Terrorism’s Best Friend—–Bloviating Politicians

http://davidstockmanscontracorner.com/terrorisms-best-friend-bloviating-politicians/

Money is far too important to be left to the politicians

http://therealasset.co.uk/money-politicians-gold/

As this monetary system fights a hard fight to its bitter end, governments are working harder than ever to stop individuals choosing how to store their money. Whilst here in the West we seem blinkered by the monopoly money governments woo us with, our compatriots elsewhere are onto something; saving vociferously in gold, aware that their governments are proving poor stewards of the monetary system. But in many cases, if not all, the government is putting up a fight.

Whilst governments and loyal Bernanke followers out there continue to tell us that ‘gold is not money’ their actions continue to prove them wrong.

Clamping down on the use of gold in both the banking system and the marketplace is yet another attempt by government to prove their money is the best money…but they need to control gold in order to prove it.

Central bankers and politicians are running out of ideas

http://www.goldmoney.com/gold-research/alasdair-macleod/central-bankers-and-politicians-running-out-of-ideas.html?gmrefcode=gata

Thoughts for the day

If gold is a barbaric relic, why is the state with the highest GDP called the Golden State? And why is the Denver Mint the top coin facility in the world?

Read your history books, and remember the years 1849 and 1858. The whole western United States expansion occurred after those dates. Blood, sweat, tears, and death went toward producing something of value, unlike an instantaneous computer key-stroke to create trillions of dollars out of thin air.

Today's "prospectors" work around the clock to build value for customers: smarter smart phones, better search engines, smaller computers, faster internet connections, and effective treatment for diseases. Their form of alchemy is transforming sand (silicon) into better communications, deeper knowledge, higher entertainment value, and better health.

These entrepreneurs should be left unfettered to create more value and generate prosperity for all of us, while increasing our quality of life. They are the growth engine of our global economy. They shouldn't be punished for bankers gone wild and politicians gone crooked.

California is sinking

California is sinking...but it's not into the Pacific Ocean. It is collapsing due to the collective weight of unfunded liabilities from public employee pension costs. Even the most liberal California politicians agree on this.

http://online.wsj.com/article/SB10001424052748703699204575017182296077118.html

Former Assembly Speaker Willie Brown, a well-known liberal voice, recently wrote this in the San Francisco Chronicle: "The deal used to be that civil servants were paid less than private sector workers in exchange for an understanding that they had job security for life. But we politicians—pushed by our friends in labor—gradually expanded pay and benefits . . . while keeping the job protections and layering on incredibly generous retirement packages. . . . [A]t some point, someone is going to have to get honest about the fact."

State Treasurer Bill Lockyer, another prominent liberal Democrat, told a legislative hearing in October that public employee pensions would "bankrupt" the state. And the chief actuary for the California Public Employees Retirement System has called the current pension situation "unsustainable."

Wars and central banks

What most people do not understand is the relationship between the Federal Reserve and war. The Federal Reserve is responsible for every economic difficulty that afflicts our nation. Without a Federal Reserve creating fiat paper currency out of thin air, an empire could not wage continuous war. There is no clearer proof than evaluating major U.S. military conflicts prior to 1913 versus after the creation of the Federal Reserve. Between 1791 and 1913 (122 years) the U.S. engaged in only four major conflicts:

* War of 1812
* Mexican-American War
* Civil War
* Spanish-American War

Only the War Between the States can be considered significant and it was fought solely on U.S. soil. The Federal Reserve was created in 1913 by bankers in collusion with politicians in Washington DC. This private central bank, run by a cartel of major banks, has encouraged politicians to wage war. Continuous conflict enriches bankers, as all the money used to wage war is borrowed from them. This may explain why between 1913 and 2010 (97 years) the U.S. has engaged in eleven significant foreign conflicts:

* World War I
* World War II
* Korean War
* Vietnam War
* Grenada Invasion
* Panama Invasion
* Gulf War
* Somalia
* Kosovo War
* Afghan War
* Iraq War

Above and beyond these actual conflicts, we engaged in a 46 year Cold War with the Soviet Union that involved funding opponents to communism, coups, and assassination of foreign leaders. This Cold War was used as an excuse to station troops in over a 100 foreign countries, creation of the military industrial complex and creation of a secret spy agency, the CIA. Conveniently, when the Cold War ended with the collapse of the Soviet Union, a new amorphous war was created by politicians and their bankers. The nebulous War on Terror has been exploited to create the Department of Homeland Security and passage of the Orwellian Patriot Act, which allows the government to violate Americans’ right to privacy in the name of National Security. The War on Terror is used as the reason for invading foreign countries and using predator drones to blow up whoever our leaders feel is a threat. The cost for the War on Terror thus far has been $2.3 TRILLION. There are trillions more to be wasted because you can never win a war on terror. Who benefits from a never ending war on terror? Every dime of the $2.3 trillion has been borrowed. The beneficiaries of debt are bankers, as they reap billions in profits and pay themselves millions in bonuses. The money that is loaned to the government is then paid to the companies that constitute the military industrial complex. These companies then buy the support of Congress for their new and improved killing machines. This encompasses the circle of death in Washington DC.

- James Quinn