Fax Information” section in faxZero, and enter the Confirmation Code.
  • find Senators which are NOT currently co-sponsors of this bill (here are Virginia’s Senators).
  • go to your Senator’s official website and find the contact page. find the fax number for their Washington D.C. Office, and copy and paste it into the “Receiver Information” box in faxZero after putting their name into this section.
  • HERE ARE NAMES AND FAX NUMBERS FOR VA SENATORS:
    • Senator Mark Warner at 2022246295
    • Senator Jim Webb at 2022286363
  • click “Send Free Fax Now”! you will receive a confirmation message in your email – click it. congrats! you have just contacted your Senator about one of the most important issues facing our government today…
  • send another one to your other Senator. then, tomorrow, send two more. keep sending until every Senator in the nation gets the message!

UPDATE: there is another Senate Bill “to require the Board of Governors of the Federal Reserve System to publish information on financial assistance provided to various entities, and for other purposes”: S 513.

April 30

HR 1207: Audit The Fed

“The Fed”, or The Federal Reserve, is a private conglomeration of banks which literally controls the U.S. economy and has the power to print money, but has never been audited. when asked fiscal questions by Congress, the Chairman of The Fed (currently Ben Bernanke) is free to, and ususally does, NOT answer. Alan Greenspan himself has said that The Fed is above the law. does it make sense that the most powerful private corporation in our country, one which performs all its operations with our taxpayer money, has never been audited? it’s time for this to change.

UPDATE: Rep. Alan Grayson [D-FL] asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is.

this is a bill by Ron Paul [GT] [OC], but it is the epitome of a nonpartisan issue. I can’t imagine a “Democrat” or “Republican” going home and saying, “well I don’t really think we have a right to know where our money is going, so I think the Federal Reserve should continue giving our money away in secrecy”.

here’s how to support this bill, and it’s almost as easy as reading what you’ve just read (well, it will take about 5 minutes):

  • go to faxZero, which lets you send 2 faxes per day for free. put your name and email into the “Sender Information” box (it’s important to use a valid email, as you will be sent a confirmation which you have to click before the fax will be sent).
  • download this pdf. attach it to the “Fax Information” section in faxZero, and enter the Confirmation Code.
  • find your state’s reps which are NOT currently co-sponsors of this bill (here are Virginia’s reps – currently the gentlemen from districts 1 and 6 ARE co-sponsors – the rest need to hear it from us!).
  • go to your rep’s official website and find the contact page (for example, Rep. Randy Forbes). find the fax number for their Washington D.C. Office, and copy and paste it into the “Receiver Information” box in faxZero after putting your rep’s name into this section.
  • UPDATE: HERE ARE NAMES AND FAX NUMBERS:
    • Rep. Rob Wittman [R] at 2022254382 (already a co-sponsor)
    • Rep. Glenn Nye [D] at 2022254218
    • Rep. Robert Scott [D] at 2022258354
    • Rep. Randy Forbes [R] at 2022261170 (5/20/2009 UPDATE: NOW CO-SPONSORING!)
    • Rep. Tom Perriello [D] at 2022255681 (5/13/2009 UPDATE: NOW CO-SPONSORING!)
    • Rep. Bob Goodlatte [R] at 2022259681 (already a co-sponsor)
    • Rep. Eric Cantor [R] at 2022250011 (6/23/2009 UPDATE: NOW CO-SPONSORING!)
    • Rep. Jim Moran [D] at 2022250017
    • Rep. Rick Boucher [D] at 2022250442
    • Rep. Frank Wolf [R] at 2022250437 (6/11/2009 UPDATE: NOW CO-SPONSORING!)
    • Rep. Gerald Connolly [D] at 2022253071
  • click “Send Free Fax Now”! you will receive a confirmation message in your email – click it. congrats! you have just contacted your Representative about one of the most important issues facing our government today…
  • but don’t stop there! send another one to another rep. then, tomorrow, send two more. keep sending until every rep in the nation gets the message! we wanna know where the gold at.

if you have any questions, please leave them in the comments. I would love to answer them. it’s time for transparency.