Wednesday, January 12, 2011

How To Fix Capitalism

The Harvard Business Review magazine contains the article How To Fix Capitalism. In this audio interview about the article ideas such as health, sustainability, and profits without jobs are mentioned and brushed off to instead discuss "what is good for society is good for business" and "shared value" while missing the elephant in the room - we don't have free-market capitalism. Instead we have a system of corruption led by the private cartel Federal Reserve with protection by the corrupt financial system regulators in the malfeasant SEC.

While 71% of the people understand we need to change, government will likely continue to support the economic fraud.

Some 71 percent of those surveyed oppose increasing the borrowing authority, the focus of a brewing political battle over federal spending. Only 18 percent support an increase.

Familiar faces such as those of Reps. Michelle Bachmann (R., Minn.) and Ron Paul (R., Texas) have been joined by a chorus of freshman members, many of whom explicitly campaigned against raising the debt limit.

However, most Republicans, bowing to reality (and remembering the blow that the GOP’s reputation suffered as a result of the 1995 shutdown), have decided on a more pragmatic approach.

The media conspire with government and corrupt financial services companies to push for unsustainable deficit spending by calling it "pragmatic". Advocating for what has failed is not pragmatic, it is crazy.

Tuesday, January 11, 2011

GATA Lawsuit To Audit The Gold

GATA's lawsuit to force the Federal Reseve to disclose their holdings of America's gold is proceeding. A judge has ordered the Fed to produce 20 gold-related documents the Fed has sought to keep secret.

This is a small, important step in bringing transparency to the private banker cartel known as the Federal Reserve.

Wednesday, January 5, 2011

2012 Presidential Race Starts Now

Ron Paul has been invited to a couple early Presidential forums.

Both CPAC 2011 and Iowa Faith and Freedom Coalition have invited Ron Paul.

CPAC 2011 is February 10 - 12 in Washington D.C.
Iowa Faith and Freedom Coalition is March 2 in Des Moines, Iowa.

Ron & Rand On The Hill

Ron Paul and his son Rand Paul will be sworn in today
Rand Paul will be sworn in as the next Republican U.S. Senator from Kentucky, joining his representative father, Republican Ron Paul of Texas, in Washington.

Tuesday, January 4, 2011

Investing In Forever Stamps

Peter Schiff wrote an interesting commentary on the USPS moving toward selling only "Forever Stamps" (stamps without numerical denomination).

If Forever Stamps are a store of wealth and begin to trade like currency, will the Federal Government accuse the USPS of creating unlawful money?

Peter Schiff says:
Over the past fifty years, the USPS has raised the rates on first class postage 20 times. During that time the stamp prices have gone up more than 1,100%.

Those individuals and institutions who hoard the stamps now could offer them for sale in competition with the Post Office. Even though the Post Office will not redeem forever stamps for cash, there is no law against reselling them for whatever price the market will bear. How many forever stamps will the Post Office be able to sell at full price if customers can buy them at a discount on Ebay?

On that note, forever stamps provide the most conservative investors with a much more attractive alternative to zero interest checking accounts, low yielding Treasury bonds, or even inflation protected government securities (known as TIPS).

Given these stamps will always be completely liquid, the only way an investor can lose money on forever stamps is if the price of postage goes down.

Over the past 10 years stamps are up 29%, while the S&P 500 is up a measly .1%.

Monday, January 3, 2011

Abolish & Audit

Karl Denninger writes about the original intent of the Declaration of Independence, the Constitution, and the need to abolish the TSA.

Ron Paul writes about the need for a full audit of the Federal Reserve.